LPL Financial Adds $370 Million Former Wirehouse Team
LPL Financial LLC, the nation’s largest independent broker-dealer, has added three financial advisors who teamed up to form Broadway Graham Wealth Partners.
LPL Financial LLC, the nation’s largest independent broker-dealer, has added three financial advisors who teamed up to form Broadway Graham Wealth Partners and joined LPL’s broker-dealer and hybrid registered investment advisor platforms. The advisors join from Wells Fargo Clearing Services and serve approximately $370 million in brokerage and advisory assets.
Financial advisors Shane Adkins, Zach Bromley and Jay Cole launched the Springfield, Illinois –based independent practice “to offer a comprehensive, collaborative and holistic approach to their client base.” Bromley specializes in investment management and relationship building, Adkins has a financial planning background and Cole’s focus is corporate retirement plans. The team also includes operations support from Kelly Behl and Rachel Carter.
The team will align with the Private Advisor Group, an office of supervisory jurisdiction with more than $19 billion in assets under management and roughly 650 advisors as of December 31, 2019.
The desire for more independence and control over their business led to their move to Private Advisor Group and LPL, the team said. “The freedom to do what’s best for our clients, combined with access to both brokerage and RIA, is huge…,” said Bromley. “We are excited about the opportunity to mold our office as we want and to be able to offer the strategies and products that suit our clients’ needs.”
LPL Financial provides service to approximately $670 billion in brokerage and advisory assets as of March 31, 2020. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to 16,763 financial advisors and 700 financial institutions.
