LPL Financial has announced the names of firms from National Planning Holdings (NPH), including those from Investment Centers of America and National Planning Corporation, that have chosen to join LPL after its purchase of NPH.
Each firm reported more than $500 million of client brokerage and advisory assets.
Those firms joining with assets of $500 million to $999 million include Beacon Financial Group in Warren, N.J.; Choice Financial of Fargo, N.D.; Gateway Financial Partners of Glastonbury, Conn.; Guaranty Bank and Trust of Colorado in Loveland, Colo.; Horseman Group in St. Louis; Keri Pugh Production Group in Greenwood Village, Colo.; and Planningteam Financial Advisors from Bismarck, N.D.
“On behalf of the entire organization, we are honored to welcome these impressive firms to LPL,” said Bill Morrissey, LPL’s managing director and the divisional president of business development. “We value each new relationship and are proud to have the opportunity to provide service and support to the many new advisors who have chosen to join LPL.”
Additional top-producing NPH firms that reported more than $1 billion of client assets include: Discovery Financial of Red Wing, Minn.; the Planners Network of Santa Rosa, Calif.; Trilogy Financial of Costa Mesa, Calif.; and Zuk Financial Group from Lake Forest, Calif.
NPH’s assets were purchased by LPL as part of a previously announced transaction in August 2017.
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc., is a leader in the retail financial advice market and provided service to approximately $566 billion in brokerage and advisory assets as of October 31, 2017.