LPL Financial LLC, the nation’s largest independent broker-dealer, has recruited financial advisors Cris Arnold, David McIllwain, Charlotte Martin and Brenda Speer, who collectively oversee approximately $240 million in brokerage, advisory and retirement plan assets. They join from FSC Securities, part of the Advisor Group network of broker-dealers, and aligned with Independent Advisor Alliance.
Based in Greater Nashville, Tennessee, Arnold and McIllwain joined their wealth management practices in 2003, and that same year, Martin and Speer formed their practice to serve retirees in rural middle Tennessee. The two groups have worked closely together over the years and plan to formally merge practices in early 2020.
The group partnered with LPL and Independent Advisor Alliance to outsource some of their administrative support.
LPL Financial provides service to approximately $719 billion in brokerage and advisory assets as of September 30, 2019. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to 16,349 financial advisors and 700 financial institutions.