LPL Adds Former Cambridge Team With $205 Million in Assets
Financial advisers Randy Petrilli, Matt Goodwin, Travis Whitaker, and Jeff McWhorter of Goodwin Petrilli Financial have joined LPL Financial’s broker-dealer, registered independent adviser, and custodial platforms. The advisers reported having approximately $205 million in advisory, brokerage and retirement plan assets and join LPL from Cambridge Investment Research.
Based in Fort Collins, Co., the firm was founded in 1992 by Harry Goodwin, Matt’s father, who retired last year after serving clients for more than three decades. The ensemble practice offers a comprehensive range of financial planning and investment management services to individuals, families and businesses throughout Northern Colorado.
“We have a strong local presence and have built our business through a solid referral network,” Goodwin said. “The team has a long history of working with educators in northern Colorado by helping them manage retirement assets and plan for retirement. Over the years, we’ve worked with multiple generations of clients who want to preserve their family legacies.”
As client expectations continue to rise, the team at Goodwin Petrilli Financial turned to LPL for the next chapter of their business.
“We were highly impressed by LPL’s technology, which allows us to provide more personalized and efficient services,” Petrilli said. “Our clients benefit by having one place where they can find all their account information, and we appreciate how programs work together in ClientWorks to manage our daily tasks – from meeting minutes to planning software. We are excited about LPL’s commitment to providing us with the resources and support we need to grow our business and deliver more value to clients.”
“On behalf of the entire LPL community, I’d like to extend a warm welcome to Randy, Matt, Travis, and Jeff. We are committed to delivering innovative technology, robust resources, and strategic support to enable advisers to provide personalized advice and run thriving practices,” said Scott Posner, LPL executive vice president of business development. We look forward to supporting the entire team at Goodwin Petrilli Financial for years to come.”
Last week, LPL announced its third quarter earnings and financial results. As reported by The DI Wire, LPL reported a net income of $255 million or $3.39 per share. This was a 16.5% increase per share, as compared to Q3 2023’s $224 million, or $2.91 per share.
LPL Financial Holdings Inc. serves more than 23,600 financial advisers, including advisers at more than 1,000 enterprises and 580 registered investment adviser firms nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled $1.6 trillion as of Sept. 30, 2024.
Click here to visit The DI Wire directory page.
