LPL Financial Adds $260M, Five-Person New Mexico Team

A $260 million five-person advisor team has left Corebridge Financial, formerly part of AIG, to join LPL Financial’s broker-dealer, registered investment advisor and custodial platforms.

The Albuquerque, NM-based team consists of Angelo Burns, Larisa Holiday, Eli Montoya and Manny Pedroza, and client services associate Melinda Martinez.

For the past few years, the team has primarily operated in the 403(b) retirement space, working closely with hospitals, universities, schools and other non-profit groups. Looking to expand their services, the team has rebranded to Wealth Management and Legacy Planning Group with their move to LPL.

“With this move to LPL, we have access to a large suite of investment products and open architecture platforms that provide choice and flexibility, which allows us to serve clients in a greater capacity,” said Burns.

Corebridge was previously known as AIG Life & Retirement, but it was spun off as a publicly traded corporation with an IPO in 2022. The move came shortly after AIG announced a collaboration with Blackrock in which Blackrock would manage billions of dollars in AIG’s investment and retirement portfolios.