A Texas-based father-son team has aligned with Happy Investment Services to join LPL Financial’s broker-dealer, corporate registered investment advisor and custodial platforms, LPL has announced.
Jess Murphy and Nathan Murphy, who join from Cadaret, Grant & Co., managed about $200 million in brokerage and advisory assets, the release said.
The release noted that Jess Murphy founded Murphy Financial Advisors in 1983 to provide comprehensive wealth management and financial planning to high-net-worth individuals, successful professionals and retirees. His son, Nathan Murphy, joined the family business in 2009 after gaining industry as a 401(k) advisor for the BSA Health Systems in Amarillo, Texas. The team also includes financial professional Ryan Collins and a three-member office support staff.
Jess Murphy said the team has been impressed with LPL’s innovative capabilities and transition assistance. “LPL’s technology is already exceeding expectations and will help us conduct business more efficiently, freeing up more time to spend building relationships and serving our clients,” he said.
Nathan Murphy said they saw Happy Investment Services as an opportunity to expand their network, reach new clients and broaden the team. He also noted that the investment team’s core values and commitment to giving back to the community align with theirs.
Mikel Williamson, CEO of Happy State Bank, said, they are excited to have the Murphys and their team join the Happy Investment Services family. “They are a perfect cultural fit, having family values that align with ours. They bring a heightened level of experience to Happy Investment Services and including the ability to offer their services into Oklahoma. We look forward to great things ahead,” he said.
LPL Financial is headquartered in Fort Mill, S.C., San Diego and Boston, and is the nation’s largest independent broker-dealer.