LPL Financial Adds Former Wells Fargo Firm to Platform
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Team Preheim Advisory to its broker-dealer and corporate registered investment advisor platforms.
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Team Preheim Advisory to its broker-dealer and corporate registered investment advisor platforms.
Founded by Karl Preheim and based in Fresno, California, Team Preheim joins from Wells Fargo Advisors and manages approximately $105 million of client brokerage, advisory and retirement plan assets.
Last week, LPL recruited Patriot Wealth Management from Summit Brokerage Services, part of Cetera’s network of broker-dealers. The Torrance, California-based firm oversees approximately $120 million of client brokerage and advisory assets.
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.
