LPL Financial LLC, the nation’s largest independent broker-dealer, has added Verus Capital Partners, a large enterprise firm with approximately 30 financial advisors, to its broker-dealer and corporate RIA platforms, leveraging LPL as custodian. The Versus team serves $1 billion in advisory and brokerage assets and joins from Securities America, part of the Advisor Group network of broker-dealers.
Verus Capital Partners is based in Scottsdale with another registered office in San Diego. Founder Stephen Bull founded Bull Capital Management in 2003, and the outgrowth of his individual practice morphed into Verus Capital Partners.
Bull is joined by partner Zach Mason, who has been in the financial planning and investment advisory industry since 2009. Two of the larger teams supported by Verus include Phillips Financial Management and Oxenham Financial, both serving more than $100 million each in brokerage and advisory assets.
“We have grown our team significantly over the past few years and feel confident we can grow our business even more aggressively within the next five years with LPL’s recruiting help,” said Bull.
LPL Financial provides service to approximately $810 billion in brokerage and advisory assets as of September 30, 2020. The company provides proprietary technology, clearing services, practice management programs and training, and independent research to 17,168 financial advisors.