LPL Financial, the nation’s largest independent broker-dealer, announced Monday that Legacy Financial Planning has transitioned to its broker-dealer platform.
The move brings $150 million of client assets from Legacy Financial, an independent advisory firm, to LPL.
“We found the depth of advisor resources and the uncompromised independence offered by LPL Financial to be unmatched in the industry,” said Tammy Mogilski, co-leader and senior financial planner of Legacy Financial. “The assistance they are already providing us in such areas as technology, investment research, and marketing, combined with the ease of doing business on their platform, is truly extraordinary.”
Mogilski, an industry veteran with 26 years of experience, was ranked the top woman producer and the number three producer overall at the leading insurance broker-dealer where she was previously affiliated.
“We are pleased that such outstanding professionals have chosen LPL Financial for the comprehensive support capabilities we offer, so they may continue to service their clients with the highest quality of independent advice and complete investment freedom,” said Bill Morrissey, executive vice President of Business Development at LPL Financial.
In addition to the transition to LPL’s broker-dealer platform, Legacy Financial has also joined the hybrid RIA platform of Private Advisor Group, an independent producer group affiliated with LPL Financial. The hybrid RIA platform provides independent advisors across the United States with compliance, business development, succession planning, and other back and middle office support services.
“We have enjoyed invaluable support from Private Advisor Group, which has made our transition, and the transition of our clients, to our independent advisory firm smooth and seamless,” said Brian Bedford, co-leader of Legacy Financial. “We greatly appreciate their help and could not have done it without them.”