When the founders of newly formed group of advisory firms, Financial Advocacy Network, went looking for an independent broker-dealer, its unusual business model posed a challenge.
The Washington D.C.-area firm's co-founder, Chris Cox, says he and his partners chose LPL Financial because it was not only able to support the company's network business model -- which includes four advisory firms and 13 advisors, with $450 million in advisory and brokerage assets -- but it would help expand it.
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