LPL Financial (LPLA) said early Monday that the team of Legacy Financial Planning had affiliated with its broker-dealer platform, bringing over $150 million of client assets. The team, which is based in Rochester, N.Y., and includes advisors Tammy Mogilski, CFP, ChFC, and Brian Bedford, CFS, is also joining the hybrid-RIA platform of Private Advisor Group of Morristown, N.J., which is also affiliated with LPL Financial.
Previously, Legacy Financial and its advisors were part of MetLife. Mogilski worked for MetLife for 26 years and was recognized as the firm’s top female producer and third-highest producer. Bedford had been with the insurance group as an advisor for about 12 years and had been named a member of its Lifetime President’s Conference.
“This is a wonderful, large and seasoned practice that specializes in retirement and financial planning for Fortune-500 clients, and we are delighted that it has decided to align with LPL Financial,” said Bill Morrissey (left), executive vice president of business development at LPL Financial in an interview with AdvisorOne.
According to Mogilski, the team spent about 15 months meeting with eight broker-dealers, deciding on LPL and then making the transition.
“We did a lot of research,” she explained in an interview. “To move a practice after so many years is difficult, and we wanted the move to be for a lifetime. We met with LPL in San Diego and were impressed by the professionalism employed in taking care of clients and offering resources. It’s really unsurpassed. We want to work with LPL now to grow and take our practice to the next level.”