LPL Recruits $1 Billion Team from Securities America
LPL Financial LLC, the nation's largest independent broker-dealer, has added Elite Financial Network to its broker-dealer, corporate registered investment advisor and custodial platforms.
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Elite Financial Network to its broker-dealer, corporate registered investment advisor and custodial platforms.
Elite Financial is a large enterprise that serves approximately $1 billion in advisory, brokerage and retirement plan assets and joins from Securities America, part of the Advisor Group network of broker-dealers.
The Huntington Beach, California-based firm was founded in 1992 by president and chief executive officer Dan Cairo and is comprised of 30 independent financial advisors.
“Our goal is to guide clients through the many financial milestones in their lives, from saving for a child’s college tuition to building wealth to living in retirement,” said Cairo, who serves as both financial advisor and enterprise leader.
The firm’s leadership team also includes Craig Wong, managing partner, and Dan’s wife, Cindy Cairo, co-owner and chief financial officer.
Cairo added, “We have our eyes set on significant growth and expansion over the next few years, and we are confident that this new partnership will give us a competitive advantage to help attract like-minded advisors.”
LPL Financial provides service to approximately $1.13 trillion in brokerage and advisory assets as of September 30, 2021. The company supports more than 19,000 financial advisors, 800 institution-based investment programs, and 450 independent RIA firms nationwide.
