LPL Financial Nabs Advisor Pair with $230 Million in Client Assets
LPL Financial, the nation’s largest independent broker-dealer, announced that Tom Anderton and Ryan Howard have joined the company and aligned with 626 Financial, an independent firm on LPL’s broker-dealer and corporate advisory platforms.
LPL Financial, the nation’s largest independent broker-dealer, announced that Tom Anderton and Ryan Howard have joined the company and aligned with 626 Financial, an independent firm on LPL’s broker-dealer and corporate advisory platforms.
Anderton and Howard were previously affiliated with Oppenheimer & Co. Inc. and oversee approximately $230 million of client brokerage and advisory assets.
Based in Portage, Michigan, 626 Financial was founded in 2009 by Anderton’s cousin and uncle, Brant and Robert Shrimplin. The firm specializes in wealth management services, focusing on investors under 40 with more than $500,000 of investible assets, as well as retirement planning.
“On behalf of LPL, I welcome Tom and Ryan to LPL and congratulate the 626 founders for establishing a thoughtful succession plan,” said Craig Kamis, LPL executive vice president of business development. “Tom and Ryan are not even 40 years old and have already proven to be leaders in our industry. We are excited to be able to attract more diversity to our firm to be able to serve the next generation of investors.”
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), serves more than 14,000 financial advisors and 700 financial institutions that oversee approximately $651 billion in brokerage and advisory assets as of February 28, 2018.
