MORRISTOWN, N.J., Nov. 21, 2016 /PRNewswire/ -- Private
Advisor Group, a 10+B Registered Investment Advisor and LPL
Financial's largest enterprise1 announced today that
another successful advisor has joined the ranks. JBL Financial
Services, Inc., a financial advisory firm located in St. Louis, MO with over 100M in AUM has
partnered with Private Advisor Group to leverage the support and
services of a large hybrid RIA.
"Private Advisor Group is a great move for us," said
Jeffrey Lapidus, principal of JBL
Financial Services. "By coming to PAG from National Planning
Corp, we immediately gain a wider selection of products and
services for our clients. At the same time, we are joining a
community of advisors that benefit from the scale and backbone of
both PAG and LPL."
The other 68 advisors have joined Private Advisor Group from
Merrill Lynch, Waddell & Reed, Morgan Stanley, MetLife, Mass
Mutual and more. PAG has seen an inflow of RIAs and independent
broker-dealers that want to benefit from increased economics by
outsourcing efficiencies and compliance.
Charlie Latimer, Director of
National Recruiting commented, "This was an interesting case for
us. Jeff and his daughter, Erin, spent considerable time evaluating
the landscape and truly had a blank canvas to design the next leg
of their career. They could have gone anywhere, including launching
and operating their own RIA, but then they met us and the decision
became easy. That is, to enjoy the true independence and economics
the RIA model has to offer, but align with a partner that handles
all of the compliance and regulatory infrastructure."
Media Contact:
Abby
Salameh
Abby.salameh@privateadvisorgroup.com
Phone (973)-867-1354
About Private Advisor Group
Private Advisor Group
(PAG) is a hybrid solution that supports independent financial
advisors throughout the U.S., providing superior customer service,
in-depth risk management and forward-thinking solutions. Advisors
are supported by the industry's largest independent broker-dealer –
enabling them to efficiently run their businesses and stay focused
on serving their clients' needs. Private Advisor Group is based in
Morristown, N.J., and, as reported
by PAG, serves more than 600 financial advisors and serves
$10B in assets, as of June. 30, 2016.
For more information, please visit www.privateadvisorgroup.com.
About LPL Financial
LPL Financial LLC, a wholly owned
subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is a
leader in the retail financial advice market and served
$502 billion in advisory and
brokerage assets as of September 30,
2016. LPL is one of the fastest growing RIA custodians and
is the nation's largest independent broker-dealer (based on total
revenues, Financial Planning magazine June 1996-2016). The Company
provides proprietary technology, comprehensive clearing and
compliance services, practice management programs and training, and
independent research to more than 14,000 independent financial
advisors and over 700 financial institutions, enabling them to help
their clients turn life's aspirations into financial realities.
Advisors associated with LPL also serviced an estimated 45,000
retirement plans with an estimated $129
billion in retirement plan assets, as of September 30, 2016. LPL also supports
approximately 4,200 financial advisors licensed and affiliated with
insurance companies with customized clearing, advisory platforms,
and technology solutions. LPL Financial and its affiliates have
more than 3,200 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit
www.lpl.com.
1Based on advisor headcount and revenues, 2015
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SOURCE Private Advisor Group