LPL Hauls In $1.5 Billion Team From Kestra

LPL Financial Holdings landed another big recruit, this time an advisor team from rival independent broker-dealer Kestra.

The team, known as Watermark Wealth Management, has 16 advisors, 12 support staff members, and approximately $1.5 billion in advisory, brokerage and retirement plan assets. Founded in 2009, Watermark has offices in Scottsdale, Chandler and Payson, Ariz., as well as Minneapolis, Minn.

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