Nov 26 Royal Alliance Associates, the New
York-based independent broker-dealer owned by American
International Group Inc, has expanded its adviser pool
with two veteran teams in California and Pennsylvania.
The teams, which managed a combined $555 million in client
assets at their old firms, joined Royal Alliance from LPL
Financial Holdings Inc and National Planning Corp.
"Our pipeline remains fairly full going into 2013," said
Kevin Beard, senior vice president of recruiting at Royal
Alliance, in an interview on Monday.
Beard said the bulk of the firm's new recruits have come
from other independent firms and smaller regional
"These are groups that are looking for a boutique-based
culture and access to senior management," he said.
In California, advisers Angelo Talebi and Artin Bandari
moved to Royal Alliance in mid-November from LPL Financial,
where they managed $230 million in client assets. The advisers
joined Royal Alliance in Beverly Hills.
In Pennsylvania, advisers Matthew Hanshaw, Taylor Ranker,
Alfred Varano and Steven Spong moved to Royal Alliance from
National Planning Corp, where they managed $325 million in
client assets. They are based in Harrisburg.
Royal Alliance Associates is part of the AIG-owned Advisor
Group network, which also includes FSC Securities Corp and
SagePoint Financial Inc.