Osaic recruits ICG next's $2.3 billion New Jersey team from LPL
The team is led by managing partner James A. Costabile and includes about 21 financial advisors.
At a glance
Osaic said Tuesday morning that ICG next, a New Jersey-based advisory team with $2.3 billion in client assets, is joining the firm from LPL Financial.
The team is led by managing partner James A. Costabile and includes about 21 financial advisors plus client service and operations staff, InvestmentNews reported.
ICG next has nearly tripled in size since 2019 and plans to keep growing through organic growth, advisor recruiting and acquisitions, according to a release on the move.
Osaic said Tuesday morning that ICG next, a New Jersey-based advisory team with $2.3 billion in client assets, is joining the firm from LPL Financial.
The team is led by managing partner James A. Costabile and includes about 21 financial advisors plus client service and operations staff, InvestmentNews reported.
ICG next has nearly tripled in size since 2019 and plans to keep growing through organic growth, advisor recruiting and acquisitions, according to a release on the move.
Costabile said the team wanted "a partner that understood what makes ICG next distinctive while giving us the scale and support to reach our strategic objectives."
LPL has also recruited large teams from competitors. Records dated Oct. 6 showed Praxis Financial Partners' $1.1 billion team joining LPL from Wells Fargo FiNet, part of a week in which this publication tracked $34.4 billion in team assets on the move.
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