Dustin Mac Brown, a Scottsdale, Ariz.-based financial advisor who had been serving some $190 million in advisory and brokerage plan assets at Cetera Advisors, has moved to LPL Financial’s broker-dealer, RIA and custodial platforms, LPL announced yesterday.

Brown launched his firm, DM Brown Financial Services, in 2017, according to his LinkedIn Page. Before that, he had been a financial advisor with Edward Jones since 2005.

“Dustin is a financial strategist with a passion for financial education and a reputation for going the extra mile for his clients to help them work toward their needs, wants and wishes,” said LPL in its prepared statement. “Nicknamed ‘The Professor’ for his perchance for prolonged answers, he can be found on YouTube with a dry erase board and marker explaining market conditions and breaking down complex financial issues.” 

Also at DM Brown are client services associates Dana Niedzwiecki, Tom Martinet and Paige Melzer, LPL said. 

“I spent the first decade of my career as an employee and the second decade as an independent advisor, working directly for the client,” Brown said in a statement. “As I approach my third decade, it’s very important to have mature, integrated systems that provide the premium customer experience that our clients deserve. That’s why as a group, the team has decided to migrate over to LPL’s environment. We are excited about the innovative resources and integrated systems available at LPL, and we believe this will allow us to provide enhanced services for our clients.” 

Scott Posner, LPL’s executive vice president of business development, added, “We welcome Dustin to the LPL community and are honored he chose to partner with LPL as he seeks new ways to build his perfect practice.”

LPL is known as a voracious acquirer. In its fourth quarter earnings report, the company said it had boosted its advisor head count to 21,275, an increase of 231 from the third quarter and an increase of almost 1,400 from the end of 2021. However, CEO Dan Arnold said during the fourth quarter earnings call that there’s been a slowdown in advisor migration.

The firm’s next earnings call is scheduled for Thursday.