LPL Financial LLC (Nasdaq: LPLA), the nation’s largest independent broker-dealer, has added financial advisor Joel Drake to its broker-dealer, hybrid registered investment advisor and custodial platforms. Drake serves approximately $200 million in advisory, brokerage and retirement plan assets, and joins from FSC Securities, part of the Advisor Group network of broker-dealers. He is aligned with The Wealth Consulting Group, an existing LPL-affiliated OSJ group.
Drake’s career in the financial services industry began in 1991, right out of college. He built a practice focused on helping pre‐retired and retired individuals, as well as corporations seeking advice and consulting services with an emphasis on retirement, tax, investment and estate planning. Drake and his longtime assistant Pam Traeger have joined The Wealth Consulting Group branch in his hometown of Des Moines, Iowa.
“I’m a firm believer that my clients are better served when they can make informed decisions, and I take pride in our ability to turn complicated concepts into understandable action items,” said Drake.
LPL Financial provides service to approximately $958 billion in brokerage and advisory assets as of March 31, 2021. The company supports more than 17,000 financial advisors, 800 institution-based investment programs, and 450 independent RIA firms nationwide.