CHARLOTTE, N.C., Nov. 03, 2021 (Globe NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA) declared today that River Cities Economical Solutions has joined LPL Financial’s broker-vendor, company registered investment advisor (RIA) and custodial platforms, aligning with big business JFC Advisor Community. The advisors claimed getting served close to $350 million in advisory, brokerage and retirement strategy assets*. They sign up for LPL from Cetera Economical Group.
With registered offices in Marietta, Beverly and Chillicothe, Ohio, River Cities has a wealthy historical past in the local community, starting off as an insurance policy agency in 1948 prior to expanding into prosperity administration in 1985. Supervisor and Owner Michael Anthony is joined by founders Leslie Futrell and Rick Walters, as nicely as fellow money advisors Stacey Brooks and Keith Thieman. They are assisted by a lengthy-tenured four-member business guidance staff.
“We are a local community-oriented staff and happy to serve the several modest business enterprise owners, retirees and farmers in our towns. We check out our purchasers as an extension of our very own people, and we want what is greatest for them,” Anthony reported. “We just take a staff solution to supplying answers for each individual phase of existence, with companies spanning from thorough money planning to worker retirement strategy tactics.”
What will help established River Cities apart is that its 5 advisors each and every characterize a distinct 10 years, ranging in age from mid-30s to early 70s. “We all deliver exclusive ordeals and differing sights to the staff to assist guarantee our clients’ money needs will be taken treatment of now and for generations to arrive,” Anthony reported.
Hunting for a new lover, the staff turned to LPL for the future chapter of their business enterprise. “This move presents us the versatility to continue on to make the exercise on our very own phrases, putting our clients’ passions at the centre of every little thing we do. With LPL, we have the balance of a publicly-traded enterprise together with innovative, built-in technological know-how that’s in a simple format, making it possible for us to invest more time with purchasers. There is very little more gratifying than being able to sit down experience-to-experience with purchasers and assist them get the job done towards their money dreams.”
Jack Connealy, founder of JFC Advisor Community, stated, “We are honored to welcome River Cities Economical Solutions to JFC Advisor Community. They have built an amazing exercise, and their dedication to elevating their business enterprise is evidenced in their choice to move to LPL and affiliate with JFC. In performing so, they position on their own to even further their development and achievements. They advantage not only from the technological know-how, tools and platforms of the biggest impartial broker vendor in the nation, but at the exact same time achieve a limited-knit local community of advisors and have the guidance and advocacy of our comprehensive team of business specialists at JFC. We appear forward to supporting Mike, Stacey, Keith, Les, Rickie, and the complete River Cities staff.”
Scott Posner, LPL government vice president, Small business Development, stated, “We welcome Mike, Les, Rick, Stacey and Keith to the LPL local community and are happy that our impartial platform served as a differentiator for the River Cities staff. As a lover with scale, our dedication to service and ongoing investments in our advisors’ enterprises is unwavering. We will continue on to provide innovative abilities and strong business enterprise answers designed to assist advisors make their excellent exercise and deliver extra price to their purchasers. We congratulate JFC on its continued development and appear forward to a lengthy-long lasting romance with both equally JFC and River Cities Economical Solutions.”
Advisors, obtain an LPL business enterprise growth representative near you.
About LPL Economical
LPL Economical (Nasdaq: LPLA) was launched on the principle that the business need to get the job done for the advisor, and not the other way about. Right now, LPL is a leader** in the markets we serve, supporting more than 19,000 money advisors, 800 institution-based mostly investment packages and 450 impartial RIA companies nationwide. We are steadfast in our dedication to the advisor-centered product and the belief that People in america should have accessibility to goal steering from a money advisor. At LPL, independence implies that advisors have the flexibility they should have to opt for the business enterprise product, companies, and technological know-how assets that allow them to run their excellent exercise. And they have the flexibility to regulate their shopper relationships, for the reason that they know their purchasers greatest. Simply place, we just take treatment of our advisors, so they can just take treatment of their purchasers.
** Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Independent Broker-Supplier in the U.S (Centered on complete revenues, Economical Organizing journal 1996-2021) No. 1 supplier of third-get together brokerage companies to financial institutions and credit history unions (2020-2021 Kehrer Bielan Research & Consulting Yearly TPM Report) Fortune 500 as of June 2021
*Centered on prior business enterprise and signifies assets that would have been custodied at LPL Economical, rather than third-get together custodians. Documented assets and shopper quantities have not been independently and fully confirmed by LPL Economical.
Securities and advisory companies available by means of LPL Economical LLC, an SEC– registered broker-vendor and investment advisor. Member FINRA/ SIPC
All through this interaction, the phrases “financial advisors” and “advisors” are utilized to refer to registered representatives and/or investment advisor representatives affiliated with LPL Economical LLC. We routinely disclose information that may well be vital to shareholders in the “Investor Relations” or “Press Releases” area of our web site.
River Cities Economical Solutions, JFC Advisor Community and LPL Economical are separate entities.
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Media Speak to:Lauren Hoyt-Williams(980) 321-1232
[email protected]
Source: LPL Economical Holdings, Inc.
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