LPL has broadened its profile in the Northeast with the addition of a father-son advisor duo in Michigan.
The broker-dealer behemoth announced Thursday that it has expanded its network with the addition of Guardian Partners Wealth Management to its broker-dealer, RIA, and custodial platforms.
The firm, led by financial advisors Mitchell "Mitch" McCann and his son Wesley "Wes" McCann, previously managed approximately $240 million across advisory, brokerage, and retirement plan assets at Ameriprise.
Guardian Partners Wealth Management, situated in the Detroit suburb of Bloomfield Hills, Michigan, was founded by the McCanns as they transitioned to LPL Financial. The firm's inception reflects their commitment to safeguard client finances and assist in achieving stable financial futures, particularly throughout retirement.
Mitch McCann, who brings over three decades of experience in financial services, emphasized the personalized approach of their practice.
"Our firm is a bit different in the sense that all our clients are nearing or in retirement, and our focus is on helping them make the most of their money – whatever their goals might be," the veteran advisor said in a statement.
He highlighted the importance of understanding clients' retirement goals and financial planning knowledge, which is central to their strategy.
The choice to partner with LPL was influenced by the team's desire for greater autonomy and the ability to enhance client experiences.
Mitch McCann noted the benefits of this new partnership: "Partnering with LPL means freedom, and that’s exactly what we were looking for. With LPL, we will be able to offer the solutions and products that make the most sense for our clients, allowing us to provide a next-level experience."
He expects LPL's resources, including admin solutions and marketing solutions, will provide valuable support for their fledgling practice as they seek to further expand and customize their services.
The news in Michigan comes straight after LPL welcomed another advisor duo in Iowa who most recently reported managing a book of around $200 million at Cambridge.
InvestmentNews reported in 2017 that the IRS was scrutinizing the tax shelter land deals, called syndication conservation easements.
Advisors gain a second workflow for 401(k) guidance as the fintech expands beyond bulk rebalancing, backed by new policy research on advice access.
New data shows most people do not have enough saved to cover costs and are not fully utilizing their accounts.
Firms announce new recruits this week, with teams overseeing hundreds of millions in client assets switching affiliations.
It’s the 12th deal for Stratos since SEI's investment and follows 11 acquisitions worth $4.8B in 2025.
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
