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LPL Financial Lands One of Its Largest Recruits Yet

Integrated Financial Partners, a Waltham, Mass.-based OSJ with 135 financial advisors and $4 billion in brokerage and advisory assets, has joined LPL.

LPL Financial may be losing one of its largest advisors, Ron Carson, to Cetera, but the independent broker/dealer has just recruited Integrated Financial Partners, a Waltham, Mass.-based office of supervisory jurisdiction with 135 advisors and $4 billion in brokerage and advisory assets. IFP is one of LPL's largest recruiting wins ever.

IFP, led by founder and president Paul Saganey, was previously registered with Lincoln Financial Advisors.

“Watching LPL lead the industry in preparing for the DOL fiduciary rule and seeing our advisors’ excitement about what LPL’s new ClientWorks technology platform can do for their business made it clear that LPL is a firm that will grow with IFP and can continue to support us as our needs grow and evolve in the future,” Saganey said in a statement.

Saganey has built up the firm via its Professional Partnership Program, in which the firm teams up with CPAs to provide an enhanced offering to clients.

IFP recently became one of the first OSJs to join the Financial Services Institute, the advocacy organization for independent advisors. After LPL left the organization earlier this summer, FSI announced it would now allow OSJs of non-member firms to join.

 

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