Strategic Partners, a Parsons, Kansas-based advisory and insurance business, has affiliated with LPL Financial through National Financial Alliance, an office of supervisory jurisdiction.
Strategic Partners, which serves $830 million in advisory, brokerage and retirement plan assets, with an additional $600 million in fixed life insurance and annuity assets, was formerly affiliated with Royal Alliance, part of the Advisor Group.
Chris Lubbers, president of Strategic Partners, began his advisory practice in 1994, while he was still in college, and created Strategic Partners in 2007. The firm has 18 advisers in nine states, as well as 16 support staffers.
The move reflects Strategic Partners' interest in better technology, operational efficiencies and opportunities for growth.
“I’m all about efficiency and that’s where LPL shines,” Lubbers said in a statement. “The firm has invested heavily into its technology platform, creating efficient processes and enhanced solutions that will help our advisors provide better services."
AI Teammate is embedded within Wells Fargo’s Advisor Gateway desktop platform.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
Financial advisors play an essential role in helping small business owners navigate their transition out of the company — and into retirement.
NFP data shows an engagement gap is holding back retirement readiness despite high trust.
Alan Feutz leaves the wirehouse in Illinois, while a team of five make a break from their Connecticut firm.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
