Another Atria Co-Founder Departs LPL

Core Insights - Atria Wealth Solutions' chief growth officer, Kevin Beard, has departed following LPL Financial's acquisition of Atria, which was finalized in October 2022 [1][2] - Beard co-founded Atria in 2017 and was previously involved in acquisition and recruiting strategy at AIG Advisor Group [2] - The reasons behind Beard's departure remain unclear, with speculation about whether it was voluntary or part of layoffs occurring at Atria [3][4] Company Developments - LPL Financial has been reducing Atria's executive team through layoffs, as indicated by WARN notices filed in May for locations in California, Texas, and New York [4][5] - Over the past 18 months, LPL has transitioned over 250 Atria employees into roles within LPL that align with their experience and career goals [5] - Atria has seen a significant turnover in its executive ranks, with several senior executives leaving, particularly in marketing, investment solutions, practice management, and product strategy [5] Regulatory Changes - Several of Atria's broker/dealers, including Grove Point Financial, SCF Securities, Sorrento Pacific Financial, and Western International Securities, have withdrawn their registration from FINRA [6]