The team, which has created Thimble Island Private Wealth, joins from Janney Montgomery Scott.

Thomas Hofstetter and Daniel Baron will join the Ohio-based DayMark, a Dynasty Financial Partners member firm managing about $2.5 billion in assets.

This is Wealth Enhancement Group’s fourth transaction this year and its 18th location in California.

The planning provider has seen significant demand from advisors, contributing to the rollout of RightRisk.

The two Lincoln firms will join the broker/dealer as stand-alone entities before being converted in the coming months, according to Osaic, which is also still rolling in the Advisor Group legacy b/ds.

Adam Birenbaum, currently chairman and CEO of Buckingham, will become the combined company’s new CEO.

According to the settlement letter, third parties used the firm’s cash management brokerage account to withdraw funds from accounts they’d illegally accessed at other financial institutions.

While the lack or breach of trust is its kryptonite.