Trilogy Financial, formerly part of the National Planning Holdings network bought by LPL Financial in August, says it will affiliate with the independent broker-dealer. The Huntington Beach, California-based group has some 150 financial advisors and over $2 billion in client assets.
“After a thorough review and careful consideration, we have determined that LPL Financial is the right broker-dealer partner for Trilogy,” said CEO and President Jeff Motske, CFP, in a statement.
Following the Aug. 15 announcement of NPH’s acquisition, Trilogy says it conducted “comprehensive due diligence” to decide whether to transition to LPL or move to another BD. The Trilogy leadership team “vetted nearly a dozen broker-dealer options, both large and small, before coming to a decision.”
The firm is “confident that this decision will provide a smooth transition in the short term for clients, as well as incredible long-term opportunities for our clients, advisors and the entire Trilogy family as we continue to grow,” Motske explained.
David Neihart of Kansas City, Kansas, joined Ameriprise’s employee channel, along with Douglas Royle, Brent Neihart, Camden Fells, Eric Wynkoop and Johnnie Huff.
“After a nationwide search, we determined Ameriprise to be the best choice,” said David Neihart, in a statement. “We serve clients in 22 states, so we were attracted to Ameriprise’s strong reputation, brand and financial stability.”
The broker-dealer also announced advisors Jack Elgin and Neven Zelich of Canton, Ohio, have joined Ameriprise’s franchise channel from Mid Atlantic Financial Management. They have about $172 million in assets.