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LPL’s tech stack attracts $200 million team from Cetera

shadows people walking

The Sacramento duo make up the investment unit of the Sacramento Credit Union

LPL Financial has recruited a $200 million duo from Cetera Financial Services.

Tarik Eldin and Mike Hastings, who are the investment unit, SCU Investment Services, of the Sacramento Credit Union, joined the broker-dealer and corporate registered investment adviser platforms, LPL announced Monday.

The team serves Sacramento, Calif., and six surrounding communities, providing comprehensive retirement planning, access to college savings plans, estate planning, pension planning and financial planning services.

According to a statement, the team was attracted to LPL’s “enhanced technology and advisory capabilities.”

“The integrated systems within LPL’s technology platform are going to create more efficiency in our office and make it better for members, too,” Mr. Eldin said. “We can see that already, with it being simple and easy to open a new account and members having the ability to sign their paperwork digitally. It’s going to save us hours each week.”

[More: LPL to broaden recruiting reach in 2020]

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