JFC Financial Services, the largest office of supervisory jurisdiction at Securities America with 100 advisors, 17 employees and $3 billion in assets, has joined LPL Financial’s brokerage, corporate registered investment advisor and custodian platforms.
JFC, headquartered in Lincoln, Neb., made the move in response to Advisor Group’s acquisition of Ladenburg Thalmann, the former parent of Securities America.
Jack Connealy, JFC’s founder, also cited LPL’s recruiting support. The firm recently added 12 advisors, including six from Advisor Group.
“We knew LPL was a growth partner that could help us achieve our goals quickly. We’ve already seen significant recruiting success in the last three months thanks to the support from LPL,” Connealy said.
He was also attracted to LPL’s integrated technology platform.
“We love that the ClientWorks Connected capabilities are integrated and we can access everything easily without having to toggle from one window to another,” he said. “The little things add up, like one click versus four clicks, and we’ve already seen a significant time savings.”
On a recent earnings call, LPL CEO Dan Arnold said recruiting activity was high in January and February of this year, then slowed in March, due to the market volatility and transition to remote working. But activity picked back up in April, and now the firm’s recruiting pipeline is at an all-time high.