LPL Adds $400M NYC Team to Linsco Channel

An New York City-based advisory group with approximately $400M in advisory, brokerage, and retirement plan assets, has joined LPL Financial’s employee advisor channel Linsco to launch 57th Street Wealth Advisors, according to a September 24 press release.

Joining from Wedbush Securities, 57th Street Wealth Advisors is led by Managing Directors and Co-Founders Ken Hutkin and Ron Winkler, supported by wealth associates E. Nathan Wild and Noah Hutkin, and client service associate Margie Santiago. Both Hutkin and Winkler served as managing directors in Wedbush and bring nearly 70 years of combined experience in the financial services industry. The team will operate the first Linsco office in New York.

LPL is the largest independent broker-dealer in the US and manages approximately $1.4T in advisory and brokerage assets, according to Dakota data.

View the press release here.