LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisor Michael Kostich, Jr. to its broker-dealer and corporate registered investment advisor platforms.
Kostich joins from Avantax Investment Services, part of Blucora, and serves approximately $130 million in brokerage, advisory and retirement plan assets.
Kostich, owner of Wealth Planning Advisors, worked in traditional accounting roles right out of college before launching his own practice at age 29. In 2010, he purchased his mentor’s business in Pinehurst, North Carolina., and he has expanded the practice to include two additional licensed representatives and a licensed assistant. The firm offers financial planning, estate planning and tax consulting from offices in Pinehurst and the Outer Banks, North Carolina.
In other news, LPL recently hired former TD Ameritrade executive Judy Ricketts to serve as executive vice president of operations.
LPL Financial provides service to approximately $764 billion in brokerage and advisory assets as of December 31, 2019. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to 16,464 financial advisors and 700 financial institutions.