LPL adds to its team in Michigan

Two advisers, who together managed about $4.38 billion, join from NorthStar Financial Partners

Dec 17, 2013 @ 1:25 pm

By Trevor Hunnicutt

+ Zoom

LPL Financial is adding two Detroit-area advisers to its broker-dealer and adviser-custodial platforms.

Kelley F. Snook Jr., a retirement plan adviser who managed $4.3 billion in assets, and Paul Housey, who managed $78 million, have signed on with LPL, the largest independent broker-dealer said in a statement Tuesday.

The advisers are based in Troy, Mich., an upscale Detroit suburb.

Mr. Snook’s Straightline Consulting Group focuses on corporate 401(k) plans and 403(b) plans for colleges and universities around the country. Mr. Housey’s Flipside Consulting provides financial planning for clients with more than $1 million to invest. Both advisers were previously affiliated with NorthStar Financial Partners Inc., which did not respond to a request for comment.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

What are advisers clamoring for in the tech space?

Advisers have made their needs known, and fintech firms are listening. Hear from the experts at Fuse what they're doing to help advisers build and scale practices.

Video Spotlight

Are Your Clients Prepared For Market Downturns?

Sponsored by Prudential

Video Spotlight

Path to growth

Video Spotlight

Path to growth

Latest news & opinion

Massachusetts blasts SII over nontraded REIT sales

Securities regulator says SII Investments failed to supervise agents over suitability.

Top 10 financial firms ranked by investor satisfaction

Find out which firm took the top slot for overall investor satisfaction for the second year in a row.

What not to say to clients when the markets drop

Here's what advisers should steer clear of saying the next time stocks turn downward.

SEC bars former rep for alleged share price manipulation

George Thoreson tried to keep penny stock's price high to enable Nasdaq listing.

Nevada fiduciary law raises concerns among retirement professionals, brokerage industry

Critics complain that it conflicts with ERISA and SEC rules and has potential to spur other states to pass their own version of a fiduciary rule.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print