Home Alts News Former Carson Group Advisor with $100 Million in Assets Rejoins LPL Financial

Former Carson Group Advisor with $100 Million in Assets Rejoins LPL Financial

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Richard “Dick” Donahue has rejoined LPL Financial’s broker-dealer, registered investment advisor and custodial platforms.

Donahue, who rejoins LPL from Carson Group, reported having served approximately $100 million in advisory, brokerage and retirement plan assets.

Based in Ferndale, Washington, Donahue is a seasoned financial advisor with nearly 57 years of industry experience. He founded Asset Advisors LLC with a focus on retirement planning. LPL says he is a charter member of Ed Slott’s Elite IRA Advisor Group and specializes in IRA distribution planning, Roth conversions and investment management for retirees. Donahue is joined by two office support staff members.

Donahue spent more than 35 years with LPL, starting before LPL Financial was formed from the merger of Linsco and Private Ledger. He said he left only because his former group shifted firms.

“I always had a great relationship with LPL, and now it feels like I’m returning home,” he said. “LPL is the largest independent wealth management firm with a large presence in my area. Its mission and advisor-centric culture greatly appeals to me. I also recognize that LPL offers increased investment flexibility, the ability to self-direct portfolios, a broader digital platform and more integrated services. It just feels like the right decision to come back to the firm I spent so much of my career with.”

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

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