{"id":437411,"date":"2026-05-20T22:56:11","date_gmt":"2026-05-20T22:56:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/437411\/"},"modified":"2026-05-20T22:56:11","modified_gmt":"2026-05-20T22:56:11","slug":"lpl-financial-recruits-1b-team-from-ameriprise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/437411\/","title":{"rendered":"LPL Financial Recruits $1B Team From Ameriprise"},"content":{"rendered":"

LPL Financial has recruited a $1 billion Central Florida-based team from Ameriprise.<\/p>\n

Cebert Wealth Advisors is based in The Villages, one of the country\u2019s largest retirement communities. The team includes founder and president Dale Cebert, as well as Alec Thomas, Catherine Harris, Tom Romanac, Stephen Peterson, David DeSantis and Mark Dickerson, working with more than 1,700 clients.<\/p>\n

Cebert first registered in the industry in 1998 at Conseco Financial Services, with multi-year stints at Securities America, National Planning Corporation, Morgan Stanley and FSC Securities before joining Ameriprise in 2018. According to Cebert, the team helps clients navigate retirement transitions with \u201csustainable income, long-term financial freedom and legacy planning.\u201d<\/p>\n

\u201cWe emphasize long-term relationships over transactions,\u201d he said. \u201cMany of our clients introduce their children to our firm, allowing us to support multiple generations within the same family.\u201d<\/p>\n

Related:$850M Ameriprise Team Leaves to Launch RIA With Integrated Partners<\/a><\/p>\n

The advisors are supported by an 11-person support staff that will also be moving to LPL. According to Cebert, joining LPL allowed the firm to stay independent while boosting its resources available to clients, including \u201caccess to broader investment solutions, research and technology.\u201d<\/p>\n

Last month,\u00a0LPL revealed it would acquire Mariner Advisor Network<\/a>, a division of Mariner with 367 advisors and $31 billion in assets that was already affiliated with LPL. As part of the deal, Private Advisor Group (an RIA and LPL office of supervisory jurisdiction) would acquire the hybrid business.<\/p>\n

Additionally, Ameriprise\u2019s 2024 lawsuit against LPL Financial has continued apace. Ameriprise originally accused the IBD of directing recruits leaving Ameriprise for LPL to take client information, in a \u201cwidespread\u201d misuse of client information (in turn, LPL accused Ameriprise of \u201cremarkable hypocrisy\u201d).<\/p>\n

Ameriprise argued that the advisors who left should have their personal devices reviewed for allegedly stolen client data, and LPL and Ameriprise purportedly agreed to have a third-party forensic examiner investigate the claims. However, some of the impacted advisors objected, arguing they weren\u2019t party to the agreement.<\/p>\n

Earlier this month, a federal judge affirmed that the advisors at the center of the dispute did not have to submit their devices for the forensic review, arguing that arbitration hearings focused on the accusations are scheduled for October, making the need to \u201cpreserve the status quo\u201d through the data search moot.<\/p>\n

Additionally, both\u00a0LPL<\/a>\u00a0and\u00a0Ameriprise<\/a>\u00a0have disclosed data breaches to regulators in the state of Maine in recent months, with LPL alleging that cybercriminals accessed advisors\u2019 devices via \u201cmalware distributed through phishing messages.\u201d<\/p>\n

Related:Edward Jones Posts Asset-Based Fee Gains, But Costs Tick Up<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"LPL Financial has recruited a $1 billion Central Florida-based team from Ameriprise. Cebert Wealth Advisors is based in…\n","protected":false},"author":2,"featured_media":437412,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":["post-437411","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/437411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=437411"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/437411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/437412"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=437411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=437411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=437411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}