Michael O’Reilly and his son Patrick have joined LPL Financial from Securities Service Network, according to an announcement.
“We were looking to take a step forward in technology, and we found that LPL’s integrated capabilities will help us immensely with onboarding, processing and account administration, giving us more time to spend with our clients,” said Patrick O'Reilly.
At Securities Service Network, which is part of Advisor Group, the father-son duo managed approximately $150 million in advisory and brokerage assets. It moves to LPL’s brokerage and corporate RIA platform to continue to provide investments and tax advice and retirement planning to clients.
The advisor team will continue to reside in the St. Louis metropolitan area.
Michael O'Reilly started at Securities Service Network in 2003 and established an RIA named O’Reilly that same year. His son joined his practice from the bank channel seven years later in 2010.
Advisor Group consolidated Securities Services Network with Investacorp and KMS Financial after acquiring their previous owner Ladenburg Thalmann earlier this year. The consolidation prompted the O’Reillys to move to a new independent broker/dealer.
“We welcome Mike and Patrick to the LPL family. They have built a legacy practice by simplifying complex financial situations in order to help clients work toward their financial aspirations,” said Rich Steinmeier, LPL Financial’s managing director and divisional president.