JFC Financial Services, including founder Jack Connealy, have joined LPL Financial’s broker-dealer, corporate registered investment advisor and custodian platforms, the companies announced today in a press release.

JFC was formerly with Securities America, part of the Advisor Group network of broker-dealers, where the team managed about $3 billion in brokerage, advisory and retirement plan assets. According to the JFC website, the firm is a full-service office of supervisory jurisdiction (OSJ), which Securities America considered to be a “Super Branch,” based on its size and support capabilities.

Based in Lincoln, Neb., JFC comprises 17 employees among its in-house team of financial professionals, and roughly 100 affiliated financial advisors who also joined LPL in waves beginning in mid-January. 

According to the press release, Connealy launched his independent practice in 1992, gradually building the JFC business by developing a network of financial institutions throughout Nebraska. Over the years, the firm morphed into a large enterprise that includes independent financial professionals, as well as financial institutions.

Seeking to expand the JFC business footprint on a national scale, Connealy said he and his team turned to LPL to leverage the company’s recruiting capabilities. In just the past three months alone, Connealy said, JFC was able to recruit 12 additional advisors to the firm, including six from Advisor Group, thanks to LPL.

He added that JFC was also drawn to LPL for its technology offerings that make it easier to serve JFC clients remotely. That includes Account View, which allows clients to visually track their portfolio, and DocuSign, which allows for a client’s e-signature, eliminating the need to fax or mail documents. 

Founded in 1989, LPL Financial is the nation’s largest independent broker-dealer with headquarters in Ft. Mill, S.C., San Diego and Boston.