LPL Lures $705M Merrill Lynch Team to Private Wealth Mode

After 17 years with Merrill, Oklahoma City-based advisors Alain Verhille and James S. Wood are launching Auctus Legacy Private Wealth Management under LPL’s employee model for high-net-worth-focused advisors.

Oklahoma City-based advisors Alain Verhille and James S. Wood have left Merrill Lynch to join LPL Financial’s affiliation model for high-net-worth-focused advisors, LPL Private Wealth Management. The advisors are launching Auctus Legacy Private Wealth Management, with $705 million in total assets.

Prior to joining LPL, Verhille and Wood spent 17 years at Merrill Lynch, serving primarily HNW clients. They’re joined by licensed Certified Senior Advisors Erikka Moore and Kathy Isernhagen.