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.
“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.