$2.1B Former RayJay Team Heads to LPL
LPL Financial LLC has added The Noble Group, a $2.1 billion wealth management firm formerly with Raymond James, to its broker-dealer, RIA and custodial platforms.
Founded in 1996 by Tom Noble, The Noble Group offers corporate retirement plan consulting, financial planning, investment advice and portfolio management. For many high-net-worth families, retirees and business owners.
The team, based in Sugar Land, TX, and with a registered office in Dallas, is comprised of nine advisors and 13 support staff members. Noble plans to step away from day-to-day operations, leaving leadership responsibilities to the “next generation of advisors.” Joey Rose, who joined the firm in 2011, now serves as president and CEO.
“We believe LPL offers us the next level of independence, allowing us to select the financial planning software and resources that are most suitable for our clients,” Rose said. “Today’s clients want and need financial planning, and that’s where advisors can add more value to relationships.”
Prior to the Raymond James recruit. LPL added four former Osaic teams, including Bury Financial Group, a $655 million Youngstown, OH-based advisory practice. In July, LPL added Rizza Financial Services, a $250 million Melville, NY-based practice. That same month, the firm announced that Investment Advisors Financial Group, a $1 billion Eatontown, NJ-based financial advisory firm, joined LPL’s platform, and Summit Planning Group, a $750 million advisory firm with offices in Branford and Glastonbury, CT, also joined from Osaic.
LPL serves over 23,000 financial advisors, including advisors at approximately 1,000 institutions and at about 580 registered investment advisor firms across the country.
Pictured: The Noble Group team.
