LPL Financial LLC (Nasdaq: LPLA) announced today that over 30
financial advisors with Academy Financial, Inc., and PFG Advisors
have joined LPL Financial’s broker-dealer, RIA and custodial
platforms. Collectively, they reported serving approximately $4
billion in advisory, brokerage and retirement plan assets* and join
LPL from Lincoln Financial, now part of Osaic.
Headquartered in Lutherville, Md., Academy Financial was founded
in 1992 by U.S. Military Academy graduate Harry Horn, CLU®, ChFC®,
CRPC®, who built a client-centric firm based on the principles of
integrity, professionalism and service. Since then, Academy has
grown into a full-service, multidisciplinary financial planning
firm that specializes in developing innovative wealth creation and
preservation strategies. It’s now 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®, a former
Maritime officer and United States Merchant Marine Academy grad.
Horn continues to serve as a consultant and partner emeritus.
Based in Berwyn, Pa., PFG Advisors is led by Tyler McCraw, CFP®,
and Steve Morris, ChFC®, CRPC®, CBEC®. PFG Advisors focuses on
comprehensive financial planning with specializations in business
succession planning, estate planning and corporate retirement
strategies.
With the move to LPL, the two firms will merge and operate under
the Academy brand umbrella. Together, they are unifying their
shared commitment to building and preserving wealth for families,
executives and business owners.
“We’re honored to have PFG Advisors join us as we continue to
grow our firm and build meaningful relationships with clients,”
Kvech said. “The PFG team shares our serve-first approach, and we
look forward to collaborating on behalf of clients for the sole
purpose of helping them work toward their financial goals with
their best interests in mind.”
The teams turned to LPL for enhanced operational capabilities
and access to advanced tools to help them efficiently manage client
portfolios and concentrate on delivering personalized financial
advice.
“LPL is in the business of supporting our business,” Kvech said.
“We felt the stability of LPL — a Fortune 400 company with a large
infrastructure, economies of scale and robust technology — would
enable us to operate independently and focus solely on taking care
of our clients. Ultimately, this move was made for the benefit of
our clients and is part of our longtime mission to ‘serve first,
serve last and serve always.’ We believe if you take care of
clients and offer the best possible environment and services,
everything will work out.”
Scott Posner, LPL Executive Vice President, Business
Development, said, “We welcome Academy Financial and PFG Advisors
to LPL. At LPL, our vision is to be the best wealth management firm
to help advisors maximize their success. We do that by providing
innovative technology, tools, resources and a flexible operating
environment that empowers advisors to deliver great advice and run
thriving businesses. We look forward to supporting Academy
Financial and PFG Advisors as they combine efforts and advance
their practices to the next level.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and institutions, and not the other way around. Today,
LPL is a leader in the markets we serve, serving nearly 23,000
financial advisors, including advisors at approximately 1,100
institutions and at approximately 570 registered investment advisor
("RIA") firms nationwide. We are steadfast in our commitment to the
advisor-mediated model and the belief that Americans deserve access
to personalized guidance from a financial professional. At LPL,
independence means that advisors and institution leaders have the
freedom they deserve to choose the business model, services and
technology resources that allow them to run a thriving business.
They have the flexibility to do business their way. And they have
the freedom to manage their client relationships, because they know
their clients best. Simply put, we take care of our advisors and
institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL
Financial LLC ("LPL Financial"), a registered investment advisor.
Member FINRA/SIPC. LPL Financial and its affiliated
companies provide financial services only from the United States.
Academy Financial, PFG Advisors 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.
We routinely disclose information that may be important to
shareholders in the "Investor Relations" or "Press Releases"
section of our website.
*Value approximated based on asset and holding details provided
to LPL from end of year, 2023.
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