Lereah Financial Group, a family-owned advisory headquartered in Red Bank, N.J., has joined LPL Financial’s broker-dealer, corporate registered investment advisor and custodial platforms, the companies announced in a recent news release.
Led by financial advisor and managing principal Evan Lereah, the practice was formerly with Wells Fargo Advisors Financial Network, where the Lereah team managed more than $400 million in advisory, brokerage and retirement plan assets.
Lereah’s firm was founded by his father over 40 years ago. After Evan Lereah gained industry experience, he eventually joined the family practice and became the primary investment manager, fully taking over the business three years ago when his father retired.
“I’m looking forward to all the great things that lie ahead with this new partnership with LPL,” he said in the news release. “This is a place where I can see myself working for the rest of my career.”
Scott Posner, LPL’s executive vice president of business development, said in the release that his firm was looking forward to working with Lereah.
“We recognize that advisors are seeking greater efficiency and innovative resources to help differentiate their practices and build more value with their clients,” he said.
Headquartered in Fort Mill, S.C.; San Diego; and Boston, LPL Financial is the nation’s largest independent broker-dealer.