Digest March 2nd

Advisory Team Moves from Wells Fargo to LPL Financial

Financial advisors Jeffrey J. Wilson, CFP®, and Michael Sadowski, CFP® of Wilson Peak Wealth Management — managing roughly $150 million in advisory, brokerage, and retirement plan assets — have joined LPL Financial’s broker‑dealer and RIA platform while leveraging the Private Advisor Group infrastructure. The move reflects a continued trend of experienced advisors leaving large wirehouses for greater autonomy and practice control.
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BNY Pershing Launching an RIA Referral Program

BNY Pershing is preparing to introduce a registered investment advisor (RIA) referral program, entering a space historically dominated by custodians like Charles Schwab and Fidelity. The BNY Advisor Match Service aims to connect advisors with potential clients, creating a new channel for organic growth — though industry commentators note it will differ from existing referral offerings.
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Janus Henderson Acquires Richard Bernstein Advisors

Janus Henderson Group has entered a definitive agreement to acquire Richard Bernstein Advisors (RBA), a macro‑focused investment manager overseeing about $20 billion in client assets, to strengthen its model portfolio and separately managed account (SMA) capabilities. The acquisition is expected to close in Q2 2026 and positions Janus Henderson among the top model portfolio providers in North America, expanding solutions available to advisors and their clients.
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