LPL Financial Welcomes Frank Financial Concepts, Following Impressive Q1 2024 Performance
SAN DIEGO, May 28, 2024 - LPL Financial LLC, a renowned financial services company, made a major announcement today regarding the addition of financial advisors Roger Frank and Michael Ward, CFP, from Frank Financial Concepts to their broker-dealer, RIA, and custodial platforms. This move signifies the company’s strategic expansion and the continued growth of its advisory, brokerage, and retirement plan assets, which is estimated to be around $200 million.
Frank Financial Concepts, previously associated with Berthel Fisher & Co. has decided to join forces with LPL Financials, attracting attention within the financial industry. This move holds a significant impact as LPL Financials positions itself as a leader in providing top-notch financial solutions to its clients.
LPL Financials, known for its comprehensive range of services and state-of-the-art platforms, has successfully attracted experienced professionals like Roger Frank and Michael Ward. By joining LPL Financials, these financial advisors will have access to a robust technology framework and a broader network, allowing them to better serve their clients’ needs.
The decision by Frank Financial Concepts to transition from Berthel Fisher & Co. to LPL Financials may be attributed to the latter’s strong reputation and track record. LPL Financials has managed to achieve an impressive return on equity (ROE) of 58.97% during the first quarter of 2024, setting a new record for the company. Such remarkable performance would naturally draw the attention of industry professionals like Roger Frank and Michael Ward.
The addition of Frank Financial Concepts to LPL Financials is likely to enhance the company’s overall financial advisory and brokerage capabilities. The experience and expertise brought by Roger Frank and Michael Ward will undoubtedly contribute to LPL Financials’ ability to provide superior services to its expanding client base.
As LPL Financials continues to strengthen its position as a leading financial services provider, this move showcases the company’s commitment to growth and innovation. The addition of Frank Financial Concepts aligns with LPL Financials’ goal of continuously attracting top talent and expanding their capabilities in meeting the evolving financial needs of their clients.
In conclusion, the incorporation of Frank Financial Concepts into LPL Financials presents a promising chapter in the company’s growth trajectory. The addition of experienced financial advisors like Roger Frank and Michael Ward, along with LPL Financials’ impressive Q1 2024 performance, solidifies the company’s position as a powerhouse in the financial industry.
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