LPL Lures Las Vegas Wealth Practice from Centaurus

LPL Financial has recruited a pair of Las Vegas advisers to its broker-dealer, registered independent adviser, and custodial platforms.

David Segarra and Sean Sullivan, who make up the Latus Group, were previously affiliated with Centaurus Financial, where they handled clients with some $320 million in advisory, brokerage, and retirement plan assets, LPL announced this week.

Segarra founded Latus in 2009 and is president of the wealth practice. He had been registered with Centaurus Financial for more than 15 years and formerly spent a decade working as a police officer with the Seattle Police Department.

“A testament to the practice he has built,” LPL said in a press release, “the National Association of Plan Advisors recognized Segarra as one of the Nation’s Top 200 401(k) Advisors and selected him as a delegate to brief the U.S. Sen. Majority Leader Harry Reid’s chief tax and economic adviser on retirement plan tax reform and proposed Department of Labor regulations.”

Sullivan joined Centaurus in 2018 after getting his bachelor’s degree in business administration from West Virginia University, according to LPL, according to LPL, and has since served as vice president of the Latus Group practice.

The two advisers are joined at LPL by Ashley Heaton, executive director of corporate relations; Denise Magana, senior client service associate; and Sage Newman, marketing associate.

“LPL has a wealth of technological solutions such as single sign-on, centralized access and an integrated platform that enables us to use our current tools for our clients,” said Segarra. “Additionally, we have insights into our business through CFO Solutions we haven’t really had access to before.” 

“At LPL, we understand the dedication, talent and spirit it takes to build and operate a thriving practice,” said Scott Posner, LPL’s executive vice president of business development. “That is why we are committed to offering advisers cutting-edge technology, business solutions, and integrated capabilities designed to uncomplicate day-to-day activities and help them get back to doing what they do best – serving clients.”

LPL Financial Holdings Inc., serves more than 22,000 financial advisers – including advisers at approximately 1,100 enterprises and at approximately 560 RIA firms nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled more than $1.2 trillion as of its Q3 2023 earnings report.

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