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Financial Advisor with $345 Million AUM Joins LPL Financial

Financial Advisor with $345 Million AUM Joins LPL Financial. Adviser, Broker, Broker-Dealer, Financial Services, Investment Adviser, LPL Financial, RIA, Registered Investment Adviser

LPL Financial, the nation’s largest independent broker-dealer, announced that financial advisor Brian M. Pflaum, MBA, has joined the firm’s broker-dealer, RIA, and custodial platforms. He reported serving approximately $345 million in advisory, brokerage, and retirement plan assets and joins LPL from Lincoln Financial Advisors.

Based in Birmingham, Alabama, Pflaum has provided investment strategies, personalized planning, and wealth management for high-net-worth individuals, business owners, and corporate clients in the 401(k) space since 1998.

According to a recent release, after discovering his firm would be acquired, Pflaum decided to survey the marketplace to find a wealth management partner to support his clients’ evolving needs. He turned to LPL and rebranded his practice as TPG Private Wealth.

“With LPL, I have a partner with scale; one that is committed to investing in innovative solutions that will benefit both my practice and clients,” Pflaum said. “Now, I have access to an even broader range of products, a best-in-class technology offering, and enhanced research capabilities. Moreover, I also look forward to being part of a larger advisor community to share ideas and grow my network.”

Scott Posner, LPL executive vice president, business development, stated, “We warmly welcome Brian to the LPL community and are honored to support his evolving business. We are committed to meeting advisors where they are in the evolution of their practice to provide them with differentiated tools and integrated capabilities that help them deliver meaningful, customized services to their clients. We look forward to a long-lasting relationship with TPG Private Wealth.”

In addition to Pflaum, LPL recently added a former PNC team with $515 million in advisory assets to their platforms, as previously reported by The DI Wire.

LPL Financial Holdings Inc. serves nearly 23,000 financial advisers – including advisers at approximately 1,100 enterprises and at approximately 570 RIA firms nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled more than $1.35 trillion as of Dec. 31, 2023.

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