LPL has recruited two advisors from Las Vegas to its broker-dealer, RIA and custodial platforms.

David Segarra and Sean Sullivan of the Latus Group previously worked with Centaurus Financial, where they handled clients with some $320 million in advisory, brokerage and retirement plan assets, LPL announced yesterday.

Segarra, who founded Latus in 2009, started his career as a police officer and SWAT team member in Seattle, but he was eventually bitten by the investment bug in the 1990s. He’s since developed a specialty in retirement planning and gone on to appear on the Financial Times list of top 401(k) advisors.

“A testament to the practice he has built,” LPL said in a  press release, “the National Association of Plan Advisors recognized Segarra as one of the Nation's Top 200 401(k) Advisors and selected him as a delegate to brief the U.S. Sen. Majority Leader Harry Reid's chief tax and economic advisor on retirement plan tax reform and proposed Department of Labor regulations.”

Sullivan joined the firm in 2018 after getting his bachelor’s degree in business administration from West Virginia University, according to LPL.

“When you peel back the layers, LPL is dedicated to staying up to date in the industry and reinvesting in innovation,” Segarra said in the press release. “LPL has a wealth of technological solutions such as single sign-on, centralized access and an integrated platform that enables us to use our current tools for our clients. Additionally, we have insights into our business through CFO Solutions we haven’t really had access to before.” 

Sullivan added that legislation like the SECURE 2.0 Act has complicated retirement platforms. He noted that LPL’s Retirement Plan Consulting Program was one of the things attracting Latus.

“The [program] was very important to us, as was LPL’s dedicated business unit that supports us. We have a better ability to service clients,” Sullivan said.