LPL Financial Welcomes New Advisors
LPL Financial LLC (Nasdaq: LPLA) has announced that more than 30 financial advisors from Academy Financial, Inc., and PFG Advisors have joined its broker-dealer, RIA, and custodial platforms. These advisors collectively manage around $4 billion in advisory, brokerage, and retirement plan assets, having transitioned from Lincoln Financial, which is now part of Osaic.
About Academy Financial
Founded in 1992 by U.S. Military Academy graduate Harry Horn, CLU, ChFC, CRPC, Academy Financial has built a client-focused firm grounded in integrity, professionalism, and service. Over the years, it has transformed into a multidisciplinary financial planning firm that specializes in innovative strategies for wealth creation and preservation. The firm is currently led by partners Brent J. Kvech, AWMA, T. Joseph Barger, CRPC, CLTC, Michael T. Leonard, ChFC, CRPC, and Michael C. McFeeley, CFP, MSFS, CRPC, CBEC, all of whom bring extensive experience and a strong commitment to excellence.
Overview of PFG Advisors
Located in Berwyn, PA, PFG Advisors specializes in comprehensive financial planning, focusing on areas such as business succession planning, estate planning, and corporate retirement strategies. The firm is led by Tyler McCraw, CFP, and Steve Morris, ChFC, CRPC, CBEC.
Unity Under the Academy Brand
As they transition to LPL, both Academy Financial and PFG Advisors will operate under the Academy brand, reinforcing their shared commitment to helping families, executives, and business owners build and preserve their wealth. Kvech expressed excitement about this collaboration, highlighting their mutual dedication to a service-first approach that aims to assist clients in reaching their financial objectives.
Commitment to Operational Excellence
The teams are eager to utilize LPL’s enhanced operational capabilities and advanced tools to manage client portfolios efficiently while providing personalized financial advice. Kvech noted LPL’s stability as a Fortune 400 company, which allows the firms to operate independently while benefiting from a supportive infrastructure.
Supporting Advisor Success
Scott Posner from LPL remarked, "We welcome Academy Financial and PFG Advisors to LPL. Our goal is to help advisors maximize their success through innovative technology and resources, enabling them to provide exceptional advice and thrive in their practices." LPL is committed to supporting Academy Financial and PFG Advisors as they grow their businesses.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle of serving advisors and institutions. Currently, it supports nearly 23,000 financial advisors across various institutions and registered investment advisor firms nationwide, emphasizing independence and providing the necessary resources for advisors to succeed.
Frequently Asked Questions
What is LPL Financial?
LPL Financial is a prominent financial services firm that offers a wide array of resources and services to support financial advisors and institutions.
Who are the new advisors joining LPL Financial?
More than 30 financial advisors from Academy Financial and PFG Advisors are joining LPL Financial.
What services do Academy Financial and PFG Advisors provide?
Both firms focus on comprehensive financial planning, including wealth creation, preservation strategies, business succession planning, estate planning, and corporate retirement strategies.
What is the significance of this merger?
This merger enables both firms to consolidate their efforts under the Academy brand, enhancing their ability to serve clients effectively.
How does LPL Financial support its advisors?
LPL provides innovative technology, tools, and a flexible operating environment that empowers advisors to deliver quality advice and grow their businesses.
