First Citizens Bank, a Mason City, Iowa-based family-owned, community bank that manages about $235 million in brokerage, advisory and retirement plan assets, has joined LPL’s Institution Services platform, according to a news release from LPL today.
The program’s financial professionals were previously affiliated with Cetera Investment Services.
First Citizens Bank’s investment center provides wealth management and brokerage services for bank clients and other members of the community, the release said. The team includes program manager Nicole Rognes Olson; investment executive Holly Miller, who has been with the center for 20 years; financial advisors Michael Castle and Arcon Concepcion; and office support members Carol A. Juhl and Bryan J. Lathrop.
Miller said aligning with LPL will provide access to innovative technology and a broad range of resources to enhance service to the firm's diverse population. “We believe our investment center program is really taking off, and this move is the catalyst for that growth engine. With LPL’s size and scale, along with its advisor-centric culture, we are able to structure our business model in a way that truly supports our vision to serve generations of clients for years to come,” she said in a statement.
Ken Hullings, LPL's senior vice president and head of enterprise recruiting, said the firm is honored First Citizens Bank chose LPL Institution Services as a strategic partner to support its future growth. “As the demand for advice continues to rise, it is imperative for advisors to have access to a leading wealth management platform, innovative technology, strategic consultative support and dedicated service experience that can help them differentiate their business and bring more value to their clients and institutions,” he said.