Delaware Valley Financial Group, based in King of Prussia, Pa., which includes 24 independent advisors with about $500 million in assets, became affiliated with LPL Financial (LPLA) on Wednesday.

Bill Morrissey, executive vice president at LPL Financial“We are happy to welcome Delaware Valley Financial Group and its independent advisors to the LPL Financial broker-dealer and corporate RIA platform,” said Bill Morrissey (left), executive vice president of Business Development at LPL Financial, in a press release.

“DVFG is a distinguished, sophisticated organization with a robust set of businesses,” explained Morrissey. “We look forward to providing them with extensive operational support, not only through our broker-dealer relationship but through a multi-faceted partnership that can assist them in all aspects of practice management support and counsel.”

LPL currently provides technology, clearing, compliance, practice-management and other services to 13,100-plus financial advisors and about 685 financial institutions. It also supports over 4,500 advisors licensed with insurance companies.

“We are thrilled to be joining forces with LPL Financial,” said Thomas A. Schirmer, chairman of DVFG, in a statement. “This new partnership provides DVFG Advisors with an unprecedented assortment of practice management and development tools, designed and supported by one of the industry’s finest broker-dealer.”

Over the past week, an LPL team jumped to FSC Securities with about $250 million in assets and to Raymond James (RJF) with about $40 million.

However, in late August, Independent Financial Partners of Tampa, Fla., an independent RIA that uses LPL Financial as its broker-dealer, said it brought on 45 financial advisors in the second quarter. And in mid-August, Bridgeworth Financial of Birmingham, Ala., formed its own RIA and affiliated with LPL’s hybrid-RIA platform; the group includes 16 financial advisors and manages about $1 billion in client assets.

“We believe our association with LPL Financial marks the next step in DVFG’s evolution as a leading financial services company,” added Schirmer, “and we look forward to a long and mutually successful affiliation with LPL Financial.”