Close Close

Financial Planning > Behavioral Finance

$1B Team Joins LPL From FSC

Your article was successfully shared with the contacts you provided.

Financial Solutions Group, which has 10 advisors and $1 billion of client assets, has left FSC Securities, part of the Advisor Group of independent broker-dealers, and affiliated LPL Financial.  The team has 10 financial advisors and offices in Alexandria and Lake Charles, Louisiana.

Separately, Latrobe, Pennsylvania-based SecondHalf Coach Wealth Management, with $210 million in assets, also joined LPL. It has three advisors and formerly was affiliated with SagePoint Financial, another Advisor Group IBD. 

LPL, which is led by CEO Dan Arnold, works with about 16,160 registered representatives.

“We appreciate that the technology is all connected within ClientWorks,” according to Financial Solutions Group Principal Michael Young. “We can move easily from eSignature to opening a new account, with the ability to open multiple accounts at once, all within one platform.”

FSG opened in 1978 when Greg O’Quin founded the firm as a CPA and became an advisor in 2004. His sons Patrick and Philip are part of the firm, which as shifted its focus to investment advisory and financial planning over the past 15 years or so.

Other advisors include James Curley, Thomas Easterling Jr., Brooks Harris, Bart Schmolke, Brian Schmolke, Christopher Soprano and Michael Young.

SecondHalf Coach Wealth is a three-advisor team comprised of Bill Urbanik, Tony Slezak and Jessica Marazza. “We wanted integrated technology that would improve the operational efficiency of our day-to-day work, and we can manage all those tasks with LPL’s ClientWorks Connected,” Urbanik said in a statement.

The group is moving a large portion of its business to Advisor Sleeve, part of LPL’s Model Wealth Portfolios platform that lets advisors serve as investment strategists while outsourcing trading and rebalancing (to LPL). “We’re very hands on, from the client relationship and money management standpoint, and we appreciate that this gives us the flexibility to manage just a portion of the portfolio or the entire thing. If we want to utilize expertise from a third party, we can do that, too. It just makes sense,” according to Urbanik.

The advisor first worked with SunAmerica Securities starting in 2002, according to BrokerCheck.  He also is a nationally credited soccer coach and licensed hockey coach, which is how the firm’s name came about:  “Our clients are hard-working people who saved well and are looking for some financial guidance through the retirement years,” he said.

Related on ThinkAdvisor: