Sweeney Wealth Advisors and Hege Financial Group joined LPL Financial, the independent broker/dealer and investment advisory firm announced this week.
LPL stated it recruited Christopher Sweeney to its corporate registered investment advisor and b/d platform. Sweeney, who is based in Toledo, Ohio, joins from Ameriprise with intentions of providing more “customized advice for his clients,” he said in a statement.
“I’m able to create my own brand as I grow my company, and yet I have access to a competitive array of money management platforms. Because LPL doesn’t own insurance companies or mutual funds, I can be fully transparent in the services I provide as I help my clients work toward their financial goals,” said Sweeney of the move.
Sweeney Wealth Advisors offers financial and retirement planning and investment advice for families and individuals. Sweeney brings $125 million in brokerage, advisory and retirement plan assets, according to LPL.
LPL also picked up Winston-Salem, N.C.-based Hege Financial Group this week. The firm, which offers investment and advisory services along with insurance products, joins from Lincoln Financial Securities, a b/d it had been with for the past 16 years. It includes President and CEO Will E. Hege IV and advisors Bill Gribble, Perry Hudspeth and Steven Rubin. All together, the advisors manage about $275 million in brokerage and advisory assets.
Both additions to LPL come after its third quarter report revealed that it netted 188 new advisors, rising from 16,161 advisors to 16,349. Thirty-six of those new advisors are from the acquisition of Allen & Company, which completed at the end of the third quarter. The firm has $719 billion in advisory and brokerage assets.