LPL Financial announced Wednesday that Individual Financial Services, a firm in Western Pennsylvania that manages $400 million in assets, is rejoining LPL from Cambridge Investment Research Inc.
Individual Financial Services is based in Wexford, which is north of Pittsburgh. The team includes managing partner Neil Pettes, who joined the firm in 1994, founding partner Martin Mancuso, who started the firm in 1971, and three staffers.
Pettes said in a statement that the firm was returning to LPL with its clients’ interests in mind.
“It’s a different LPL than we left in 2015, and I’m excited about the company’s technology evolution that will help us serve our clients more efficiently and effectively,” he said. "ClientWorks has been enhanced with more personalization opportunities and integrated capabilities. Additionally, software like Account View and simplified statements will give our clients easier access to their information.”
The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.
As markets disintegrate, the value of on-the-ground, first-hand research through "intimate knowledge acquisition" is skyrocketing.
Deal brings 10 advisors and deeper family office reach to Austin market.
Mega-RIA to adopt AI workforce at enterprise scale as firm rethinks growth without hiring.
The five-advisor group leaves U.S. Bank for LPL's platform, part of a record June that saw 204 advisors join the 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
