A Wells Fargo advisory team has returned to LPL Financial after almost a decade. The Pasadena, Calif., group is headed to LPL Financial’s broker-dealer, corporate registered investment advisor and custodial platforms, according to a news release.

Floe Financial Partners is headed by financial advisors Robert Floe and Marjan Neyestani Khazra, who managed about $345 million in advisory, brokerage and retirement plan assets at Wells Fargo, which they joined in 2012 after leaving LPL.

Floe and Khazra are joined by directors Chase Edwards and Anthony Minero, along with support staff Leslie Salazar, Victoria Ditmer, Samuel Kempner and Nicolas Saltz.

The group at Floe Financial Partners has been providing wealth management and financial planning to individuals, families, charities and corporations since 1987. The firm provides “independent financial management and advice in investment planning, risk management, retirement planning, college funding and estate conservation,” the release noted.

Floe began his career in 1987 with American Express Financial Advisors Inc., according to BrokerCheck. He moved to LPL in 1994 and then to Wells Fargo in 2012. Khazra had a somewhat similar path, starting her career in 1992 with IDS Life Insurance Company and American Express Financial Advisors. She joined LPL in 1996 and moved to Wells Fargo in 2012.  

In searching for a new partner, the team interviewed 18 firms before deciding to return to LPL, the release noted. “What resonated with us was seeing how much LPL has evolved over the years, as well as their commitment to investing back into the business. LPL is planning for the future with such innovative technology and digital capabilities,” Floe said in a statement. “The relationships we’ve built with our clients span years—some even decades—so it was important to align with a firm that will support them, both now and for generations to come,” he added.

Scott Posner, LPL's executive vice president of business development, said the firm is thrilled to welcome back Floe Financial Partners. “What really stands out about this group is how dedicated they are to giving back to the community—from volunteerism to charitable donations—and providing clients with a one-of-a-kind service. We’re honored that Robert, Marjan and team recognized our capabilities, including our marketing and admin solutions, and chose us to help them continue building their practice.”