LPL Financial has confirmed that financial advisors with Atlas Private Wealth Advisors have transitioned to the LPL Financial broker-dealer platform.
As part of this move, Atlas Private Wealth Advisors has partnered with an independent RIA group Flagship Harbor Advisors for its fee-based advisory services.
As of 1 December 2013, Atlas financial advisors supported brokerage and fee-based client assets totaling approximately US$125 million.
Atlas Private Wealth Advisors is the new name of a team of five professionals led by veteran financial advisors Vladislav Krubich and Tony Mayo. It will be based in Matawan, New Jersey.
Bill Morrissey, executive vice president of business development at LPL Financial, said: "Our goal, as always, is to facilitate the independence of leading financial advisors across the country and enable them to deliver their clients highly customized financial guidance to help them pursue their financial goals."
Messrs Krubich and Mayo, managing principals and founders of Atlas Private Wealth Advisors, said: "Our firm has a deeply rooted commitment to transparency, objectivity, knowledge and service, and we believe that LPL’s product-agnostic orientation and its broad support of a truly independent advisory model will enable us to deliver to the very fullest extent the total value proposition we offer to our clients."