LPL Financial LLC has added independent firm Delaware Valley Financial Group (DVFG) to its broker-dealer and corporate RIA platform, company officials said.
As part of the arrangement, 24 DVFG-affiliated licensed advisors will move their securities registrations to LPL Financial. Based in King of Prussia, Pa., DVFG supports nearly $500 million in client assets and specializes in financial advisory, life insurance, annuities, group benefits, qualified plans, property and casualty insurance and access to residential/commercial lending.
The addition of DVFG comes on the heels of LPL's affiliations with Kearney, Neb.-based Advantage Financial Group and Birmingham, Ala.-based Bridgeworth Financial.
LPL Financial offers integrated technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,100 financial advisors and approximately 685 financial institutions. It also supports more than 4,500 financial advisors licensed with insurance companies providing customized clearing, advisory platforms and technology solutions.