LPL holds on to $1.6 billion adviser group
Florida firm supporting 80 advisers staying with LPL's broker-dealer and RIA platforms.
Life Brokerage Financial Group, which manages more than $1.6 billion, has chosen to remain with LPL Financial’s broker-dealer and corporate registered investment adviser platforms.
The firm has been an affiliate of INVEST Financial Corporation, which LPL acquired last August as part of its acquisition of National Planning Holdings, the parent of several broker-dealers.
(More: The biggest NPH firms LPL has retained)
Life Brokerage Financial Group was established in 2009. It is based in Clearwater, Fla., with satellite offices in the Seattle and Minneapolis areas. The firm, which employs 40 in staff and supports 80 advisers, focuses on retail financial services and insurance.
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