Two fixed income due diligence analysts have departed broker-dealer LPL Financial.
Mike Wallace and Eric Bostic have left the firm for new roles in North Carolina.
Both Wallace and Bostic worked as analysts performing due diligence as part of the manager selection process for LPL’s recommended list and model portfolios.
Both of them also covered mutual funds and separate accounts in the areas of fixed income and liquid real assets.
Wallace left the firm in April to join Medical Mutual Insurance Company of North Carolina as a financial analyst, according to his LinkedIn profile.
Bostic left LPL in March to join Raleigh, North Carolina-based Global Bankers Capital as an analyst, according to his LinkedIn profile.
A spokeswoman from LPL confirmed their departures but declined to comment further.
To find more about how LPL picks managers for its recommended list, read our profile with the broker-dealer's CIO Burt White.