A squad of former LPL recruiters has decided to practice what they preach and start an independent practice.
Scott Collins, Scott Miller, and Scott Montgomery have teamed up to create FirstPoint Partners, a San Diego-based industry recruiting firm designed to help advisors go independent.
Collins and Miller started their careers as advisors at Merrill, then became recruiting execs at LPL.
Montgomery is also from LPL, but previously spent time as a wholesaler as well as an advisor.
Between them, they estimate that they moved about $750 million in annual production to LPL.
Now, they're targeting advisors who generate around $500,000 to $1 million a year.
While they will help take wirehouse reps all the way to an independent RIA, they seem intrigued with the wealth of new "hybrid" approaches out there.