An $800 million AUM hybrid advisor team from Arizona has joined LPL Financial’s broker-dealer, RIA and custodial platforms, the company announced today.
Peoria, Ariz.-based Validus Financial Associates, led by founders and senior partners Ryan Kidd and Aaron Montez, will join LPL from Lincoln Financial Group.
“It’s an honor to welcome Ryan, Aaron and the entire Validus team to the LPL community,” said Scott Posner, LPL’s executive vice president for business development, in released comments. “Our sole focus is to empower advisors by providing them with differentiated resources and capabilities to deliver more value to clients and run thriving businesses. We look forward to the journey ahead with Validus Financial Associates as they build their ideal practice.”
Kidd and Montez will be joined by partner Andy St. John, advisors Andrew Peronia, Andrew Tuell, Marcus Luckeneder, Sean Guill and Kurt Oswald, along with four of their support staff members.
The Validus Financial leaders found LPL to be a good fit for their hands-on approach to portfolio construction and investment management, as well as their desire to operate as fiduciaries.
“As an industry leader, LPL has the size and scale to create enhanced experiences for our clients, especially in terms of technology capabilities,” Kidd said in a released statement. “LPL provides access to a wide range of integrated digital tools that will enable us to work smarter, in turn giving us more time to focus on clients. Also, the end-user technology will give our clients more features and abilities, including an app and single sign-on, with a more modern look and feel.”