Hybrid adviser managing $650 million in assets moves to LPL Financial from Voya Financial

A hybrid advisory firm managing $650 million in assets has joined LPL Financial from Voya Financial Advisors. President and CEO Todd A. Slingerland and 18 advisers at Capital Financial Planning in Albany, N.Y., are joining LPL's broker-dealer and RIA hybrid custodial platforms. Mr. Slingerland said keeping pace with regulatory changes was a primary factor in the decision to join LPL, enabling the firm to focus on growth, according to a statement released Wednesday. (More: See all the latest moves in the InvestmentNews Advisers on the Move database) “With our own RIA, we are able to give our advisers and clients the best of both worlds — to be able to offer both a brokerage and a fee-based advisory business model. It also allows us to be positioned to attract other registered investment advisers to our firm to support our growth goals,” he said in the statement. “I appreciate that so many processes are automated with LPL's technology and service offering," said Adam Neary, principal of the Neary/Luczak Group, an affiliate advisory firm of Capital Financial Planning. "I can spend more time working with my clients, which is where the value is for me so I can be best positioned to grow my business.” Capital Financial Planning was founded in 2003 by Mr. Slingerland, serving high-net-worth individuals, families and trusts, and retirement plans for corporations and nonprofit organizations. The RIA is largely focused on clients around New York and New England. It has an additional office in Clifton Park, N.Y. Mr. Slingerland began his career with John Hancock Mutual Life Insurance Co. and its affiliate in 1989, where he worked for close to six years, according to his BrokerCheck profile. In 1995 he moved to Waddell & Reed Inc., working there for eight years before launching Capital Financial Planning through Voya Financial Advisors Inc. in 2003. He has no disputes listed on his profile.