LPL adds $500m ex-First Republic team to breakaway channel (2024)

breakaway Jun 11, 2024

Tim Woodall and Dustin Raring have launched Highway One Capital.

LPL adds $500m ex-First Republic team to breakaway channel (1)

By Payton Guion

Twitter Facebook Linkedin WhatsApp >print comments

Two longtime friends who together managed $500m in client assets at First Republic Bank — and then JP Morgan — have launchedtheir ownpractice through LPL Financial’s Strategic Wealth Services division, LPL announced Tuesday.

Tim Woodall and Dustin Raring, based in Newport Beach, Calif., have formed Highway One Capital, named after the legendary coastal route running from Mendocino County to Orange County.

Woodall and Raring teamed up in 2012, while both were at UBS, and primarily serve business owners and high net worth multigenerational families, according to LPL. The pair are joined by client support staffer Taylor Ford.

To continue reading, register for a free Citywire account

By clicking Register you agree to our .
Our privacy policy is available to read at any time here.

To read this article please sign in

Don't have an account?

Twitter Facebook Linkedin WhatsApp >print comments

Related News

LPL adds $705m Oklahoma team to HNW affiliation model LPL adds $4.6bn team from Lincoln LPL reels in $215m San Diego team from Osaic

Show and add comments

Loading...

Leave a comment

Please sign in or register to comment. It is free to register and only takes a minute or two.

Sign in Register

Jun 25, 2024 Story By Ian Wenik

The minority investment was modeled off a trailing 12-month earnings figure of $600m for Fisher Investments, sources said.

executive changes Jun 25, 2024

Ex-Mather Group CEO Jeff Pierce joins $5.5bn Wisconsin RIA

By Andrew Foerch

LPL adds $500m ex-First Republic team to breakaway channel (2)

executive changes Jun 25, 2024

$26bn Wealthspire adds ex-Dynasty exec as first CTO

By Sam Bojarski

LPL adds $500m ex-First Republic team to breakaway channel (3)

executive changes Jun 25, 2024

$7bn Americana Partners starts international division for LatAm clients

By Sam Bojarski

LPL adds $500m ex-First Republic team to breakaway channel (5)

Advisor moves Jun 25, 2024

Ohio-based wealth firms bring $353m to Osaic

By Sam Bojarski

LPL adds $500m ex-First Republic team to breakaway channel (6)

Robo-advisors Jun 24, 2024

Vanguard's advice biz adds short-term planning services

By Andrew Foerch

LPL adds $500m ex-First Republic team to breakaway channel (7)

More Top Stories

LPL adds $500m ex-First Republic team to breakaway channel (8) LPL adds $500m ex-First Republic team to breakaway channel (9)

IAN WENIK, CITYWIRE RIA

Editor’s Picks

Earnings

Revealed: Sanctuary said partner firms generated $166m in revenue in 2023

David DeVoe: PE money challenges RIAs' internal succession plans

Fund manager views

Bill Gross: The king is dead, long live the Fed

Opinion

OPINION: Marketing and technology together make an organic growth supercharger

Compliance

Arete buys hybrid RIA days after owner settled with SEC for over $1m

Get the latest news in your inbox

By clicking Sign up you agree to our .
Our privacy policy is available to read at any time here.

Opinion & Analysis

Practice Management Story By Jake Indursky

Team-based RIAs are growing faster than solo shops: Cerulli

Team-based practices produced an average of $21m in net asset inflows in 2023, compared to $8m on average for solo practices, according to Cerulli.

Fund analysis

The best and worst Real Estate funds
BREIT feels the heat but fund’s flaws are not unique

Opinion

Dave Barton: Succession planning is part of your fiduciary duty

The Gavekal Angle

Should I buy gold? Is China oversold? And more client questions

Fund analysis

Artisan funds find flows in unloved places

Opinion

Private credit interval funds have enjoyed bumper flows. Expect more to come

Read more

Better Business

LPL adds $500m ex-First Republic team to breakaway channel (10)

Practice Management Story By Sam Bojarski

WEG, Summit Financial CEOs: Listen to build a better client experience

Client surveys and regular meetings with advisors are two ways to build a consistent client experience, Wealth Enhancement Group chief executive Jeff Dekko and Summit Financial chief executive Stan Gregor said at Goldman Sachs' inaugural RIA conference.

Practice Management

'This too shall pass': Orion execs share how to guide clients through chaos
Niche of the Week: Entrepreneurs and career changers

Opinion

Passive investing, Marxism and the devil within lifecycle strategies

Financial Planning

Niche of the Week: Veterinarians

From Kitces.com

Kitces.com: How advisors can deploy advanced ChatGPT in their practices

Financial Planning

The median financial planner earned nearly $200k in 2022: CFP Board

Read more

Connect

photo gallery Story By Citywire RIA

Photo gallery: Citywire RIA Austin 2023, day 2

Another selection of the best pictures from Citywire RIA's CIO Summit in Austin, Texas.

photo gallery

Photo gallery: Citywire RIA '50 Growers' award ceremony

photo gallery

Photo Gallery: Citywire RIA Austin 2023, Day 1
Photo Gallery: Citywire RIA Washington 2023, Day 2
Photo Gallery: Citywire RIA Washington 2023, Day 1
Citywire RIA celebrates International Women's Day: Female role models
Citywire RIA celebrates International Women's Day: Decompressing

Read more

ETFS

LPL adds $500m ex-First Republic team to breakaway channel (11)

fund files Story By William Johnson

Fund Files: Fidelity PM to retire, State Street applies for active ETF

Your daily roundup of fund launches, strategy shifts and manager moves.

Fund analysis

Pacer milks COWZ as cash flow ETF doubles AUM in a year

ETF news

Allspring, Principal apply for ETF share class exemption

fund files

Fund Files: Avantis small-cap launch, American Century PM to retire, Victory launches active ETFs

Gatekeeper Views

Touchstone's top gatekeeper eyes ETF expansion, refining international equity lineup

Read more

Private Assets

Alternative Investments Story By Tania Mitra, Eva Thomas

Macquarie, Hanco*ck unveil semi-liquid funds

Macquarie has filed for a tender offer fund focused on energy transition infrastructure. John Hanco*ck has launched a credit-focused offering.

Alternative Investments

Wellington files for multi-strategy interval fund

Gatekeeper Views

RBC's rec list to get a rebrand as top US gatekeeper preps to add active ETFs

Regulation

Federal court strikes down SEC private funds rule

private markets

BREIT meets redemption requests in full despite spike amid SREIT troubles

fund raising

Bill Ackman raises $1bn with 10% sale of Pershing Square Capital

Alternatives

$60bn Mercer Advisors launches alts platform

Read more

Publications

Due Diligence Report 2024

This special report examines the case for investing in small and mid-caps, hearing from managers and fund buyers on where they are finding green shoots.

Discover all publications

LPL adds $500m ex-First Republic team to breakaway channel (2024)

References

Top Articles
Latest Posts
Article information

Author: Pres. Lawanda Wiegand

Last Updated:

Views: 5287

Rating: 4 / 5 (71 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Pres. Lawanda Wiegand

Birthday: 1993-01-10

Address: Suite 391 6963 Ullrich Shore, Bellefort, WI 01350-7893

Phone: +6806610432415

Job: Dynamic Manufacturing Assistant

Hobby: amateur radio, Taekwondo, Wood carving, Parkour, Skateboarding, Running, Rafting

Introduction: My name is Pres. Lawanda Wiegand, I am a inquisitive, helpful, glamorous, cheerful, open, clever, innocent person who loves writing and wants to share my knowledge and understanding with you.