$8.2 Million ~ UBS Team Goes Indie

ADVISOR HUB | June 15, 2021 | Jake Martin

$8.2 Million UBS Team Goes Indie with LPL Affiliate, Gladstone Wealth…

He writes: (Updated with comments from John E. Klaas)

Gladstone Wealth Partners, an investment advisory firm affiliated with LPL Financial, has lured a 10-person team producing $8.2 million in annual revenue in the Chicago suburbs from UBS Wealth Management USA…Led by John E. Klaas and David J. Millington, who ranked 53rd and 60th, respectively, on Forbes’ 2021 list of “Best-In-State” wealth advisors, the newly-launched independent practice is located in Schaumburg, Illinois, according to a Tuesday announcement from LPL.. . .

. . . The team, which is now calling itself Puzzle Wealth Solutions, previously worked from a UBS office in nearby Barrington, and moved to LPL and Gladstone on Friday, according to registration records. They had managed about $1.2 billion in assets for nearly 400 clients, LPL’s announcement said. Read Article