The company has left a number of top executives from Atria Wealth Solutions because LPL Financial continues to integrate business according to its acquisition. This includes several senior marketing managers and employees in investment solutions, practical management and product strategy.
According to the reports published, LPL has circumcised the Executive ranks of Atria about layoffs. A LPL spokeswoman would not comment on whether these specific departures were part of it. The company submitted the adaptation and retraining notice or warnings in which layoffs in California, Texas and New York were described in May.
“While the warning notices presented the employees 60-90 days before the end of their employment, LPL and Atria openly have a detailed roadmap with employees in which transition phases and data are described,” said a spokeswoman in a statement. “In the past 18 months, LPL has put together a partnership with atrial stoves to pass over 250 employees to Rollen at LPL that meet their experiences and career goals. In recent times, LPL has recently set up a personalized application process that Atria employee welcomes who would like to join LPL in order to apply for open roles.”
Kevin Mummau, who was appointed co-boss of the Financial Institution Channel von Atria in January 2023, left on August 1, according to the official submissions. It is unclear whether Brian Bichler, his co-head, is still with the company. The two had direct responsibility for Atria's investment programs for credit cooperatives and banks.
Bob Holcomb, the Chief Marketing Officer from Atria since 2018, was also published on August 1, according to regulatory submissions. The other recent marketing trips included Grant Cox, Executive Director and Head of Marketing Communication; Kara Higgins, Vice President of Marketing; and Sam Scott, deputy vice president of Marketing Communications, who joined Carson Group. According to a LinkedIn post, Skott McKinney, Atrias head of digital marketing, joined the WEATTH CONSULTING Group as a CMO. According to LinkedIn, Jodi Wright, Vice President of Demand Generation.
Christopher Monk, Executive Director and Head of Strategic Partnerships and Product Strategy, was no longer registered with the company from August. He was at Cadaret, Grant, was One of the brokers/dealers acquired by AtriaSince 2014.
Brian Nelson, head of practice management, is also no longer registered. He was brought into this role At Cadaret, Grant in 2019. Before that, he founded Pratica Consulting, a consulting company that focused on consultant practice management, strategic advice and sales strategy.
John Picone, Head of Investment Solutions since 2018, recently came to the Executive Vice President Vice President of Corebridge Financial as the Executive Vice President. Corebridge offers annuities, life insurance, old -age provision plans, asset management and other financial services.
Rhett Meadows, deputy vice president and head of relationship management at Atria, joined the private wealth solutions in May as a private Wealth Director LinkedIn in May as a private wealth director.
Cox rejected a statement. Several other managers could not be reached immediately for a comment.
Several senior employees, including Bill Morrissey, head of the independent channel, and Kevin Beard, Chief Growth Officer and founding partner, were still registered with the company. Atria founder Doug Ketterer and his founding partner and Chief Operating Officer Eugene Elias Jr. stepped back for a few months before.
Regardless of this, some of the forward companies recently submitted themselves to the recruitment of brokers, including Cadaret, Grant; Grove Point Advisors; Grove Point Investments; Next financial group; SCF; and western international securities.
In 2017, the managers founded Atria with the support of the private equity company Lee Equity Partners to offer their underlying B/DS recruitment pipelines, practice management and investment capital.
Over the years, Atria has clocked numerous acquisitions, starting with sister broker/dealer Cuso Financial Services and Sorrento Pacific Financial. It also acquired Western international securitiesPresent Next financial groupPresent Cadariant GrantPresent Grove Point Financial And SCF advertising papers.
Already in 2019, Atria Rumors are repelled It was a sale, even when the consolidation of broker/dealers accelerated. In June 2023, Wealthmanagement.com reported that The company lost five recruiters In the first five months of 2023, including the departure of Gary Bender in March, which came from Securities America to Atria a year earlier.
LPL closed the takeover of Atria last October in October and said that 80% of the company's consultant was expected. Last week, LPL also closed To acquire Commonwealth Financial Network and its 3,000 consultants. Companies managers said it was on the right track to keep 90% of the consultants in this deal, with the final integration lying in the fourth quarter of 2026.