Wells Fargo Advisors has reeled in one other LPL Monetary government to bolster its unbiased Monetary Community unit.
Andrew Harpp, who had been a nationwide gross sales supervisor at LPL, is about to hitch Wells Fargo following a backyard go away, in line with a supply acquainted with the transfer. He’ll report back to Wells Fargo Monetary Community President John Tyres.
A spokesperson for Wells Fargo declined to remark. The supply speculated that Harpp may tackle among the tasks held by Shawn McGinn, who had been head of development at FiNet and resigned in February to hitch startup &Companions.
Harpp, who didn’t instantly return a request for remark, began his profession as a gross sales supervisor at UBS in 2013 and moved to LPL in 2020 as vice chairman of enterprise improvement, in line with his LinkedIn. Along with serving to oversee recruiting, he had over the previous 12 months performed a key position in serving to to retain Commonwealth Monetary brokers.
Harpp is the most recent LPL government to hitch Wells because it expands FiNet. Simply over a 12 months in the past, Wells employed Farhad Firoozi, who ran recruiting in LPL’s Western Division, to guide its recruiting efforts throughout its three channels. Wells not discloses the dimensions of the FiNet unit, which in 2022 had round 1,600 brokers.
Joe Black, LPL’s vice chairman of enterprise technique and development, joined Wells as a enterprise development technique supervisor in June 2025. Each Harpp and Black are based mostly in Charlotte, North Carolina.
As Wells has expanded FiNet, the supply famous that a big a part of its development has been pushed by inside transfers from its personal non-public consumer group and by giant groups becoming a member of from different wirehouses. Its deal with hiring veteran unbiased brokerage execs suggests it’s aiming to rent extra straight from established unbiased corporations akin to LPL, Cetera Monetary and Osaic.
A spokesperson for LPL wished Harpp effectively and famous his accomplishments as a recruiter.
“Andrew has been an impactful contributor to our recruiting success and a well-respected chief and colleague,” the spokesperson mentioned in a press release. “We’re wishing him all one of the best in his new position and recognize the help he’s offering by this transition.”
The unbiased broker-dealer’s head of recruiting, Scott Posner, left in April, and his tasks have been absorbed by different executives.
LPL has been within the midst of a turnaround of its recruiting efforts because it seeks to refocus administration groups engaged on Commonwealth retention again towards exterior hiring. Recruiting and acquisitions have been central to LPL’s rise to grow to be the biggest unbiased broker-dealer with roughly 32,000 affiliated brokers.