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LPL snags $850 million Securian team in wake of Cetera deal

LPL Securian Mike Clements and Jason Strasser of Financial Design Group

Toledo, Ohio-based Financial Design Group has 14 advisors. Over the winter, recruiters had cited LPL as one of the firms likely to target Securian advisors.

LPL Financial said Monday that it has recruited a team of 14 financial advisors called the Financial Design Group with $850 million in client assets that was formerly registered with Securian Financial Services Inc.

Toledo, Ohio-based Financial Design Group's move to LPL Financial comes after Ce

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