Asset Management

Burlwood Wealth: $275 Million Advisor Launches With LPL Support

By Amit Chowdhry ● May 16, 2024

LPL Financial announced that financial advisor Matt Sheffield has launched a new independent practice called Burlwood Wealth through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. He reported having served about $275 million in advisory, brokerage, and retirement plan assets and joined LPL from UBS. After starting his career in Silicon Valley, followed by a brief stint in medical sales, Sheffield recognized his calling as a financial advisor in 2005. He said it was the perfect job to combine his critical thinking skills with his passion for relationship-building and making connections. Client Services Specialist Kayla Randall joins Sheffield.

Integrated Partners Names Andree Mohr As President

By Amit Chowdhry ● May 16, 2024

Integrated Partners - a national financial planning and registered investment advisory (RIA) firm that serves $18+ billion in assets under advisement (AUA) - announced the promotion of Andree Mohr to president. Mohr has frequently earned recognition among her peers via accolades and industry awards, playing a major role in the firm's development since joining in 2015.

Benefit Street Partners: Fund II Closed At About $850 Million In Commitments

By Amit Chowdhry ● May 15, 2024

Benefit Street Partners (BSP) has announced the final closing of BSP Special Situations Fund II and its affiliated vehicles. The funds were oversubscribed with approximately $850 million in capital commitments. Fund II will seek to continue the investment approach of its predecessor fund.

LPL Brings In $385 Million Advisory Team

By Amit Chowdhry ● May 15, 2024

LPL Financial announced that financial advisor Chris Kitaeff, CPFA, MBA, has joined LPL Financial’s broker-dealer, RIA, and custodial platforms. With this move to LPL, Kitaeff joins Maher Wealth Management as a managing director. He reported serving about $385 million in advisory, brokerage, and retirement plan assets and joined LPL from Merrill Lynch.

Panax: AI-Based Cash Flow Management Platform Raises $15 Million

By Amit Chowdhry ● May 13, 2024

Panax is a company that offers an AI-driven cash flow management platform that empowers mid-market and large companies with complex treasury management needs to gain control and sustainability and optimize liquidity.

LPL: $830 Million Thimble Island Private Wealth Team Launches Independent Practice

By Amit Chowdhry ● May 9, 2024

LPL Financial announced that financial advisors Logan Reed, CFP, CEPA, CIMA, CLU, AIF, James “Jim” English III, Michael Allegra Jr., CRPC, and Matthew Fleming, CFP, launched a new independent practice, Thimble Island Private Wealth, through affiliation with LPL Financial’s supported independence model LPL Strategic Wealth Services. The team reported having served approximately $830 million in advisory, brokerage, and retirement plan assets* while at Janney Montgomery Scott.

Raymond James Brings In $200 Million OK-Based Husband-Wife Financial Advisor Team

By Amit Chowdhry ● May 9, 2024

Raymond James’ Central division director for the firm’s independent advisor channel, Raymond James Financial Services (RJFS), Kirk Bell, announced that the firm has welcomed financial advisors Mike Sikes and Shaley Sikes to RJFS. The husband-and-wife team are founding partners of Sikes Wealth Partners in Edmond, Oklahoma, where they are joined by client service manager Susan Moore.