LPL adds adviser network managing $1.2B

Arizona group of about 40 financial advisory practices joins LPL. The network's founder is looking to add 50 new offices next year.
OCT 30, 2013
A network of advisers responsible for $1.2 billion in private client and retirement plan assets has joined LPL Financial's broker-dealer and RIA custodial platforms. The Scottsdale, Ariz.-based Householder Group Estate and Retirement Specialists includes some 40 financial advisory practices nationwide, and previously used Securities Service Network Inc. as its broker-dealer, Matthew Griffes, a spokesman for LPL, said in a statement. The practices are based primarily on the West Coast, South and Southeast. (Find out more about how LPL topped breakaway brokers' bucket list this year.) Householder provides a marketing and branding platform to advisers who join, as well as training, client leads, asset management solutions and back-office support. The firm is looking to expand in the Northeast, in particular, and Scott Householder, who founded the firm in 1997, wants to add 50 new offices in 2014, according to the statement.

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