LPL Adds $1B Team to Employee Advisor Channel

LPL Financial has recruited a three-person advisor team from Fifth Third Private Bank that served over $1 billion in advisory and retirement plan assets.

Raanan Pritzker, Brian Brenneman and Neal Foushee joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch PB FAM Private Wealth in Atlanta, LPL said Monday.

Pritzker, who has more than 25 years of financial services experience, serves as managing director of PB FAM, which LPL identified as a “concierge” wealth management firm.

Brenneman, who also has over 25 years in the industry working as a portfolio manager, started working with Pritzker in 2011 and now manages the investment portfolio strategy for the team.

Foushee served in the U.S. Air Force before entering the financial services industry in 2004. He joined Pritzker and Brenneman in 2017 and was a trust officer and wealth advisor with his prior firm. Foushee now heads the practice management side of the enterprise, according to LPL.

PB FAM works mainly with ultra-high-net-worth individuals, multigenerational families and business owners, Pritzker said.