LPL Financial Welcomes Servant Path Wealth Partners to Linsco Channel

LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisors Joe Young, CFP®, and Ryne Stokes, CFP®, have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Servant Path Wealth Partners. They reported serving approximately $400 million in advisory, brokerage and retirement plan assets* and join LPL from Synovus Securities. Based in Columbus, Ga., Young is a seasoned professional with two decades of industry expertise. Stokes entered the financial services field in 2014 following his tenure at...

Frec Launches Portfolio Allocation Feature

Frec, the innovative investment platform known for redefining direct indexing, today announces the launch of its Portfolio Allocation feature. Unlike traditional robo-advisors that enforce automatic rebalancing, Frec empowers investors with the choice of how and when to rebalance their portfolios, marking a shift in how investment management is approached. Most robo-advisors adhere to rigid allocation models, frequently rebalancing portfolios to maintain predetermined ratios. This approach often leads to suboptimal performance, as it requires selling high-performing...

CW Advisors Adds Two Boston-Area RIAs

CW Advisors, LLC (“CWA”), a registered investment advisor (“RIA”), headquartered in Boston, announces it has acquired Aspire Wealth Management, Inc. (“Aspire”) and Fernwood Investment Management, LLC (“Fernwood”). Aspire, located in Waltham, Massachusetts, and Fernwood, located in Quincy, Massachusetts, both serve high-net-worth clients, providing financial planning and investment management. The deals add more than $800 million in assets under management to CWA. Terms of the transactions are not disclosed. “We are excited to welcome the Aspire...

MarketGrader Welcomes Mike Paul to Board of Directors

MarketGrader, a leader in smart beta investment solutions, today announced the addition of Mike Paul to its Board of Directors. With a focus on MarketGrader’s Smart Beta Indexes business, Paul will provide strategic guidance on matters of business development, key staffing considerations and commercialization opportunities for the firm’s global index library, as well as counsel on the product roadmap and partnerships. “Mike brings a vast amount of experience building, leading and advising asset managers and...

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