LPL Financial Holdings added Miami-based Ingham Retirement Group, with $1.1 billion in assets under management, to its broker-dealer and registered independent advisor custodial platform.
The added advisory team, announced Thursday, expands LPL's independent advisor reach in the region.
Ingham, an independent advisory firm with 12 investment advisors in its team of 50 members, focuses on retirement plan consulting and has worked on more than 7,600 benefit plans around the United States.
"We are extremely enthusiastic about joining," LPL, Kenneth Ingham, Ingham Retirement's president and CEO, said in a statement. "Their extensive technological, research and support capabilities provide tremendous operational efficiencies."
Ingham continued: "We believe that the networking and best-practices learning opportunities that come from an affiliation with LPL Financial are enormously valuable. As a leader in the independent advisory space, with its deep understanding of retirement plan advisors and sponsors, and with its other specialties in areas such as high-net-worth services, LPL Financial really understands our particular needs."
LPL provides brokerage, clearing and other professional services to roughly 13,300 self-employed advisers and about 700 financial institutions.