Home Alts News Former Cambridge Firm with $400 Million in Assets Returns to LPL

Former Cambridge Firm with $400 Million in Assets Returns to LPL

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Neil Pettes and the team at Individual Financial Services has returned to LPL Financial’s broker-dealer, registered investment advisor and custodial platforms.

Pettes reported having served approximately $400 million in advisory, brokerage and retirement plan assets, and joins LPL from Cambridge Investment Research Inc.

Located north of Pittsburgh in Wexford, Pennsylvania, Individual Financial Services launched in 1971 by founding partner Martin Mancuso. Pettes joined the practice in 1994, starting as the manager of technical research. With Mancuso as his mentor, LPL says Pettes’ responsibilities expanded to overseeing all operation and compliance functions for the firm, co-heading the investment and portfolio design committee and developing client relationships.

In recent years, Mancuso has taken more of a consultative role while Pettes takes care of their client base of small business owners, professionals and individuals nearing, or in retirement. He is supported by financial planning assistant Matthew Wiley, client service associate Meghan Trosky and operations associate Cheryl Pettes, who is also Neil’s wife.

“Every decision we make as a company is with our clients in mind, and that’s why are making this move,” said Pettes. “It’s a different LPL than we left in 2015, and I’m excited about the company’s technology evolution that will help us serve our clients more efficiently and effectively. ClientWorks has been enhanced with more personalization opportunities and integrated capabilities. Additionally, software like Account View and simplified statements will give our clients easier access to their information. It’s clear that LPL is an industry leader that cares deeply about the success of advisors and their clients. We are excited about the next chapter of our business.”

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

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