LPL Bets on Las Vegas Duo with $320M in Assets
LPL Financial has recruited a pair of Las Vegas advisors who served about $320 million in assets at their previous firm, hybrid RIA Centaurus Financial, for their broker-dealer, RIA, and custodial platforms.
The advisors are President David Segarra, a former Seattle police officer who changed careers and formed his wealth management firm, Latus Group, in 2009, and Sean Sullivan, vice president of client relations who joined Latus in 2018.
Segarra and Sullivan are joined by executive director of corporate relations Ashley Heaton, senior client service associate Denise Magana and marketing associate Sage Newman.
The team chose LPL in part for its technological platform and access to LPL’s Retirement Plan Consulting Program, or RPCP, according to the firm.
“When you peel back the layers, LPL is dedicated to staying up to date in the industry and reinvesting in innovation,” Segarra said. “LPL has a wealth of technological solutions such as single sign-on, centralized access and an integrated platform that enables us to use our current tools for our clients.”
LPL is headquartered in San Diego and serves over 22,000 financial professionals. According to its third-quarter 2023 earnings release, its total advisory and brokerage assets exceeded $1.2 trillion.