Menninger & Associates Financial Planning, a Norristown, Pennsylvania-based hybrid managing $155 million, has switched affiliations from Cetera to LPL Financial and will use the firm’s broker-dealer, RIA and custodial platforms.
Founded in 2000 by financial adviser Michael Menninger, the eponymous firm has grown to include five additional advisers and two support staff.
“LPL will enable us to provide elevated experiences for our clients, from statements to account view,” Menninger said in a statement. “We anticipate the technology and software will make it easier for our clients to access all of their financial information and performance in one place.”
Menninger also said the move to LPL opens the door to bring on additional advisers to add more depth for succession planning and business continuity.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
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