LPL Financial Adds FA Trio with $170M in AUM from Cambridge Investment Research

LPL Financial has added a trio of financial advisors, managing roughly $170 million in advisory, brokerage, and retirement plan assets, to its broker-dealer and registered investment advisor platform. 

Ann Arbor, MI-based Lakewood Wealth Management, which includes advisors Harrison Kennard, Charles Dobben, and Justin Pandy, were previously affiliated with broker-dealer Cambridge Investment Research.

Lakewood Wealth Management provides financial planning, investment management, tax and estate planning, risk management, insurance solutions, and educational tools to multigenerational families. Their client base also includes healthcare professionals, university faculty, and student-athletes. 

“We believe financial planning is about much more than investments,” Kennard said. “Every client has a unique story, unique priorities and different goals. Our job is to understand what matters most to them and create a plan that helps support those objectives.” 

The advisors noted that they joined LPL for its resources, technology, and planning capabilities.  

LPL’s latest addition to its roster comes merely days after the broker-dealer added Alpharetta, GA-based Praxis Financial Partner, which oversees around $1.1 billion in brokerage, advisory and retirement plan assets. 

LPL serves more than 32,000 advisors and oversees roughly $2.6 trillion in brokerage and advisory assets.