LPL adds to its team in Michigan

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

By Trevor Hunnicutt

Dec 17, 2013 @ 1:25 pm (Updated 2:14 pm) EST

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.

  @IN Wire

Apr 24 10:55AM
Is now the time for advisers to jump on the Yelp bandwagon? Not so fast, cautions @KristenLuke http://t.co/JQDeWqqZPW
Apr 24 10:43AM
I also believe that once you've "made it," esp as a woman, you ought to help others find the way. Lead by example so that we all prosper!

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