Press release
LPL Financial and Momentum Wealth Partners Welcome Beacon Financial
SAN DIEGO, May 22, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Beacon Financial has joined LPL Financial’s broker-dealer, Registered
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"SAN DIEGO, May 22, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Beacon Financial has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. The Beacon Financial team of 10 advisors reported having served approximately $850 million in advisory, brokerage and retirement plan assets* and joins LPL from Cetera. Based in Toledo, Ohio, Beacon Financial is led by Principal Owner and CEO Greg Kopan, AIF®, a seasoned financial services veteran with nearly two decades of industry experience. Kopan founded Beacon Financial in 1997 with the goal of helping clients build a more secure financial future. Today, Beacon Financial is a multi-generational practice leveraging multiple perspectives to work toward predictability for their clients’ wealth horizon. “Our clients range from business owners and professionals to those nearing or in retirement, and we take a comprehensive approach to understanding each of their needs and goals to create a personalized and tailored plan to help them meet their short- and long-term goals,” Kopan said. Looking to pair their client-centered philosophy with the desire to provide their clients with an elevated experience, the team spent 10 months researching firms and doing their due diligence before selecting LPL and Momentum as the best partners for their business goals. “LPL stood out to us for several reasons,” Kopan said. “First, LPL has a strategic succession planning team, and that’s incredibly important as we are a multi-generational practice, and the future of the firm is always top of mind. LPL’s robust integrated and streamlined technology also stood out because we have a lot of older clients, and I am confident that having a single sign-on will be a positive change for them. Another deciding factor is that LPL understands our concerns around cybersecurity and is committed to helping combat the issue. Last year, LPL spent more than $500 million on technology infrastructure and cybersecurity to help advisors keep their businesses — and their clients — safe.” Kevin Frank, Momentum Wealth Partners Managing Partner and Co-founder, stated, “At Momentum, our mission is to empower advisors to achieve their professional goals by providing strategic planning...