LPL Financial LLC, the nation’s largest independent broker-dealer, has added Woods Financial Group to its broker-dealer, corporate registered investment advisor and custodial platforms. The team joins from Concorde Investment Services and serves approximately $130 million in advisory, brokerage and retirement plan assets.
Based in Fort Worth, Woods Financial Group was founded by Joel Woods in 1986, with fellow financial professional Mark Smith joining the business in 2004. Together, they provide comprehensive wealth management to retired individuals and multi-generational families, and are assisted by three office support staff members.
“We built our entire business on referrals and take great pride in taking care of our clients,” said Woods. “My clients know I’m of retirement age and they want to know what’s going to happen going forward. We’re already working with LPL’s M&A team to find a like-minded advisor who can come in and continue the work we started decades ago.”
LPL Financial provides service to approximately $903 billion in brokerage and advisory assets as of December 31, 2020. The company provides proprietary technology, clearing services, practice management programs and training, and independent research to 17,287 financial advisors.