LPL Financial says a pair of financial advisors have joined its broker-dealer, corporate registered investment advisor and custodial platforms from American Portfolios Financial Services.
Theresa Hannon and Kevin Hannon have joined Professional Wealth Advisors, which is part of the LPL network.
The mother and son team have around $175 million in advisory, brokerage and retirement plan assets, according to LPL.
The pair operates as The Hannon Financial Group in Oak Brook, Illinois. They provide investment advice, retirement planning, estate planning and financial consulting, among other professional services, LPL says.
They provide clients with weekly market updates, quarterly newsletters, regular reviews, educational dinners and more, “with the goal of providing the highest level of customer service and financial education,” according to LPL.
LPL says the pair wanted to affiliate with a firm that shares their client-centric values and culture.
"These last two years of the pandemic have shown me where I could better prepare for the unforeseen and create an improved succession plan to take care of my clients well into the future,” Theresa Hannon said in a statement.
“By merging with Professional Wealth Advisors, we can provide our clients with elevated customer service, enhanced technology, more bench support, increased office staff and solid middle management. This, in turn, allows me to slow down and focus on the other parts of the business that I love,” she added.
Joining the LPL network allows the pair to take their business in a new direction, according to Kevin Hannon.
“People-first business is at the heart of what we do,” he said in a statement. “We’re looking forward to this new direction and we feel confident that this partnership — and affiliation with LPL — will allow us to provide a differentiated client experience. LPL’s innovative technology and robust resources, accompanied by PWA’s additional layer of support, stood out in particular.”
Theresa Hannon has been in the industry for 36 years and has been registered with 10 firms, including American Portfolios where she spent the last 12 years, according to her BrokerCheck record. Kevin Hannon has been in the industry for five years and was at American Portfolios that entire time prior to moving to LPL, his record shows.