LPL Financial has lured a team of four financial advisors in the Nashville, Tenn., area from FSC Securities, one of the broker-dealers on the Advisor Group network, LPL says.
Cris Arnold, David McIllwain, Charlotte Martin and Brenda Speer have joined LPL and aligned with Independent Advisor Alliance, according to a press release from LPL. IAA is an enterprise firm that offers support and services to advisors using LPL Financial’s broker-dealer and corporate or hybrid RIA platforms, LPL says.
“We plan to take advantage of IAA’s programs and capabilities that allow us to use their staff for routine tasks such as opening accounts and preparing paperwork, freeing up our team to provide more meaningful experiences for clients,” Arnold says in the press release. “We want our clients to be well-taken care of. I’m confident that LPL will help us conduct business easier as we continue to build on the quality of service we provide our clients.”
The team oversees $240 million in brokerage, advisory and retirement plan assets, LPL says.
Arnold and McIllwain had joined their wealth management practices in 2003, the same year Martin and Speer formed their practice, and the two groups plan to formally join forces early next year, according to the press release.
Since the start of October, LPL has also added advisors from Ameriprise, Advisor Group broker-dealer firms Royal Alliance, Woodbury Financial Services and more advisors from FSC, as well as from JPMorgan, Cadaret, Grant and 1st Global. But it also lost advisors to Triad Advisors and Kestra Financial during that time.