The move is a reminder of how the fee-based nature of wealth management, among other factors, is causing many banks who are “repositioning for growth” to view the sector as a compelling business line - see more here. 

Headquartered in Plano, TX, Level Four now operates as a division of Carr, Riggs & Ingram. It provides asset management, retirement planning, individual financial advisory services and business/corporate advisory services.

Level Four manages over $1 billion in assets, with 80 investment advisors.

The financial consultants of Level Four are registered representatives with LPL Financial, the US independent broker-dealer. 

The CRI-Level Four integration will begin with existing markets containing and then Level Four will begin “aggressively” hiring advisors throughout the remaining CRI markets.