LPL Financial says a California team of four advisors has joined its broker-dealer and RIA platforms with about $180 million in client assets.

The Financial Planning Department, based in Long Beach, was affiliated with Cetera Advisor Networks since November 2017. It includes four advisors, all of whom have tax backgrounds: Kathleen Hansen (31 years in the business), Heather Hackett (15 years), Amanda Reams (5 years) and Amber Reams (4 years).

The news comes about one week after Multop Financial moved from Cetera Advisors to LPL. Multop works with some $300 million of client brokerage and advisory assets and is based in Bellingham, Washington; it includes three advisors, three certified public accountants and a six-member support staff.

“We’re excited about joining LPL and partnering with a firm that can help us deliver our clients with the best possible experience,” according to Hansen, the founder of the Financial Planning Department. “We were impressed by the technology, the in-house research department and, most of all, the people at LPL who understand the needs of financial advisors and are committed to our success.”

A large portion of the team’s clients are women, including widows. “It’s important for women to create a financial plan. We are able to relate with our clients and provide a perspective and experience that can support their unique needs,” Hansen explained in a statement.

Craig Kamis, LPL executive vice president-business development, says the firm is “proud the team recognized the value of LPL’s model to support independent business owners along with the resources and support we provide to help advisors address the diverse needs of their clients. We look forward to supporting their business for many years to come.”

According to the Securities Industry and Financial Markets Association, about 19% of all advisors are women. Cerulli Associates sets the number of female advisors at 16%, or about 50,000 of the roughly 300,000 advisors nationwide. Twenty-four percent of new advisors are women.

Members of the new LPL affiliate have been invited to the broker-dealer’s yearly Women Advisors Leaders Forum set to take place next month. “Our community of women advisors looks forward to welcoming the FPD team at the event,” said Bethany Bryant, senior vice president, National Sales & Consulting and head of initiatives at LPL supporting women advisors, in a statement.

— Check out How Big Advisory Firms Are Adding More Women on ThinkAdvisor.