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LaSalle Street Securities

LaSalle St. Securities Snags $600 Million Team From Cambridge

Stiles Financial Services in Edina, Minn. joins LaSalle after a decade with Cambridge Investment Research.

Independent brokerage LaSalle St. Securities said it has recruited Stiles Financial Services, an Edina, Minn.-based team with about $600 million in client assets. The firm, founded in 2000 by Susan Stiles, joins from Cambridge Investment Research, its broker/dealer for the last 10 years.  

“When we began searching for a new broker/dealer, we conducted extensive research on firms with the best combination of resources, access to senior leadership and a positive home-office culture,” Stiles said in a statement. “LaSalle St. proved to be the clear winner for us on all the key factors. This transition enables our team to unlock its full potential, both as a business and a steward for our clients. That is of crucial importance, as families and small-to-midsized businesses alike look for answers on how to emerge from the current widespread financial and economic disruptions in good condition.”

Her firm specializes in private wealth management, retirement plan consulting and institutional portfolio management, and serves individual investors, high-net-worth families, trusts and estates and foundations and endowments.

Stiles will transfer its brokerage accounts to LaSalle and service its advisory accounts in-house under the firm’s own registered investment advisory.

LaSalle, which has more than 300 financial advisors and $10 billion in total assets, recently launched a program to provide M&A loans to advisors with zero interest rates.

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