Home Alts News Financial Practice with $220 Million in Assets Joins LPL Financial

Financial Practice with $220 Million in Assets Joins LPL Financial

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that SC Financial Group has joined LPL Financial’s broker-dealer, registered investment advisor and custodial platforms.

LPL says the team reported having served approximately $220 million in advisory, brokerage and retirement plan assets, and joins LPL from Cadaret Grant & Co, now part of the Atria Group.

Financial advisors Shane Cloninger and Susan Carter, who has since retired, founded the Bellevue, Washington, – based practice in 2008 with “a mission to deeply understand and foster each client’s true needs and financial goals.” The multigenerational practice has evolved over the years to include fellow advisors Robert Davis, Rumesh Senanayake and Alex Carter, Susan’s son.

“LPL Financial is a high quality, Fortune 500 firm that I know we can count on,” Cloninger said. “It’s an industry leading wealth management company that has stood the test of time and will help me provide more consistent experiences for my clients. It’ll be nice to have the same broker-dealer and custodian under one roof, and LPL’s customized, integrated capabilities will provide clients with easy access to their account information. As we connect with younger generations of clients, it’s more important than ever to have access to the latest tools and resources.”

“We welcome Shane, Alex, Robert and Rumesh to the LPL community and are proud to support them as they continue to build out their perfect practice,” Scott Posner, LPL executive vice president, business development, added. “LPL is a champion in the marketplace for financial advisors and we are centered on empowering advisors so they can do what’s best for their clients. We are committed to providing innovative technology and robust business solutions designed to help increase efficiency and create meaningful, differentiated client experiences. We look forward to a long-lasting relationship with SC Financial Group.”

LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

Click here to visit The DI Wire directory page.