LPL Financial Nabs $1B Cetera Team

The Tagge Rutherford advisors and financial professionals "take a team approach to providing clients with comprehensive wealth management, retirement planning, insurance and tax strategies, estate planning and other financial services," LPL Financial said in a press release.

The group decided to join LPL to take advantage of its integrated technology and self-clearing capabilities. After the global COVID-19 pandemic created the need to serve clients remotely, the Tagge Rutherford team became even more aware of the need for enhanced technology capabilities, the IBD said.

"We recognized a need for a change — one that impacts clients positively and creates more office efficiencies," according to Peterson, who has 23 years of industry experience.

"With LPL's technology platform, the tools we use to serve clients — from reporting to trading — work together under a single sign-on," he said in a statement, adding: "It will be so much easier to manage the day-to-day support of clients, and they will have a transformed experience as well."

Welcoming the Tagge Rutherford team, Rich Steinmeier, LPL Financial managing director and divisional president, business development, said: "We look forward to partnering with the Tagge Rutherford team for years to come."