$900M Kansas Trio Joins LPL from Raymond James$900M Kansas Trio Joins LPL from Raymond James

A trio of Kansas-based advisors managing about $900 million in client assets is joining LPL Financial from Raymond James' independent channel.

Shane Prill, Vance Garwood and his brother Grant Garwood are creating Prill | Garwood Financial Advisors, rebranding from S.J. Prill Financial & Investment Planning. The team will be based out of Wichita, Kan., and office staff Janna McConnaughhay, Deb Kelly, Luke Prill and Taylor Phillips will also join LPL.

Prill began his career in the industry in 1986 at Edward Jones before registering with Raymond James in 1991, where he stayed before this week’s move to LPL. Vance and Grant Garwood joined the firm in 2008 and 2019, respectively. 

According to FINRA records, Vance spent three years at Waddell & Reed before joining Prill, while Grant previously worked at Ameriprise.

According to Prill, the business had grown “substantially” over time, and affiliating with LPL struck the team as the best way to continue offering the same level of service to a growing client pool while benefiting from LPL’s technology and strategic business resources.

LPL has consistently added new advisors, even amid the firm's sudden firing of former CEO Dan Arnold for cause last fall. The Board elevated Chief Growth Officer Rich Steinmeier to CEO, and the firm’s total net new assets in its fourth quarter beat analysts’ estimates.

The independent broker/dealer is also involved in several ongoing lawsuits with Ameriprise over advisors who left the latter firm for LPL. Last week, Ameriprise accused LPL of aiding several former employees in stealing confidential client information. 

LPL fired back with its own response, accusing Ameriprise of “chasing headlines, not a genuine resolution of purported legal issues,” according to a court filing submitted last Friday.