LPL Recruits Former Cadaret Grant Team
LPL Financial LLC, a nation’s largest independent broker-dealer, has added Mayco Financial Services to its broker-dealer and corporate registered investment advisor platforms.
LPL Financial LLC, a nation’s largest independent broker-dealer, has added Mayco Financial Services to its broker-dealer and corporate registered investment advisor platforms. Mayco, which joins LPL from Cadaret Grant, served approximately $170 million of client brokerage and advisory assets.
Based in Lakewood, New Jersey, Mayco Financial was founded by 30-year veteran advisor Morris “Moshe” Mayerfeld, and also includes Gabriel Fisher and Mayerfeld’s son-in-law, Yisroel Meir Krohn. The team offers financial planning, wealth management, insurance, and other financial services.
“We welcome Mayco Financial Services to LPL,” said Rich Steinmeier, LPL Financial managing director and divisional president of business development. “Their team recognizes the need to continuously evolve in order to meet the needs of clients. We are proud they chose LPL and value the technology and resources we provide to help advisors adapt and thrive.”
LPL Financial provides service to approximately $681 billion in brokerage and advisory assets as of the third quarter of 2018. 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.
