CHARLOTTE, N.C., Nov. 03, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC (Nasdaq:LPLA) announced right now that River Cities Fiscal Services has joined LPL Financial’s broker-seller, company registered financial commitment advisor (RIA) and custodial platforms, aligning with significant organization JFC Advisor Network. The advisors reported getting served approximately $350 million in advisory, brokerage and retirement strategy assets*. They be a part of LPL from Cetera Fiscal Team.
With registered workplaces in Marietta, Beverly and Chillicothe, Ohio, River Cities has a wealthy record in the group, commencing as an insurance agency in 1948 ahead of expanding into prosperity management in 1985. Manager and Owner Michael Anthony is joined by founders Leslie Futrell and Rick Walters, as effectively as fellow economical advisors Stacey Brooks and Keith Thieman. They are assisted by a prolonged-tenured 4-member workplace aid staff.
“We are a group-oriented workforce and proud to serve the many tiny small business owners, retirees and farmers in our cities. We perspective our consumers as an extension of our individual families, and we want what is very best for them,” Anthony reported. “We get a workforce solution to furnishing methods for every single stage of life, with expert services spanning from detailed economical preparing to personnel retirement strategy techniques.”
What helps set River Cities aside is that its five advisors just about every symbolize a distinctive ten years, ranging in age from mid-30s to early 70s. “We all deliver exclusive activities and differing sights to the workforce to assist be certain our clients’ economical wants will be taken care of now and for generations to come,” Anthony reported.
Searching for a new associate, the workforce turned to LPL for the subsequent chapter of their small business. “This transfer presents us the adaptability to proceed to build the practice on our individual conditions, placing our clients’ pursuits at the heart of almost everything we do. With LPL, we have the balance of a publicly-traded business together with progressive, built-in engineering which is in a simple format, enabling us to spend extra time with consumers. There is very little extra worthwhile than being able to sit down confront-to-confront with consumers and assist them get the job done toward their economical desires.”
Jack Connealy, founder of JFC Advisor Network, stated, “We are honored to welcome River Cities Fiscal Services to JFC Advisor Network. They have designed an remarkable practice, and their dedication to elevating their small business is evidenced in their determination to transfer to LPL and affiliate with JFC. In doing so, they position themselves to further their expansion and good results. They reward not only from the engineering, resources and platforms of the premier independent broker seller in the nation, but at the similar time obtain a tight-knit group of advisors and have the aid and advocacy of our considerable team of business gurus at JFC. We seem forward to supporting Mike, Stacey, Keith, Les, Rickie, and the entire River Cities workforce.”
Scott Posner, LPL executive vice president, Business enterprise Improvement, stated, “We welcome Mike, Les, Rick, Stacey and Keith to the LPL group and are proud that our independent platform served as a differentiator for the River Cities workforce. As a associate with scale, our motivation to provider and ongoing investments in our advisors’ firms is unwavering. We will proceed to produce progressive abilities and strong small business methods created to assist advisors build their great practice and deliver included value to their consumers. We congratulate JFC on its continued expansion and seem forward to a prolonged-lasting marriage with equally JFC and River Cities Fiscal Services.”
Advisors, obtain an LPL small business growth representative near you.
About LPL Fiscal
LPL Fiscal (Nasdaq: LPLA) was launched on the theory that the organization ought to get the job done for the advisor, and not the other way about. Right now, LPL is a chief** in the markets we serve, supporting extra than 19,000 economical advisors, 800 establishment-centered financial commitment programs and 450 independent RIA firms nationwide. We are steadfast in our motivation to the advisor-centered model and the belief that People in america ought to have access to goal steering from a economical advisor. At LPL, independence implies that advisors have the liberty they ought to have to pick the small business model, expert services, and engineering assets that let them to run their great practice. And they have the liberty to control their customer relationships, since they know their consumers very best. Simply set, we get care of our advisors, so they can get care of their consumers.
** Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Impartial Broker-Seller in the U.S (Primarily based on full revenues, Fiscal Preparing journal 1996-2021) No. one supplier of 3rd-celebration brokerage expert services to banks and credit rating unions (2020-2021 Kehrer Bielan Analysis & Consulting Yearly TPM Report) Fortune five hundred as of June 2021
*Primarily based on prior small business and signifies assets that would have been custodied at LPL Fiscal, alternatively than 3rd-celebration custodians. Noted assets and customer numbers have not been independently and absolutely confirmed by LPL Fiscal.
Securities and advisory expert services available through LPL Fiscal LLC, an SEC– registered broker-seller and financial commitment advisor. Member FINRA/ SIPC
Through this conversation, the conditions “financial advisors” and “advisors” are utilised to refer to registered representatives and/or financial commitment advisor representatives affiliated with LPL Fiscal LLC. We routinely disclose facts that may well be vital to shareholders in the “Investor Relations” or “Press Releases” section of our site.
River Cities Fiscal Services, JFC Advisor Network and LPL Fiscal are individual entities.
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Resource: LPL Fiscal Holdings, Inc.