lpl financial just snagged its third team of advisors from wells fargo advisors for its employee advisor business the firm said monday that financial advisors al winget rob benton and andrew robson have affiliated with lpl’s linsco division in charlotte together they oversaw about 745 million in advisory brokerage and retirement plan assets according to a press release this is the second biggest team to join linsco since lpl’s august 2019 acquisition of allen  co according to a spokeswoman allen  co had 33 advisors and oversaw 3 billion at the time it joined lpl she says lpl has been attracting advisors from a number of its competitors as it builds bulk and wells fargo has been a repeat target this is the third team that has defected from wells to join lpl’s employee advisor business according to the lpl spokeswoman dennis durocher joined the company in april and advisors tracy applewhite and sean tyll signed on in august meanwhile lpl’s strategic wealth services unit a breakaway solution that helps advisors go independent has snagged 10 teams to date from wells fargo the spokeswoman says the firm took eight teams from wells fargo advisors and two independent teams from wells fargo advisors financial network she says defections continue wells fargo had 12552 advisors at the end of september according to its thirdquarter earnings release that’s down from 12819 at the end of june and also a decline from 13793 in the yearearlier third quarter a wells fargo spokesman declined to comment the new hires come as lpl has been building its advisory and brokerage business in the third quarter alone it acquired net new assets of 23 billion according to its quarterly earnings release its advisor count was 19627 up 513 sequentially and 2459 yearoveryear this included the addition of about 280 associate advisors that lpl onboarded through its acquisition of waddell  reed’s wealth management business “we were looking for more freedom to run our business on our own terms in the best interests of our clients lpl stood out as an industry leader giving us the independence we craved along with open architecture to build personalized plans in a costeffective way” robson said in a press release he also noted that the move to lpl could be a precursor for a transition to a full ria down the road “we looked at several models over the span of two years and nothing compared to linsco” benton said in a press release