LPL Financial says Gatewood Wealth Solutions has joined its broker-dealer and corporate registered investment advisor platforms.

The firm, which moved from Northwestern Mutual, serves clients with around $550 million in brokerage and advisory assets, according to LPL.

Based in St. Louis, Gatewood Wealth Solutions serves high-net-worth clients, executives, business owners and emerging affluent families. The firm, which was founded by John Gatewood in 1981, has a staff of 13, including five financial advisors.

With the new affiliation with LPL, advisors Daniel Goeddel, Brian McGeehon, Christina Shockley and Aaron Tuttle received ownership in the business.

“We intentionally built the firm to support future generations,” Gatewood says in a statement. “Our team of young business owners helps assure clients that we’re here for the long haul.”

Gatewood says LPL’s integrated technology is among the reasons his firm joined LPL’s platform.

“Our clients have increasingly complex lives and sophisticated needs,” Gatewood says in a statement.

“LPL Financial’s digital platform allows us to choose technology that is truly innovative. This aligns with our goal to provide an exceptional client experience as we help them work toward positive financial outcomes,” he adds.

The partnership with LPL also positions the firm for future growth and success because of acquisition plans, advisor recruitment and professional development opportunities within the next year, according to Gatewood.

At Gatewood Wealth Solutions, each client family has a professional four-member team “dedicated to making sure their plan is on track, efficient and relevant,” according to LPL.

“Our vision is to be at the crossroads where our clients’ lives intersect with comprehensive wealth planning, integrated enabling technology and financial behavior coaching,” Gatewood says in a statement.

“We are on a mission to share our experience with families, helping them become and remain financially self-reliant so they can give purpose to their money. The hallmark of our culture is our commitment to not simply answer questions, but to find clear solutions that lead to better outcomes for our clients,” he adds.