LPL says it added more advisors in Q3 than in the first or second quarters.

LPL Financial says Integrated Financial Partners (IFP), which has 135 affiliated financial advisors with about $4 billion in client assets, is now using its broker-dealer and hybrid RIA custodial platforms.

Based in Waltham, Massachusetts, IFP has about 20 offices nationwide and works closely with CPA firms. It previously used the platforms of Lincoln Financial Advisors.

The news comes about 10 days after the news broke that LPL affiliate Carson Wealth Management, which has about $2.6 billion on the IBD’s platforms, is expected to switch over to Cetera Financial Group.

“We are thrilled to welcome IFP to LPL,” said Bill Morrissey, head of business development for the IBD, in a statement on Tuesday. “While I was immediately impressed by the innovative nature of their CPA partnership program, my respect for their unique value proposition grew after getting to know the IFP team and seeing firsthand the organization they have built to help advisors serve the needs of investors, particularly in the high-net-worth space.”

IFP executives say they appreciate what LPL brings to the organization.

“Watching LPL lead the industry in preparing for the DOL fiduciary rule and seeing our advisors’ excitement about what LPL’s new ClientWorks technology platform can do for their business made it clear that LPL is a firm that will grow with IFP and can continue to support us as our needs grow and evolve in the future,” said IFP President Paul A. Saganey, in a press release.

Other Developments

During the third quarter, LPL says, it attracted a group of 18 advisors that are part of a hybrid RIA with $650 million in assets from Voya Financial. The team is based in Albany, New York, and does business as Capital Financial Planning.

In addition, 16 advisors moved to the IBD from broker-dealers affiliated with Cetera Financial Group, now led by Robert Moore, the former president of LPL – including First Allied, Cetera Advisor Networks and Summit Brokerage Services.

The broker-dealer, which shares a full list of affiliated registered reps that join each quarter, says its Q3’16 slate includes 136 new advisors – topping last quarter’s 128 and the 59 that came on board in the first quarter of 2016.

Fifty-five advisors moved to LPL with more than $100 million of client assets, 47 with $50 million to $99 million of assets, and 35 with $30 million to $49 million.