LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Don Petricic and Tom Phillips to its broker-dealer and corporate registered investment advisor platforms.
The duo oversees approximately $120 million in brokerage and advisory assets, and joins from Woodbury Financial Services, part of the Advisor Group network of broker-dealers.
The advisors met at their former office and quickly struck up a friendship, with Petricic taking on a mentorship role to help jumpstart Phillips’ career. In 2012, they launched their own office, Petricic & Phillips Financial Group, in Bellevue, Washington.
Petricic and Phillips focus on providing financial education, retirement planning and tax reduction strategies. About 75 percent of their clients are in retirement or within five years of retirement, while the others are typically middle age or young professionals.
“We’re on the younger side for financial planners, and our clients really love that we’re going to be there with them throughout their entire retirement,” said Petricic, who is 40.
Phillips, 34, added,” Don and I both came from very modest means and we’re proud to have gotten this point. We grew our business from the ground up, almost exclusively by word of mouth, delivering a boutique experience of objective financial advice and personalized service.”
LPL Financial provides service to approximately $719 billion in brokerage and advisory assets as of the third quarter of 2019. 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.