LPL Financial has added Zions Bancorporation to its Institution Services platform, encompassing 50 advisors focused primarily on serving high-net-worth investors. LPL provides brokerage, wealth management and trust services to more than 740 banks and credit unions across the country.
In its search for a broker/dealer, Zions looked closely at firms’ client experience; compliance, operations and technology; products and services, advisor portal, and tools; and finance and accounting.
“We were particularly impressed with LPL’s technology, including its mobile capabilities, and the extent of advisor and operational supervision that LPL will provide,” said Julie Castle, executive vice president of Zions Bancorporation and CEO of Zions Capital Advisors. “The resources and skill set of the people we worked with at LPL also distinguished them above other potential partners we met.”
Zions provides wealth management through eight of its subsidiaries, including Zions First National Bank (Utah, Idaho, Wyoming), California Bank & Trust, Amegy Corporation (Texas), National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado (Colorado, New Mexico), The Commerce Bank of Washington, and The Commerce Bank of Oregon.