CHARLOTTE, N.C., Nov. 03, 2021 (Globe NEWSWIRE) — LPL Economic LLC (Nasdaq:LPLA) introduced right now that River Cities Economic Companies has joined LPL Financial’s broker-supplier, company registered investment advisor (RIA) and custodial platforms, aligning with big business JFC Advisor Network. The advisors described acquiring served close to $350 million in advisory, brokerage and retirement approach assets*. They join LPL from Cetera Economic Group.
With registered places of work in Marietta, Beverly and Chillicothe, Ohio, River Cities has a abundant heritage in the local community, starting up as an insurance agency in 1948 before increasing into prosperity management in 1985. Manager and Owner Michael Anthony is joined by founders Leslie Futrell and Rick Walters, as perfectly as fellow economic advisors Stacey Brooks and Keith Thieman. They are assisted by a very long-tenured four-member office assist team.
“We are a group-oriented crew and proud to serve the several smaller business owners, retirees and farmers in our towns. We perspective our purchasers as an extension of our personal people, and we want what’s finest for them,” Anthony mentioned. “We acquire a crew tactic to delivering answers for just about every stage of everyday living, with providers spanning from complete monetary setting up to worker retirement plan methods.”
What can help set River Cities apart is that its 5 advisors each and every represent a unique ten years, ranging in age from mid-30s to early 70s. “We all carry special encounters and differing views to the group to aid ensure our clients’ financial wants will be taken care of now and for generations to occur,” Anthony reported.
On the lookout for a new associate, the group turned to LPL for the future chapter of their business enterprise. “This shift presents us the flexibility to go on to develop the observe on our own terms, placing our clients’ passions at the centre of almost everything we do. With LPL, we have the steadiness of a publicly-traded enterprise alongside with modern, integrated technology that is in a easy structure, allowing for us to shell out far more time with clientele. There is nothing at all extra satisfying than remaining able to sit down confront-to-confront with shoppers and assistance them function toward their monetary dreams.”
Jack Connealy, founder of JFC Advisor Community, stated, “We are honored to welcome River Towns Financial Companies to JFC Advisor Network. They have designed an amazing apply, and their dedication to elevating their company is evidenced in their final decision to move to LPL and affiliate with JFC. In performing so, they placement on their own to even more their advancement and results. They reward not only from the know-how, resources and platforms of the biggest impartial broker supplier in the nation, but at the same time gain a limited-knit community of advisors and have the assist and advocacy of our in depth team of business industry experts at JFC. We appear ahead to supporting Mike, Stacey, Keith, Les, Rickie, and the total River Cities team.”
Scott Posner, LPL govt vice president, Organization Development, stated, “We welcome Mike, Les, Rick, Stacey and Keith to the LPL local community and are happy that our independent platform served as a differentiator for the River Cities group. As a lover with scale, our motivation to service and ongoing investments in our advisors’ enterprises is unwavering. We will continue on to supply ground breaking abilities and robust business answers developed to support advisors develop their ideal exercise and carry included value to their shoppers. We congratulate JFC on its ongoing expansion and glimpse forward to a very long-lasting romantic relationship with equally JFC and River Towns Economical Products and services.”
Advisors, uncover an LPL small business improvement representative near you.
About LPL Financial
LPL Economic (Nasdaq: LPLA) was founded on the principle that the company ought to work for the advisor, and not the other way all over. Nowadays, LPL is a leader** in the markets we serve, supporting much more than 19,000 economical advisors, 800 institution-primarily based financial commitment plans and 450 impartial RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Us residents ought to have accessibility to objective steerage from a money advisor. At LPL, independence usually means that advisors have the liberty they deserve to opt for the company design, expert services, and technological know-how sources that allow them to run their best practice. And they have the liberty to manage their consumer associations, because they know their clientele finest. Simply just set, we choose care of our advisors, so they can take treatment of their customers.
** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Independent Broker-Supplier in the U.S (Dependent on complete revenues, Economical Scheduling journal 1996-2021) No. 1 company of third-bash brokerage companies to financial institutions and credit rating unions (2020-2021 Kehrer Bielan Exploration & Consulting Annual TPM Report) Fortune 500 as of June 2021
*Primarily based on prior business enterprise and signifies belongings that would have been custodied at LPL Fiscal, somewhat than 3rd-get together custodians. Described assets and consumer numbers have not been independently and absolutely verified by LPL Monetary.
Securities and advisory products and services made available as a result of LPL Economic LLC, an SEC– registered broker-vendor and expenditure advisor. Member FINRA/ SIPC
All through this interaction, the phrases “financial advisors” and “advisors” are applied to refer to registered associates and/or expenditure advisor reps affiliated with LPL Fiscal LLC. We routinely disclose data that could be important to shareholders in the “Investor Relations” or “Press Releases” section of our web page.
River Metropolitan areas Money Solutions, JFC Advisor Community and LPL Monetary are different entities.
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Source: LPL Money Holdings, Inc.
