Partner firms Baldwin Capital Management and Langdon Capital Management of Southeastern Michigan have joined LPL Financial’s broker-dealer and corporate registered investment advisor custodial platforms, according to a company release.
Formerly with Voya Financial Advisors, the firms served more than $350 million in brokerage, advisory and retirement plan assets.
Advisors Scott Baldwin, Bill Langdon, Todd Sander and Andrew Baldwin built their businesses, Baldwin Capital Management of Northville and Langdon Capital Management of Clarkston, by specializing in 401(k) plans, which gradually morphed into a wealth management practice focused heavily on financial education and retirement coaching, the release said.
“We take a team approach to our business because when we’re together everyone has the potential to achieve more,” Langdon said in a statement, also noting that the team shares family values and Christian morals. “We believe in doing what’s right for our clients, with honor and integrity.”
Langdon and Scott Baldwin became partners nearly 30 years ago. Sander, the firm’s president, joined the business in 2000 and Andrew Baldwin, Scott’s son, joined in 2017.
Scott Baldwin said the team found LPL to be “an outstanding and highly reputable" organization. “LPL is a premier firm in the industry, and we want to be a premier provider to our clients. We appreciate that LPL does not push proprietary products; they only push for the success of their advisors and clients,” he said.
He added that changing affiliations during the pandemic creates challenges, but “often these times of great change bring great opportunities. LPL gives us the capabilities and access to resources so we can provide for our clients more than ever before,” he said.
LPL Financial, headquartered in Fort Mill, S.C., San Diego and Boston, is the nation’s largest independent broker-dealer.