DJIA38904.04 307.06
S&P 5005204.34 57.13
NASDAQ16248.52 199.44
Russell 20002060.10 8.70
German DAX18163.94 -238.49
FTSE 1007911.16 -64.73
CAC 408061.31 -90.24
EuroStoxx 505013.35 -57.20
Nikkei 22538992.08 -781.06
Hang Seng16723.92 -1.18
Shanghai Comp3069.30 -5.66
KOSPI2714.21 -27.79
Bloomberg Comm IDX102.90 0.64
WTI Crude-fut91.17 0.01
Brent Crude-fut86.57 1.15
Natural Gas1.79 0.00
Gasoline-fut2.79 -0.01
Gold-fut2345.40 33.50
Silver-fut27.50 0.46
Platinum-fut940.60 -5.50
Palladium-fut1007.40 -23.60
Copper-fut423.60 1.85
Aluminum-spot1815.00 0.00
Coffee-fut212.50 5.75
Soybeans-fut1185.00 5.00
Wheat-fut567.25 11.00
Bitcoin67976.00 304.00
Ethereum USD3328.10 56.27
Litecoin98.71 0.69
Dogecoin0.18 0.00
EUR/USD1.0862 0.0007
USD/JPY151.72 -0.02
GBP/USD1.2678 0.0016
USD/CHF0.9044 -0.0014
USD IDX104.28 0.08
US 10-Yr TR4.4 0.091
GER 10-Yr TR2.406 0.007
UK 10-Yr TR4.064 -0.005
JAP 10-Yr TR0.771 -0.004
Fed Funds5.5 0
SOFR5.32 0

Sub Markets

Topics

Financial Advisory  + Broker/Dealers  + Latest News  + RIAs & Financial Advisors  | 
$830M RIA Strategic Partners Joins Broker-Dealer LPL Financial

$830M RIA Strategic Partners Joins Broker-Dealer LPL Financial

LPL Financial, the nation’s largest independent broker-dealer, announced that Strategic Partners, an $830mn advisory group based in Parsons, Kansas, has joined its broker-dealer, registered investment advisor and custodial platforms through National Financial Alliance.

Strategic Partners joins from Royal Alliance, an affiliate of Advisor Group, where it had about $830 million in advisory, brokerage and retirement plan assets as well as $600 million in fixed life insurance and annuity assets, according to LPL.

Strategic Partners, headed by president and owner Chris Lubbers, includes 18 advisors and 16 client-services support members in nine states.

LPL’s technology was a primary draw for Strategic Partners, according to Lubbers.

“Clients will have easier access to reporting and account information, all in one place to give them a deeper understanding of their financial picture,” he said.

The move will also enable the firm to recruit more advisors.

“We wanted to be somewhere that is committed to the success of its advisors, investing in platforms and resources that will help us grow,” Lubbers added.

LPL Financial supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms across the country.

Connect

Inside The Story

LPL Financial

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action