LPL Financial LLC, the nation’s largest independent broker-dealer, has added Kansas City, Missouri-based BMG Advisors to its broker-dealer and corporate registered investment advisor platforms. BMG Advisors, previously affiliated with Waddell & Reed, served approximately $220 million of client brokerage and advisory assets as of August 21, 2018.
BMG Advisors, a full-service financial firm formerly Buford-Malone Group, has served clients in the Kansas City area for 35 years. The team focuses on comprehensive financial planning and includes Jennifer Malone, Andrew Rogers, Adam Hawley, and Stephen Minshull.
LPL Financial provides service to approximately $659 billion in brokerage and advisory assets as of the second quarter of 2018. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to more than 16,000 financial advisors and 700 financial institutions.