LPL Financial says an advisor with roughly $750 million in client assets has launched an independent practice with the firm through its breakaway advisor channel.

Hugh Lau, based in Lincoln, Nebraska, launched Lau Financial Group in affiliation with LPL Strategic Wealth Services, the firm says. He transitioned his practice from D.A. Davidson and is joined by branch operations manager JoAnn Kreitman.

LPL’s Strategic Wealth Services model was attractive to Lau and Kreitman, particularly given their small team, Kreitman said. The channel provides real estate build out, brand development, technology setup and human resources support to help with a transition, according to the firm. Once a practice is established, administrative assistance, including chief financial officer support, is available.

“We’re a small team of two, so we needed the added layer of support from LPL Strategic Wealth Services,” Kreitman said in a statement. “This gives us very robust support, but the freedom to build the practice on our own terms.”

Specifically, Lau believes the model can help with client acquisition.

“We’re excited to be able to market our new brand and promote ourselves within the community,” Lau said. “Thanks to LPL’s extensive infrastructure, I’m confident in our ability to grow our company and help families.”

Lau puts a particular focus on multi-generational wealth, LPL says. His own family has ties to the community dating back to the 1860s, LPL says, when H.P. Lau emigrated to Lincoln and founded a grocery business.

Hugh Lau started his financial services career in 2000 at A.G. Edwards & Sons, where he worked until 2008. After a brief stint at Wells Fargo, he joined D.A. Davidson in 2009, BrokerCheck records show.

Outside the firm, Lau volunteers for Lighthouse, an after-school program in Lincoln, according to the organization’s website. He previously served on the boards of the Madonna Foundation, which provides physical rehabilitation for children and adults, and the Tabitha Foundation, which focuses on senior care.

Kreitman previously chaired the Stransky Concert Series and currently volunteers for the community radio station KZUM, Lighthouse and the People's City Mission, according to LPL.