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$600 Million Kansas RIA Joins LPL

Partnership of business concept. Group of businessperson. Customer support. Teamwork.

LPL Financial LLC announced that Strategic Partners Inc. has joined LPL Financial’s broker-dealer, registered investment advisor and custodial platforms, aligned with National Financial Alliance.

Strategic Partners reported having served approximately $830 million in advisory, brokerage and retirement plan assets, with an additional $600 million fixed life insurance and annuity assets. They join LPL from Royal Alliance, which is part of the Advisor Group network.

Headquartered in Parsons, Kansas, Strategic Partners’ owner and president Chris Lubbers started his practice in 1994 while still in college, adding his first advisor a year later. He expanded the business in 2007 to create Strategic Partners, and now the firm has 18 advisors in nine states spanning from Texas to Connecticut. They are assisted by 16 client services support members.

“On behalf of the entire LPL community, I extend a warm welcome to Chris and all of the advisors and staff at Strategic Partners, Inc.” Scott Posner, LPL executive vice president, Business Development, added. “We are honored they recognized the value of partnering with LPL as they take steps to elevate their practice and create differentiated experiences for their clients.”

LPL Financial, the nation’s largest independent broker-dealer, supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

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