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LPL Financial Adds $350 Million Firm from Securities America

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Blyth & Associates Financial Services to its broker-dealer and corporate registered investment advisor platforms.

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Blyth & Associates Financial Services to its broker-dealer and corporate registered investment advisor platforms. The team served approximately $350 million in brokerage and advisory assets and joins from Securities America.

The Chicago-based firm started as a small family business in 1994 when twin brothers William Blyth and Robert Blyth, an estate attorney, teamed up to launch a joint practice serving their clients’ financial and tax needs.

“The team approach adds a broader perspective and provides increased benefits to our clients,” said Bill Blyth, president of Blyth & Associates. “Many people like the idea of a one-stop shop; it minimizes costs for clients and helps with intergenerational planning.”

The business has grown to include the Blyths’ cousin, Michael O’Malley, operations manager, and Bill’s son, Daniel Blyth, account manager. They are joined by financial advisors Carla Nitz, and Christopher Fudacz, with operations support from Moira Simeti, Rebecca Ahern and Andrew Nitz.

LPL Financial provides service to approximately $764 billion in brokerage and advisory assets as of December 31, 2019. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to 16,464 financial advisors and 700 financial institutions.

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