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Voya hybrids managing $350 million move to LPL

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Both Michigan-based firms, Baldwin Capital and Langdon Capital, specialize in 401(k) plans

Two hybrids based in Southeastern Michigan, Baldwin Capital Management of Northville and Langdon Capital Management of Clarkston, have switched affiliations from Voya Financial Advisors to LPL Financial. The two firms work as partners and manage $350 million.

They will use LPL’s broker-dealer and corporate registered investment adviser platforms and employ LPL as custodian.

Advisers Scott Baldwin, Bill Langdon, Todd Sander and Andrew Baldwin specialize in 401(k) plans, and have morphed their business into a wealth management practice focused heavily on financial education and retirement coaching.

[More: LPL Financial taps Slack for adviser communications]

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