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

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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.

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