Morristown, N.J.-based Private Advisor Group has added Troy, Mich.-based hybrid RIA Drake Financial Services.

Led by financial advisor Robert Drake, who co-founded the firm more than 30 years ago, Drake Financial Services offers client retirement, estate, education and tax planning as well as asset allocation and risk management services, the announcement said.

"We decided to join Private Advisor Group because we recognized that they are committed to the success of their advisors," said Drake in released comments. "We were looking for a forward-looking firm that could provide us with the right mix of strategic guidance, scale, accessibility, and leading technology—and was guided by the mindset of taking care of their clients. Additionally, we are now plugged into a deeply committed community of advisors, and we are eager to engage with our peers and colleagues through the various pathways that Private Advisor Group offers."

According to Drake’s Finra BrokerCheck record, he is also registered as a brokerage representative with LPL financial, after affiliating with Sigma Financial Corporation, an Ann Arbor, Mich.-based regional broker, and SPC Financial, a Rockville, Md.-based independent advisor through most of 2023.

Private Advisor Group reported more than $28.5 billion in assets as of June 30, 2023, according to the release.