Portfolio Manager Barry Gilbert Leaves LPL for Carson Group

News July 20, 2023 at 02:08 PM
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Carson Group has hired LPL Financial veteran Barry Gilbert as its new vice president, asset allocation strategist, a role he started last week.

Gilbert joins three other LPL veterans who made similar moves last year. Gilbert spent 10 years at LPL, the last five as an asset allocation strategist.

"Ron Carson, Burt White, and the whole Carson team are doing something very special and I'm thrilled to have the opportunity to be a part of it. No firm in the industry is as committed to putting advisors in a position to help clients find their freedom," Gilbert said in a statement.

"I've been so impressed with the thoughtfulness and depth of this investment research team, including some of the very best talent I had the privilege to work with at LPL," Gilbert said. "They do some of the best work out there but find a way to make it understandable, engaging, useful, and when it fits the moment, fun. Isn't that what it's all about?"

Ryan Detrick joined Carson Group as chief market strategist a year ago after leaving LPL, where he held the same title.

"I worked with Barry for six years. He is a first-rate portfolio manager and allocation strategist, but what sets him apart is he understands it is all about supporting our advisors," Detrick said in a statement to ThinkAdvisor. "His ability to listen to what they want and not tell them what they need is what has me so excited he is part of our team.

"We are on a mission to build the most trusted and respected investment research team out there. Adding talent like Barry will only help us as we continue to grow and manage more assets."

Burt White, former LPL chief investment officer, became Carson Group's chief strategy officer and a managing partner earlier last year. Seven months earlier, LPL had said White would retire from the firm.

Joey Guidry, creative director of investment research at Carson Group, also joined the firm last July after more than 11 years at LPL.

In a post on LinkedIn, Gilbert noted he'd had the second-longest tenure in LPL research and added that "if someone were to ask me why I had stayed the answer would be easy: the people. Of course, my colleagues in Research, but also the great partners I've worked with throughout LPL, and, of course, all the outstanding advisors I've had the privilege to work with over the years.

"I'm not the first to share that LPL Research has taken a definitive shift toward a more institutional look and feel. I think it's the right move given LPL's rapid growth. An institutional approach can win in our industry, but in my view, only if it's accompanied by heart, empathy and even a sense of humor," he explained.

Asked to comment on Gilbert's departure, the independent broker-dealer said in statement: "We wish the best to Barry and appreciate the many contributions he's made during his tenure with LPL."

Pictured: Barry Gilbert

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