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Financial Planning > Tax Planning

LPL Adds to First-Wave Onboarding List

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LPL Financial has released more details on 71 advisor groups joining it recently following its purchase of the National Planning Holdings’ broker-dealer assets in August.

The latest announcement included firms with between $100 million and $499 million in client brokerage and advisory assets and previously affiliated with Investment Centers of America and National Planning Corp.. Thus, the latest additions are expected to bring a total of between $7.1 billion and $35.4 billion in assets onto LPL’s platforms.

In late December, LPL also said that Northwest Bank is now using its broker-dealer and corporate registered investment advisory platforms. Its advisors served about $1.3 billion of client brokerage and advisory assets as of Oct. 4.

Earlier in the fourth quarter, the independent broker-dealer announced that seven groups moved onto LPL platforms from these broker-dealers, each with between $500 million and $999 million of assets, and four groups from NPH-affiliated firms with a total of $9 billion of assets. These 11 groups moving onto LPL’s platforms, thus, could add between roughly $12.5 billion and $16 billion in combined client assets.

“We are committed to executing their transition successfully and to deepening our relationships as we further introduce advisors to the depth of capabilities, technology and resources they can leverage to manage and grow their businesses,” said Bill Morrissey, LPL managing director and divisional president of business development, in a recent statement about the transitioning advisors.

Over the past few months, LPL executives have said that the NPH advisors will be moved onto its platforms in two onboarding waves by March 30, 2018. 

The latest additions include:  

  • Allegiance Financial Group
  • Anchor Certified Planners Group
  • Anderson Wealth Planning
  • Austin Bank
  • AWA Wealth Management
  • Bank of Cairo and Moberly
  • Bank of Colorado – Durango
  • Bank of Stockton
  • BFM Wealth Management
  • Bold Financial Group
  • Border State Bank – Roseau
  • Brinker Financial Group
  • Buddy Campbell and Associates
  • Cecil/Eady Investments
  • Citizens First Bank – Viroqua
  • Comprehensive Financial Professionals LLC
  • Daszkowski Wealth Management LLC
  • Decorah Bank and Trust Company
  • Dennis Stephen Associates Ltd.
  • Dickinson Investment Center
  • Dovetail Wealth Management
  • Financial Celebrations
  • Financial Planning Resources Inc.
  • Fiorio Wealth Advisors
  • First Community Bank
  • First International Bank
  • First State Bank 4
  • Frandsen Bank & Trust
  • Future Planning Systems
  • Grabill Financial
  • Graunke & Hentz Wealth Management LLC
  • GSH Asset Management
  • Heald Financial Advisors
  • I Wealth
  • Investment Centers – Bottineau
  • Investment Centers of America – Hudson
  • iRetire Financial by Huck Financial LLC
  • Janell Israel & Associates
  • John Cecil – Texas Bank
  • John Linge
  • Kiran Dave
  • Krueger Financial Services Inc.
  • Landis Financial Advisors
  • Lexco Wealth Management
  • Monday Leman Financial Services
  • National Tax and Financial Network
  • Ogden Investment Center
  • Oklahoma State Bank
  • Prairie Plans 
  • Preferred Resource Group
  • Randy Schmidt
  • Reinke Gray Wealth Management
  • Resource One Advisors
  • Robert Gunderson
  • Robert K. Calkins, Financial Planning
  • Robertson Das Socially Responsible Investing
  • Securus Financial Group Inc.
  • Southwest Investment Advisors
  • Speakman Financial Group
  • Stevens Rich PLLC
  • Steve Sterling
  • Stout Payne Waner
  • Strategic Advisors Network
  • Strong Financial Network
  • Teller Financial Services Inc.
  • The Creative Planners Group Ltd. 
  • The Retirement Network
  • Tschider Financial Planning
  • Wealth Advisory Services
  • Western State Bank
  • Whitefish Investment Center


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