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May 04, 2020 at 02:09 PM
LPL Financial says it has recruited a group with about 100 affiliated advisors working with about $3 billion in assets. They join LPL from Securities America, which became part of the Advisor Group of independent broker-dealers in February.
The advisors and staff making the move are affiliated with JFC Financial Services, which was founded by Jack Connealy in 1992 in Lincoln, Nebraska. The super branch or office of supervisory jurisdiction has worked with investor clients and financial institutions over the years.
JFC has 17 employees and an in-house team of financial professionals, along with 100 affiliated financial advisors who have been moving to LPL since mid-January.
According to Connealy, the firm switched BDs to focus on recruiting and other growth. “We knew LPL was a growth partner that could help us achieve our goals quickly,” he said in a statement.
“We’ve already seen significant recruiting success in the last three months thanks to the support from LPL,” explained Connealy, adding that JFC has recently recruited 12 other advisors to the firm, including six from Advisor Group.
