LPL nabs $260M advisor from PNC

LPL Financial has recruited Zachary Fiandt, an advisor who had managed $260 million in assets at PNC Private Trust Bank and who will align with Financial Partners Inc., which is part of Exemplar Financial Network, the firm announced Tuesday.

Fort Wayne, Indiana-based Fiandt, who works with high-net-worth clients to craft comprehensive financial plans, said he was looking for more flexibility.

“Through an extensive due diligence process, it became clear that LPL is entirely focused on the advisor and creating differentiated experiences for clients,” he said in a statement. “With LPL, I can make my own choices and create client experiences without outside influence or corporate mandates. I also greatly appreciate the growth toolkit and localized resources provided by the team at Financial Partners, Inc. I’m looking forward to taking my relationship with clients to the next level.”

“With the addition of Zach to the Fort Wayne market, we continue to add knowledge and expertise in the financial planning and wealth management space,” Cory E. Marlow, president of Financial Partners, said in the statement. “In addition, Zach brings great experience with high-net-worth relationships, and Financial Partners will allow him to expand his portfolio to the clients he serves. We are ecstatic to bring him on board."

Fiandt started his career in 2011 at Charles Schwab & Co., according to his BrokerCheck report, and subsequently worked at Lincoln Financial Advisors, JP Morgan Securities and Cetera before joining PNC.