Stiles Financial Services Inc., headquartered in Edina, Minn., has joined the broker-dealer platform of LaSalle St., a family of independent wealth management firms based in Chicago, the companies announced in a news release today.

Stiles, founded in 2000 by its namesake president, financial advisor Susan Stiles, was formerly with Cambridge Investment Research Inc., where it managed about $600 million in client assets.

The seven-member Stiles team, including Paul Tichy, portfolio research manager, and Deb Rosenberg, director of retirement plan consulting, provide private wealth management, retirement plan consulting and institutional portfolio services to high-net-worth families, trusts and estates, and foundations and endowments from the Minneapolis area. 

“When we began searching for a new broker-dealer, we conducted extensive research on firms with the best combination of resources, access to senior leadership and a positive home-office culture,” Stiles said in the news release. “LaSalle St. proved to be the clear winner for us on all the key factors.”

Mark Contey, senior vice president of business development for LaSalle St., said in the news release that the two firms shared many of the same values.

“The exceptional client service skills and integrity of the team make Stiles Financial Services a strong fit with our firm’s culture and vision,” he said. “It is our pleasure to support the Stiles team as they guide clients through volatile markets and uncertain economic conditions, to achieve their financial goals.”

Founded in 1974, LaSalle St., overseeing about $10 billion in client assets, supports more than 300 financial advisors and is registered in all 50 states.