LPL Financial, the nation's largest independent broker-dealer, announced Wednesday it added Delaware Valley Financial Group to its broker-dealer platform. 

Delaware Valley, which is based in King of Prussia, Pa., has nearly $500 million in client assets under management. Its 24 licensed advisors are transitioning their securities registrations to LPL. 

Bill Morrissey, the executive vice president of business development at LPL, said LPL has created an "extensive" relationship with Delaware Valley that includes "operational support, not only through our broker-dealer relationship but through a multi-faceted partnership that can assist them in all aspects of practice management support and counsel." 

Thomas A. Schirmer, Delaware Valley's chairman, said that by partnering with LPL, his company will have access to "an unprecedented assortment of practice management and development tools, designed and supported by one of the industry's finest broker-dealer."

"We believe our association with LPL Financial marks the next step in [Delaware Valley's] evolution as a leading financial services company and we look forward to a long and mutually successful affiliation with LPL Financial," Schirmer said.

Delaware Valley offers a range of financial services, including financial planning and wealth management, business solutions, retirement strategies and personal and property and casualty insurance solutions.

LPL offers integrated technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 13,100 financial advisors and approximately 685 financial institutions nationally. In addition, LPL Financial supports over 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions.

LPL and its affiliates have approximately 2,900 employees with headquarters in Boston, Charlotte, and San Diego. 

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