Lincoln Financial loses $300 million, 20 reps to ProEquities
August 30, 2017 | Jeff Benjamin | Investment News
After 17 years with Lincoln Financial Securities, Bill Pickering has decided his $300 million-plus wealth management practice will be better served by a new broker-dealer relationship at ProEquities of Birmingham, Ala.
Mr. Pickering, president of First Summit Financial in the Orlando suburb of Sanford, Fla., will bring 20 reps along with him.
Summit Financial’s move was made official to Lincoln Financial at around 5 p.m. Eastern Standard Time on Tuesday. Mr. Pickering’s clients were also notified of the broker-dealer’s move at that time.
