LPL Financial Snares $700m in Assets, Adds Seven Veteran Advisors From Osaic
In a significant industry shakeup, LPL Financial has managed to recruit seven top-tier financial advisors from the now renamed Advisor Group, Osaic. Operating from five dynamic teams, these financial savants manage combined assets to the tune of no less than $700 million.
Having an office nestled in the tranquil suburbia of Maple Grove, Minneapolis, the newly adopted advisors comprise of Susan Anderson, Marie Henrichs, CFP, alongside Michael Matheson, CFP of M² Financial Group. In addition, Amy R. Holewa, CFP, makes her move from Holewa Financial while Paul Lyon, CFP, and Jeff Schuler, CFP, relocate from Schuler Financial Advisor Group. Last but not least, we see Dan Pias join the LPL family. Boasting a toothsome tally of 170 years of combined industry experience, this performance is certainly nothing to sneeze at.
Enthusiastically speaking on his shift to LPL Financial, Matheson brought decades of industry wisdom to bear. Having been an advisor for 35 creditable years and a part of Osaic as an advisor since 2005, he remarked, “I have been watching LPL for some time now and have been consistently impressed by the company’s advisor-centric commitment and their continuous investment in technology and business solutions.”
Following an in-depth meeting in one of LPL’s vast headquarters, the seasoned advisor decided that “the decision to move to LPL was really a no-brainer”.
Effects On Investors
The players involved in this engagement aren’t the only ones with a smile on their face; investors stand to benefit hugely from these turn of events.
According to the Matheson, “With LPL’s practice acquisition and succession programs, we can catapult the growth of our businesses and prime the next generation of advisors for dazzling success.”
Promisingly, Jeff’s son Payton has already found his stride amongst the LPL ranks, and Zach, Dan’s son, has joined his father at his practice. There’s a distinct family vibe forming and the family that invests together, stays together, reaping dividends along the way.
This recruitment drive from Osaic accentuates LPL’s lust for top-level talent, demonstrating their commitment to investors; portraying a portrait of impressive growth and a future filled with potential.
There’s an idiom that rings true here – “Too many cooks spoil the broth”. Well, in LPL’s kitchen, the more cooks there are, the tastier the investment stew. The broth may be bubbling over, but it’s far from being spoilt.