LPL adds $500m ex-First Republic team to breakaway channel (2024)

IAN WENIK, CITYWIRE RIA

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By Payton Guion

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Two longtime friends who together managed $500m in client assets at First Republic Bank — and then JP Morgan — have launchedtheir ownpractice through LPL Financial’s Strategic Wealth Services division, LPL announced Tuesday.

Tim Woodall and Dustin Raring, based in Newport Beach, Calif., have formed Highway One Capital, named after the legendary coastal route running from Mendocino County to Orange County.

Woodall and Raring teamed up in 2012, while both were at UBS, and primarily serve business owners and high net worth multigenerational families, according to LPL. The pair are joined by client support staffer Taylor Ford.

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LPL adds $500m ex-First Republic team to breakaway channel (2024)

IAN WENIK, CITYWIRE RIA

Editor’s Picks

Tim Woodall and Dustin Raring have launched Highway One Capital.

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Leave a comment

Tom Russell and his two sons will launch Russell Wealth Partners through LPL's W-2 affiliation model, Linsco.

IAN WENIK, CITYWIRE RIA

Editor’s Picks

Get the latest news in your inbox

Opinion & Analysis

Team-based practices produced an average of $21m in net asset inflows in 2023, compared to $8m on average for solo practices, according to Cerulli.

Better Business

Client surveys and regular meetings with advisors are two ways to build a consistent client experience, Wealth Enhancement Group chief executive Jeff Dekko and Summit Financial chief executive Stan Gregor said at Goldman Sachs' inaugural RIA conference.

Connect

Another selection of the best pictures from Citywire RIA's CIO Summit in Austin, Texas.

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David Stevenson is unconvinced that we are in the brink of a commodity bull market, but acknowledges that there are better ETFs than ever for those that believe.

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The new fund would invest in a broad array of markets and strategies.

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DUE DILIGENCE REPORTS