The Financial Advocacy Network (FAN) has joined LPL Financial's broker-dealer and RIA custodial platform.
FAN provides compliance supervision services, as well as back- and middle-office support to independent fee- and commission-based financial advisory practices.
Financial advisor Chris Cox, along with his wife, Amy Fernicola Williard, and Marty Sullens co-founded the network. Williard serves as compliance officer and Sullens is the head of business development.
Based in the Washington, D.C. area, FAN supports four independent financial advisory practices with a total of approximately $450 million in client assets. The advisory practices include: The Monitor Group, of Rockville, Md., of which Cox is also a principal financial advisor; Wenger Financial Services, of Newport News, Va.; Legacy Wealth Management, of Mt. Pleasant, S.C.; and Newcorp Wealth Strategies, of Atlanta, Ga.
All four affiliated practices conduct their fee-based advisory business through Maryland Financial Group, an RIA owned by FAN.
In addition, FAN seeks to create a network for sharing ideas, best practices and business growth opportunities among its members, as well as provide its member practices with support in areas such as training, recruiting and succession planning.