LPL Financial said Wednesday that two Illinois advisors who operate as Landmark Capital Inc. are joining the firm from Securities America, which is part of Advisor Group. Thomas Reynolds and Kathleen Gfrorer are closing their RIA to use LPL’s corporate RIA.
Oakbrook-based Landmark Capital oversees about $400 million in assets. The team includes two support staffers in addition to Reynolds and Gfrorer, who have worked together for more than 30 years.
Gfrorer said joining LPL’s corporate RIA would help the firm streamline its operations.
“By joining LPL’s RIA, we’ll have enhanced back office support so we can alleviate ourselves of some of those responsibilities and concentrate more on helping our clients,” she said in a statement, adding that succession planning was also a consideration.
“LPL’s vast network of advisors should open up many doors for someone we can pull into our group to make sure clients will be well-taken care of for generations to come,” Gfrorer said. We’re confident LPL is going to be able to take us into the future.”
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