LPL Financial LLC, the nation’s largest independent broker-dealer, has added The Financial Planning Department Inc. to its broker-dealer and corporate registered investment advisor platforms. The Financial Planning Department Inc., which joins from Cetera Financial Group, served approximately $180 million of client and brokerage advisory assets as of August 1, 2018.
Based in Long Beach, California, the all-woman practice includes four advisors, all with tax backgrounds, which include founder Kathleen Hansen, Heather Hackett, Amanda Reams and Amber Reams.
Hansen noted that a large portion of their clientele are women, specifically widows. “It’s important for women to create a financial plan. We are able to relate with our clients and provide a perspective and experience that can support their unique needs.”
Last week, LPL added another former Cetera group Multop Financial, which oversees approximately $300 million of client brokerage and advisory assets.
LPL Financial provides service to approximately $659 billion in brokerage and advisory assets as of June 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.