Business
LPL Financial Welcomes SC Financial Group
CHARLOTTE, N.C., March 27, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that SC Financial Group has joined LPL Financial’s broker-dealer, RIA
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"CHARLOTTE, N.C., March 27, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that SC Financial Group has joined LPL Financial’s broker-dealer, RIA and custodial platforms. The team reported having served approximately $220 million in advisory, brokerage and retirement plan assets*, and joins LPL from Cadaret Grant & Co, now part of the Atria Group. Financial advisors Shane Cloninger and Susan Carter, who has since retired, founded the Bellevue, Wash.,- based practice in 2008 with a mission to deeply understand and foster each client’s true needs and financial goals. The multigenerational practice has evolved over the years to include fellow advisors Robert Davis, Rumesh Senanayake and Alex Carter, Susan’s son. The team focuses heavily on retirement income strategies, investor education and portfolio management, often creating a “roadmap to retirement” for each client. “We believe that building a comprehensive financial plan is the most fundamental tool in proper financial planning. The financial plan forms the basis for the creation of the equally important investment strategy that is tailored to each client specifically,” said Cloninger, who has hosted the “Retirement Freedom” radio show in the Pacific Northwest for more than a decade. In the wake of industry consolidation, Cloninger and team chose to move their business to LPL. “LPL Financial is a high quality, Fortune 500 firm that I know we can count on,” Cloninger said. “It’s an industry leading wealth management company that has stood the test of time and will help me provide more consistent experiences for my clients. It’ll be nice to have the same broker-dealer and custodian under one roof, and LPL’s customized, integrated capabilities will provide clients with easy access to their account information. As we connect with younger generations of clients, it’s more important than ever to have access to the latest tools and resources.” Scott Posner, LPL Executive Vice President, Business Development, added, “We welcome Shane, Alex, Robert and Rumesh to the LPL community and are proud to support them as they continue to build out their perfect practice. LPL is a champion in the marketplace for financial advisors and we are centered on empowering advisors so they can do what’s best for their clients. We are committed to providing innovative technology and robust busin...