Level Four Group, an advisor firm with about $1 billion under management, has affiliated with the LPL Financial LLC broker-dealer platform, company officials said today.
The firm, based in Plano, Texas, will also use LPL Financial's RIA platform as its principal custodian through its independent registered investment advisory firm, Level Four Advisory Services LLC. The firm previously used the platform of Lincoln Financial.
Level Four Group provides business development and support services for financial professionals, as well as wealth management and risk management services. As part of the affiliation Level Four Group is transitioning approximately 50 licensed independent financial advisors.
Launched in 2000 to provide business development and consulting services to accounting firms and independent CPAs, Level Four Group employs 25 full-time, independent financial investment advisors and 25 accounting firms and independent CPAs. It operates four retail offices: two in the Dallas-Fort Worth area, and offices in Austin, Texas, and Irvine, Calif.
A wholly owned subsidiary of LPL Financial Holdings Inc., LPL is the nation's largest independent broker-dealer.
-Jim McConville