LPL Financial Welcomes C&N Wealth Management to Its Institution Services Platform
April 11 2023 - 8:55AM
LPL Financial LLC announced today that C&N Wealth Management, a
subsidiary of Citizens & Northern Corporation (“C&N”)
(Nasdaq: CZNC), has joined LPL Financial’s Institution Services
platform. The program’s financial professionals reported having
served approximately $475 million in brokerage, advisory and
retirement plan assets.* They were previously affiliated with
Cetera Financial Group.
C&N opened its first location in Wellsboro, Pa., during the
height of the American Civil War. Since 1864, the company has
expanded to 31 offices across Pennsylvania and New York. With 15
advisors and 45 department-wide staff members, the team at C&N
Wealth Management offers customized investment and wealth planning
solutions to individuals, charitable and endowment funds, and
corporations.
”C&N’s wealth management services are key to driving
financial well-being in the community and, through LPL, we have a
strong partner to help us deliver on our mission,” said Matthew
Bower, CTFA, CWM, executive vice president and chief wealth
management officer at C&N. “We are expanding our capabilities
to deliver advisory services to more clients in new regions. LPL’s
strength in the market, industry-leading technology and exceptional
advisor support make it the right partner as we broaden our
footprint, build the Wealth Management Team and prepare for
emerging opportunities.”
“For nearly 160 years, C&N has been about driving financial
wellness to strengthen the very fabric of our society, and that’s
what makes it stand out among its peers,” said J. Bradley Scovill,
president and CEO at C&N. “We pride ourselves on being a
community bank first and are deeply invested in our clients’
financial journeys. C&N’s mission is to create value through
lifelong relationships for customers, teammates, shareholders and
communities as their resource for customized financial solutions,
expertise and partnership.”
“C&N has a long history of providing clients, businesses and
the communities they serve with sound advice and stability, even in
the most trying of times,” said Ken Hullings, LPL Financial
executive vice president, Enterprise Business Development. “LPL is
proud to align with such an established and esteemed institution
and support them as they continue to expand their wealth management
business. We remain committed to investing in the technology,
digital capabilities and comprehensive resources and solutions that
help the financial institutions we serve to differentiate their
offering and grow their profitability.”
Related
Financial institutions, find an LPL business development
representative near you.
About LPL FinancialLPL Financial (Nasdaq: LPLA)
was founded on the principle that the firm should work for the
advisor, and not the other way around. Today, LPL is a leader in
the markets we serve**, supporting more than 21,000 financial
advisors, including advisors at approximately 1,100 enterprises and
at approximately 500 registered investment advisor ("RIA") firms
nationwide. We are steadfast in our commitment to the
advisor-centered model and the belief that Americans deserve access
to personalized guidance from a financial advisor. At LPL,
independence means that advisors have the freedom they deserve to
choose the business model, services, and technology resources that
allow them to run their perfect practice. And they have the freedom
to manage their client relationships because they know their
clients best. Simply put, we take care of our advisors, so they can
take care of their clients.
*Value approximated based on asset and holding details provided
to LPL from year-end 2022.
**Top RIA custodian (Cerulli Associates, 2020 U.S. RIA
Marketplace Report); No. 1 Independent Broker-Dealer in the U.S.
(Based on total revenues, Financial Planning magazine 1996-2022);
among third-party providers of brokerage services to banks and
credit unions, No. 1 in AUM Growth from Financial Institutions; No.
1 in Market Share of AUM from Financial Institutions; No. 1 in
Market Share of Revenue from Financial Institutions; No. 1 on
Financial Institution Market Share; No. 1 on Share of Advisors.
(2021-2022 Kehrer Bielan Research & Consulting Annual TPM
Report). Fortune 500 as of June 2021.
LPL Financial and its affiliated companies provide financial
services only from the United States.
Securities and advisory services offered through LPL Financial
LLC, an SEC-registered broker-dealer and investment advisor. Member
FINRA/SIPC. C&N Wealth Management, C&N Bank and LPL
Financial are separate entities.
Throughout this communication, the terms “financial advisors”
and “advisors” are used to refer to registered representatives
and/or investment advisor representatives affiliated with LPL
Financial LLC.
We routinely disclose information that may be important to
shareholders in the “Investor Relations” or “Press Releases”
section of our website.
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About C&NC&N is an independent
community financial services company providing complete banking,
financial, investment and insurance services with 30 full-service
offices located throughout Bradford, Bucks, Cameron, Chester,
Lycoming, McKean, Potter, Sullivan and Tioga, counties in
Pennsylvania and Steuben County in NY. C&N also operates one
loan production office in Elmira, NY, which offers commercial,
residential and consumer lending services. C&N can be found on
the worldwide web at www.cnbankpa.com. The Company’s stock is
listed on NASDAQ Capital Market Securities under the symbol
CZNC.
Media
Contact:Media.relations@LPLFinancial.com(706) 254-4100
Tracking #1-05365930
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