Pettinelli Financial Partners is the latest of several firms leaving Osaic this month.

The RIA has brought on Gün Keresteci, former global head of finance at McKinsey.

The $1.5 billion firm launched its 1099 platform earlier this month after months of preparation. WhiteCliff Wealth Management CEO Robert Seiden is the first advisor to come on board.

Klein recently also joined wealthtech startup Fynancial as a strategic advisor.

The Advisor Sentiment Index, relaunched in January, suggests financial advisors are much more optimistic about the state of the stock market than they are about the broader economy—though most expect the economy to catch up over the next year.

Cubby Bice called the situation at Osaic broker/dealer SagePoint Financial “untenable,” leading to his decision to join LPL.

Currently with another small RIA in San Diego County, federal filings indicate the team intends to offer asset-based, fixed-fee and hourly services.

Global X is currently the 13th largest ETF issuer in the US by asset size, with about $43 billion across its suite of thematic funds.