Home Wealth Management LPL Picks Up 18-Advisor Group From Advisor Group

LPL Picks Up 18-Advisor Group From Advisor Group

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LPL Picks Up 18-Advisor Group From Advisor Group

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LPL Monetary has recruited Strategic Companions, a Parsons, Kan.-based apply with 18 advisors and roughly $830 million in advisory, brokerage and retirement plan property. The apply additionally has $600 million in fastened life insurance coverage and annuity property. The staff joins from Royal Alliance, certainly one of Advisor Group’s dealer/sellers.

The Strategic Companions staff has aligned with Nationwide Monetary Alliance, a San Antonio, Texas-based workplace of supervisory jurisdiction of LPL. The agency was based by proprietor and President Chris Lubbers, who was born and raised in Parsons, in 1994, whereas he was nonetheless attending school.

“Our advisors every have a novel specialty and area of interest, all centered on complete monetary planning, and our purpose is to attach them with specialists to assist elevate their providers,” Lubbers stated in a press release. “That features our superior planning division, a 401(okay) staff and our personal insurance coverage sources, in addition to these from our new companions at Nationwide Monetary Alliance and LPL.”

Lubbers stated he and his agency have been drawn to LPL and NFA for his or her expertise, operational efficiencies and development alternatives.

“I’m all about effectivity and that’s the place LPL shines,” he stated. “The agency has invested closely in its expertise platform, creating environment friendly processes and enhanced options that may assist our advisors present higher providers. Shoppers can have simpler entry to reporting and account info, multi function place to present them a deeper understanding of their monetary image.”

He additionally stated the transfer will assist his agency recruit extra advisors.

LPL lately introduced that an Orland, Park, Unwell.–based mostly advisory staff with about $285 million in shopper property joined Monetary Sources Group Funding Companies, a department workplace of LPL in Fort Mill, S.C., that works with about 800 advisors and 85 banks and credit score unions throughout the nation. The staff, which has rebranded as Harbor Lighthouse Wealth Administration, represented the primary massive win for Monetary Sources Group since LPL introduced plans to purchase the department workplace in November. That deal will mark the primary time LPL has bought certainly one of its personal branches.

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