CFO4LIFE, a Coppell, Texax, financial planning firm with more than $450 million in assets, announced Thursday it is departing from LPL Financial to become an RIA.

The firm has partnered with TD Ameritrade, Ash Insurance brokerage and Ausdal Financial Partners.

"The single most important element is a good cultural fit. CFO4Life is an outstanding organization that has taken a bold and exciting step to enter into a unique alliance between like-minded firms that will enhance and strengthen all organizations involved," said Tim Ash, the chairman and CEO of Ash Brokerage.

CFO4LIFE was founded by Levi McMellian, Brian Chastain and Larry Silverma. McMellian, the firm's CEO, said, "I am ecstatic that we were able to bring this opportunity to fruition, further demonstrating our strength at delivering immediate value to our clients.

Chastain, CFO4LIFE's chief investment officer, added, "I am proud we have built a reputable firm with a valuable team allowing us to take the next steps toward progression that every small business hopes for. I am excited we can accelerate our growth and gain a more robust client service model with expanded capabilities and resources to make the lives of our clients even better."