LPL Grabs Advisors With $700M From Osaic

LPL Financial says it has recruited seven financial advisors, who work in five different teams and have combined assets of about $700 million, from Osaic (formerly known as Advisor Group).  

Based in the Minneapolis suburb of Maple Grove, the advisors making the move are Susan Anderson, Marie Henrichs, CFP, and Michael Matheson, CFP, of the M² Financial Group; Amy R. Holewa, CFP, of Holewa Financial; Paul Lyon, CFP; Jeff Schuler, CFP, of Schuler Financial Advisor Group; and Dan Pias. They have 170 years of combined industry experience.

“I have been watching LPL for some time now and have been consistently impressed by the company’s advisor-centric commitment and their continuous investment in technology and business solutions,” said Matheson, who has been an advisor for 35 years and worked with Osaic since 2005, according to FINRA Brokercheck.

After a meeting at one of LPL’s headquarters, “the decision to move to LPL was really a no-brainer,” he added.

According to the veteran advisor: “With LPL’s practice acquisition and succession programs, we can grow our businesses and set the next generation of advisors up for success. Jeff has already brought his son, Payton, into the fold and Dan recently welcomed his son, Zach, to his practice as well.”