LPL Financial Lures Former Securian Duo with $200M in AUM
A pair of advisors managing approximately $200 million in advisory, brokerage and retirement plan assets at Advanced Benefit Systems have left Securian Financial, a broker/dealer Cetera Financial intends to buy, to join LPL Financial’s broker/dealer, RIA and custodial platforms.
Led by Jerry Kanter and Scott Mason, Cetera’s announcement in January that it was acquiring Securian was the deciding factor in the advisors’ decision to move.
“This move was driven by the acquisition, and at the end of the day we just felt LPL was a step above,” Kanter said.
“We are free to choose whatever products and services that address our clients’ needs, without corporate influence, thus preserving the integrity of our investment advice,” added Mason.
Based in Newport Beach, CA, Kanter founded Advanced Benefit Systems in 1989, serving business owners, professionals and affluent families. He specialized in risk management and estate and business planning. Mason joined two years later, bringing his specialization in financial planning and investment advisory for high-net-worth families.
