Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor
LPL Financial sign in San Diego

Industry Spotlight > Switching Firms

LPL Recruits Osaic Teams With $4B

By John Manganaro

X
Your article was successfully shared with the contacts you provided.

LPL Financial has successfully recruited more than 30 financial advisors from two teams at Osaic, formerly Advisor Group.

The advisors collectively managed some $4 billion at Osaic and came to be part of the firm through its recently closed acquisition of broker-dealer Lincoln Financial Advisors and Lincoln Financial Securities, its partner registered investment advisor firm.

Moving forward, the advisors will join forces at LPL and operate under the Academy Financial brand umbrella.

Headquartered in Lutherville, Maryland, Academy Financial was founded in 1992 by U.S. Military Academy graduate Harry Horn. Since then, Academy has grown into a full-service financial planning firm that specializes in wealth creation and preservation strategies.

The firm is now led by partners Brent Kvech, T. Joseph Barger, Michael Leonard and Michael McFeeley, while Horn continues to serve as a consultant and partner emeritus.

Based in Berwyn, Pennsylvania, the second advisor team is led by Tyler McCraw and Steve Morris. The group focuses on comprehensive financial planning with specializations in business succession planning, estate planning and corporate retirement strategies.

“We’re honored to have [the team] join us as we continue to grow our firm and build meaningful relationships with clients,” Kvech said in a statement, noting that the teams turned to LPL for enhanced operational capabilities and access to tools to help them efficiently manage client portfolios and deliver personalized financial advice.

The news comes about one month after independent broker-dealer LPL — which had 23,462 advisors and total client assets of $1.5 trillion as of June 30 — said it had recruited another Osaic advisor team in the firm’s Investment Advisors Financial Group, who reported serving clients with about $1 billion in assets.

Credit: Adobe Stock

John Manganaro

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.