Pilot Financial, a large network of 105 advisors with $4.6 billion in assets under management, has moved its advisory and brokerage business to LPL Financial from Lincoln Financial. This follows the sale of Lincoln's $115 billion wealth business to Osaic, who closed earlier this month.

Pilot, based in Greensboro, NC, was founded in 2001 through a series of mergers and has been associated with Lincoln ever since. Partners Chris Roney, Greg Smith, Daryl E. King and Bill Harnden lead the firm, which will operate as an office of LPL's supervisory jurisdiction.

The team drew on LPL's strategic business resources, marketing capabilities and customer service. They also believe the relationship with LPL will help attract new advisors to the firm.

“We are looking to grow our like-minded network and believe working with LPL puts us on a better trajectory to attract like-minded, quality advisors to Pilot Financial,” Smith said in a statement. “This industry is built on relationships and we have a great culture here where we wrap our arms around every single advisor in the Pilot family to support them and make it easier to do business. This move is the next step in that commitment to their success.”

Earlier this week, LPL added advisers based in Oklahoma City Alain Verhille and James S. Wood in its affiliate model for advisors focused on high net worth, LPL Private Wealth Management. The advisers, who were joined by Merrill Lynch, are launching Auctus Legacy Private Wealth Management, with $705 million in total assets.