LPL holds on to $1.6 billion adviser group

Florida firm supporting 80 advisers staying with LPL's broker-dealer and RIA platforms

Jan 29, 2018 @ 1:39 pm

By InvestmentNews

Life Brokerage Financial Group, which manages more than $1.6 billion, has chosen to remain with LPL Financial's broker-dealer and corporate registered investment adviser platforms.

The firm has been an affiliate of INVEST Financial Corporation, which LPL acquired last August as part of its acquisition of National Planning Holdings, the parent of several broker-dealers.

(More: The biggest NPH firms LPL has retained)

Life Brokerage Financial Group was established in 2009. It is based in Clearwater, Fla., with satellite offices in the Seattle and Minneapolis areas. The firm, which employs 40 in staff and supports 80 advisers, focuses on retail financial services and insurance.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

The importance of a diverse team

Clients, advisers, and even communities are telling firms that yes, diversity within the advisory community is important.

Latest news & opinion

LPL video about private equity looks like a swipe at Cetera

Recruiting video warns about potential consequences for advisers when a PE firm buys a broker-dealer.

Ladenburg chairman Phillip Frost steps down

The SEC charged Frost with fraud earlier this month.

Envestnet Tamarac partners with Schwab, TD on digital account openings

Auto-filling documents designed to make onboarding more efficient for RIAs and more convenient for clients.

Wells Fargo plans to cut staff up to 10% within next three years

Bank is struggling to cut spending amid regulatory fines and higher legal costs stemming from scandals.

Universal life insurance lawsuits underscore product risk

Sudden cost increases could cause clients to pay much higher annual premiums — or lapse their policies.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print