$400M Securities America Team Drops Own RIA to Join LPL

LPL Financial announced that two advisors with a total of about $400 million in advisory, brokerage and retirement plan assets have joined its broker-dealer, registered investment advisor and custodial platforms from Advisor Group’s Securities America.

The advisors, Thomas Reynolds and Kathleen Gfrorer, operate as Landmark Capital, which also includes support staff Steven Mallo and Lauren Friscia, according to LPL. The team, based in Oak Brook, Illinois, will shut down its own RIA and join LPL’s corporate RIA, according to an LPL press release.

“By joining LPL’s RIA, we’ll have enhanced back office support so we can alleviate ourselves of some of those responsibilities and concentrate more on helping our clients,” Gfrorer said in a statement.

The team is also counting on LPL to expand its staff, according to Gfrorer.

“We also plan to grow our team by bringing on additional advisors to help with our succession planning. LPL’s vast network of advisors should open up many doors for someone we can pull into our group to make sure clients will be well-taken care of for generations to come,” she said in the release.

Reynolds has been in the industry since 1997, when he registered with Securities America. He registered again with Securities America in 2002 and has also been registered with PEB Financial Group and Landmark Capital, according to his BrokerCheck record.

Gfrorer has been in the industry since 1981, when she registered with Balcor Securities Co., and was registered with Securities America in 1997 and again in 2002, according to her BrokerCheck record. She has also been registered with PEB Financial Group and Landmark Capital, according to her BrokerCheck record.

( This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.financialadvisoriq.com/c/4051754/523554/securities_america_team_drops_join )