What You Have to Know
- Atria Wealth Options employed {industry} veteran Invoice Morrissey to function head of its impartial channel, a brand new position.
- The channel has roughly 1,500 advisors.
- The agency plans to proceed a technique of considerate development, not simply development for development’s sake, CEO Doug Ketterer says.
Atria Wealth Options has employed LPL Monetary veteran Invoice Morrissey to function head of its impartial channel, a newly created position on the agency, which has each a broker-dealer and registered funding advisor.
The addition represents the “subsequent stage” of its development technique and was “designed to additional develop and advance the agency’s speedy development within the impartial wealth administration house,” the corporate stated Tuesday.
Morrissey, who was with LPL Monetary for 14 years (from 2004 to 2018) and served as managing director and divisional president from 2016 to 2018, now studies on to Doug Ketterer, Atria CEO and founding associate.
Morrissey beforehand had a number of senior government, board and advisory roles with wealth administration corporations, together with Constancy Investments and Merrill Lynch, and wealth-tech corporations. He most just lately was head of wealth administration at Guardian Life Insurance coverage.
“When Atria provided me this new position, it actually struck me as a possibility to each lead a fast-growing phase of an industry-leading agency, in addition to play a giant position within the agency’s evolution,” Morrissey informed ThinkAdvisor in a cellphone interview on Monday.
“Over the course of my profession, I feel I’ve developed a set of competencies that I can leverage to assist advisors develop their enterprise and do a greater job or do an ideal job supporting the wants of their purchasers,” he added.
Atria’s employees now consists of practically 2,500 advisors and brokers; about 60% are within the impartial channel and 40% within the monetary establishment division, in response to Ketterer. General, they work with $100 billion of belongings underneath administration.
The agency’s items embrace Cadaret, Grant & Co., NEXT Monetary Group, Western Worldwide Securities, SCF Securities, CUSO Monetary Providers and Sorrento Pacific Monetary. Atria was just lately acknowledged by ThinkAdvisor as a 2022 LUMINARIES winner in government management.
Atria’s Development Technique
“If you concentrate on all nice profitable corporations, they evolve, and Atria isn’t any totally different,” Ketterer stated in the course of the interview.
