Former Morgan Stanley Advisers with $1.2 Billion in Assets Join LPL Financial

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Burke Francis and Christopher Francis, who have more than 80 years of combined experience, have joined LPL Financial to launch an exclusive family-focused office and independent practice, The Francis Group at LPL. They chose to affiliate with LPL’s supported independence model, LPL Strategic Wealth Services.

The Francis Group, which joined LPL from Morgan Stanley, reported having served approximately $1.2 billion in advisory, brokerage and retirement plan assets.

Since 1966, Burke Francis built the Los Angeles area practice by specializing in asset management for high-net-worth individuals. His son, Chris, joined the business in 1998, after working in real estate development and numerous venture-backed companies.

Burke and Chris are now both managing partners of The Francis Group, where they work on behalf of affluent families, corporate executives, businesses and private investors throughout the U.S.

“We used to tell our clients ‘bigger is better,’ but we realize that is not the case anymore, and with searing vision comes beneficial results,” Burke Francis said. “We are built to be free and, in our case, free to build a business on our own terms within a culture that aligns with our value, free from the burden of corporate influence. We strive for transparency, and our independence sets us apart allowing us to adhere to the highest ethical standards without conflict. That is who we are.”

LPL supports approximately 22,000 financial advisors, 1,100 institution-based investment programs and 550 independent registered investment advisor firms nationwide.

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