LPL Adds $140M Chico (CA) Team from Osaic

LPL has lured another team from Osaic as the $140M Prosperity Investment Management team joins its broker-dealer, RIA, and custodial platforms.

The Prosperity team operates out of a renovated historic building in Chico, CA, and is led by veteran financial advisor Robert “Rob” B. Anderson, who previously affiliated with LPL from 1990 to 2004, along with his son RJ Anderson.

Prosperity marks LPL’s third recruitment from Osaic in the month thus far, as it earlier added Tempe, AZ-based S&G Wealth Partners and Southern California team Nexus Wealth Partners, as reported by Dakota on November 7 and 11, respectively. Prosperity’s addition brings LPL a total of $715M in combined assets managed by the three former Osaic teams.

Source: https://www.globenewswire.com/en/news-release/2024/11/14/2981234/29579/en/LPL-Financial-Welcomes-Prosperity-Investment-Management.html