LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Pete Babilla has joined existing LPL firm HighPoint Planning Partners. Babilla joins from Morgan Stanley and oversees approximately $100 million in client brokerage and advisory assets.
Babilla entered the financial services industry in 1985 and spent nearly a decade at Morgan Stanley before joining the HighPoint team, which is made up of 25 advisors with $3 billion of advisory assets. He will operate from the HighPoint’s Downers Grove, Illinois office, one of its eight locations.
LPL Financial provides service to approximately $628.1 billion in brokerage and advisory assets as of the fourth 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.