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LPL Nabs $330 Million Hybrid from Lincoln Financial

LPL Financial (NASDAQ: LPLA), a leading retail investment advisory firm and independent broker-dealer, has added Flood Financial Services to its broker-dealer and registered investment advisor platforms.

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LPL Financial, a leading retail investment advisory firm and independent broker-dealer, has added Flood Financial Services to its broker-dealer and registered investment advisor platforms.

Based in South Burlington, Vermont, Flood Financial Services specializes in financial planning, investments, insurance, and wealth accumulation and management and oversees approximately $330 million of client brokerage and advisory assets. The team is headed by 50-year industry veteran Richard Flood, who was affiliated with Lincoln Financial Securities for the last 35 years.

“Our team wanted to join the largest independent broker-dealer in the industry to be able to take advantage of their scale and stability that will allow us to further enhance the level of service our clients have come to know and expect,” said Flood, Flood Financial Services.

LPL Financial oversees approximately $648 billion in brokerage and advisory assets as of March 31, 2018 and serves more than 16,000 financial advisors.

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