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LPL Financial and Independent Advisor Alliance Welcome Marzano Capital Group

LPL Financial LLC, the nation’s largest independent broker-dealer, a custodian for registered investment advisors, and a wholly-owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), announced that Marzano Capital Group has joined the LPL Financial broker-dealer platform and will provide fee-based advisory services through Independent Advisor Alliance, an independent RIA group that serves financial advisors in the Carolinas on LPL’s hybrid RIA platform.

Based in Clemmons, North Carolina, Marzano Capital Group offers comprehensive financial planning for individuals, business owners and institutions. The firm intends to move to a new office within the next year to create room for additional independent advisors to serve clients in Clemmons, a suburb of Winston-Salem and surrounding communities. Marzano Capital Group reported that, as of April 30, 2015, it had managed more than $300 million of client assets.

Independent Advisor Alliance is an independent RIA advisor group that supports more than 50 LPL-affiliated advisors in the Carolinas, servicing a total of more than $1.5 billion of retail client assets. Headquartered in Charlotte, the firm has reported that it has recruited more than $700 million of retail assets to the firm since January of this year and has plans to continue to grow as a destination for independent advisors throughout the Southeast.

LPL Financial provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,100 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation’s largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2015), is one of the fastest growing RIA custodians with $112 billion in retail assets served, and acts as an independent consultant to more than 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of June 30, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,385 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit