LPL snags team managing $610 million from Raymond James

Global Advisor Group, which managed $610 million in brokerage and advisory assets at Raymond James, has switched to LPL Financial’s broker-dealer and registered investment adviser platforms. The move marks at least the second advisory team to switch from Raymond James to LPL in as many months. [More:​ See more adviser moves in InvestmentNews’ Advisers on the Move database.] Founded by James Barnette in 1999, when he affiliated with Raymond James, Global Advisor Group serves individual and institutional clients in all 50 states and 106 countries. The 22-member team includes 14 financial advisers and is based in Reston, Va., outside Washington. The independent firm will use Private Advisor Group as its office of supervisory jurisdiction.