Home Alts News Former Securities America Firm with $400 Million in Assets Joins LPL

Former Securities America Firm with $400 Million in Assets Joins LPL

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Thomas Reynolds and Kathleen Gfrorer of Landmark Capital Inc. have joined LPL Financial’s broker-dealer, registered investment advisor and custodial platforms.

LPL says they reported having served approximately $400 million in advisory, brokerage and retirement plan assets, and join LPL from Securities America, now part of the Advisor Group network of broker-dealers. The team says they will shut down its own RIA to join LPL’s corporate RIA.

Reynolds and Gfrorer have worked together for more than 30 years at the Oak Brook, Illinois-based full-service wealth management firm. The Landmark team also includes support members Steven Mallo and Lauren Friscia.

“We understand that it can be a daunting task for individuals to plan their financial futures, whether the concern is paying too much in taxes or not having enough money to last throughout retirement. That’s where we step in. Our team has extensive training and experience to help break down complex matters, provide sound information and create personalized, long-term strategies,” Gfrorer said. “Tom and I complement each other well and bring different strengths to the team so that we can cover more ground to help clients make sound financial decisions and feel better about their future.”

Last week, LPL reported that recruited assets during the quarter totaled $13 billion. The firm announced that their advisor count increased 246 during the quarter to 21,521, a year-over-year gain of 1,430.

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

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