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HomeLife InsuranceAtria Provides Former LPL Exec to Push Indie Development Technique

Atria Provides Former LPL Exec to Push Indie Development Technique


What You Must Know

  • Atria Wealth Options employed {industry} veteran Invoice Morrissey to function head of its unbiased channel, a brand new function.
  • The channel has roughly 1,500 advisors.
  • The agency plans to proceed a method of considerate progress, not simply progress for progress’s sake, CEO Doug Ketterer says.

Atria Wealth Options has employed LPL Monetary veteran Invoice Morrissey to function head of its unbiased channel, a newly created function on the agency, which has each a broker-dealer and registered funding advisor.

The addition represents the “subsequent stage” of its progress technique and was “designed to additional broaden and advance the agency’s speedy progress within the unbiased wealth administration area,” the corporate mentioned Tuesday.

Morrissey, who was with LPL Monetary for 14 years (from 2004 to 2018) and served as managing director and divisional president from 2016 to 2018, now stories on to Doug Ketterer, Atria CEO and founding associate.

Morrissey beforehand had a number of senior government, board and advisory roles with wealth administration corporations, together with Constancy Investments and Merrill Lynch, and wealth-tech corporations. He most lately was head of wealth administration at Guardian Life Insurance coverage.

“When Atria supplied me this new function, it actually struck me as a possibility to each lead a fast-growing section of an industry-leading agency, in addition to play a giant function within the agency’s evolution,” Morrissey advised ThinkAdvisor in a telephone interview on Monday.

“Over the course of my profession, I believe I’ve developed a set of competencies that I can leverage to assist advisors develop their enterprise and do a greater job or do a fantastic job supporting the wants of their shoppers,” he added.

Atria’s employees now consists of practically 2,500 advisors and brokers; about 60% are within the unbiased channel and 40% within the monetary establishment division, based on Ketterer. General, they work with $100 billion of property below administration.

The agency’s items embody Cadaret, Grant & Co., NEXT Monetary Group, Western Worldwide Securities, SCF Securities, CUSO Monetary Companies and Sorrento Pacific Monetary. Atria was lately acknowledged by ThinkAdvisor as a 2022 LUMINARIES winner in government management.

Atria’s Development Technique

“If you consider all nice profitable corporations, they evolve, and Atria is not any completely different,” Ketterer mentioned in the course of the interview.

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