The war for talent continues to rage in the independent wealth space as LPL and Kestra welcome new additions from rival firms.
On Wednesday, LPL Financial said Horizon Capital Advisors, a Kansas-based ensemble practice, has joined its broker-dealer, RIA, and custodial platforms. The team moves over from Osaic, where they reportedly managed approximately $450 million in assets.
Led by Brett Deuth, J. Brock McClain and Brian Watts, Horizon Capital operates out of Overland Park, with additional locations in Missouri and southeastern Kansas. The group includes five other advisors: Brian Perley, Bennett Long, Cindy Gettel, Melissa Proffitt and Michael Sisson.
The firm traces its roots back more than five decades and serves a diverse client base, including families, executives and business owners.
“We take a holistic approach to providing goals-based proactive wealth management with clear direction,” Deuth said on Wednesday. “We work with families, business owners and executives to create personalized financial plans and disciplined investment strategies to help clients work toward their financial goals.”
Watts highlighted LPL's stability as a Fortune 500 company, as well as its "[investments] in industry-leading capabilities and strategic business resources."
LPL's addition in Kansas, which extends its record of additions from Osaic departures – shortly after welcoming a billion-dollar California team in January, it nabbed a $600 million group in Connecticut – comes not long after it lost a $170 million advisor trio to Osaic in Indiana.
Separately, Kestra Private Wealth Services announced that Amy Dunham has joined its platform through Inspired Wealth Planning, a Georgia-based firm that affiliated with Kestra in 2023.
Dunham brings $235 million in client assets and more than 20 years of experience, specializing in retirement strategies and intergenerational planning.
Previously with Edward Jones, Dunham will be supported by her long-time colleagues Rhonda Harwell and Natalie Edwards in the firm’s new Griffin, Georgia location – Inspired’s fifth office statewide.
Inspired Wealth Planning, which has a presence in Cordele, LaGrange, Perry, and Waycross, focuses on serving clients through key financial transitions. The team emphasizes financial literacy and community outreach, especially in underserved areas of the state.
Inspired’s model works as part of Kestra’s broader strategy of helping advisors transition out of employee-based roles into independent practices.
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
