A pair of advisors from the Twin Cities has joined LPL Financial’s broker-dealer and corporate registered investment advisor custodial platforms, according to a release from LPL.
Kris Staples and Trevor Johnson of Staples Financial serve about $150 million in brokerage and advisory assets, according to the release. They were previously with First Allied Securities, part of the Cetera network of broker-dealers.
Staples Financial, based in Inver Grove Heights, Minn., was founded 45 years ago by Staples’ father, Art. Kris Staples began his career in 2000 under his father’s mentorship and Johnson joined the business in 2008 as Art Staples began to transition into retirement, the release said. They are assisted by longtime office manager Rachael Johnson.
The firm’s clients predominantly come from the electrical industry, although they also serve several business owners, executives, and high-net-worth families.
Staples said the pandemic forced them to look for ways to be better and LPL Financial was the answer. He said they were drawn to the firm’s robust technology. “The integrated platform within the ClientWorks digital ecosystem, along with the rapid response of the support teams, will allow us to execute on our promises no matter the outside uncertainty,” he said.
Rich Steinmeier, LPL Financial managing director and divisional president of business development, said, “We look forward to supporting the Staples Financial team and the meaningful work they do for their clients for years to come.”
LPL Financial, headquartered in Fort Mill, S.C., San Diego and Boston, is the nation’s largest independent broker-dealer.