LPL Financial and Momentum Wealth Partners Welcome Beacon Financial
LPL Financial (NASDAQ: LPLA) announced that Beacon Financial has joined its broker-dealer, RIA, and custodial platforms, partnering with Momentum Wealth Partners. The Toledo-based Beacon Financial team, led by CEO Greg Kopan, transitions from Cetera with approximately $850 million in assets and 10 advisors.
Key factors in choosing LPL included its strategic succession planning team, integrated technology with single sign-on capabilities, and significant investment in cybersecurity (over $500 million last year). The multi-generational practice serves business owners, professionals, and retirees, focusing on personalized financial planning.
LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets for approximately 7 million Americans.
LPL Financial (NASDAQ: LPLA) ha annunciato che Beacon Financial si è unita alle sue piattaforme di broker-dealer, RIA e custodia, collaborando con Momentum Wealth Partners. Il team di Beacon Financial con sede a Toledo, guidato dal CEO Greg Kopan, proviene da Cetera con circa 850 milioni di dollari in asset e 10 consulenti.
I fattori chiave nella scelta di LPL sono stati il team strategico di pianificazione della successione, la tecnologia integrata con accesso unico (single sign-on) e l'importante investimento in cybersicurezza (oltre 500 milioni di dollari l'anno scorso). Lo studio multi-generazionale serve imprenditori, professionisti e pensionati, concentrandosi su una pianificazione finanziaria personalizzata.
Attualmente LPL Financial supporta quasi 29.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, gestendo circa 1,8 trilioni di dollari in asset di intermediazione e consulenza per circa 7 milioni di americani.
LPL Financial (NASDAQ: LPLA) anunció que Beacon Financial se ha unido a sus plataformas de broker-dealer, RIA y custodia, asociándose con Momentum Wealth Partners. El equipo de Beacon Financial con sede en Toledo, liderado por el CEO Greg Kopan, proviene de Cetera con aproximadamente 850 millones de dólares en activos y 10 asesores.
Los factores clave para elegir LPL incluyeron su equipo estratégico de planificación de sucesión, tecnología integrada con inicio de sesión único y una inversión significativa en ciberseguridad (más de 500 millones de dólares el año pasado). La práctica multigeneracional atiende a propietarios de negocios, profesionales y jubilados, enfocándose en una planificación financiera personalizada.
LPL Financial actualmente respalda a casi 29,000 asesores financieros y aproximadamente 1,200 instituciones financieras, gestionando cerca de 1.8 billones de dólares en activos de corretaje y asesoría para aproximadamente 7 millones de estadounidenses.
LPL Financial (NASDAQ: LPLA)는 Beacon Financial이 브로커-딜러, RIA 및 수탁 플랫폼에 합류하여 Momentum Wealth Partners와 협력한다고 발표했습니다. 토레도에 본사를 둔 Beacon Financial 팀은 CEO Greg Kopan이 이끌며 Cetera에서 약 8억 5천만 달러의 자산과 10명의 어드바이저와 함께 이전합니다.
LPL을 선택한 주요 요인으로는 전략적 승계 계획 팀, 싱글 사인온 기능이 포함된 통합 기술, 그리고 지난해 5억 달러 이상 투자한 사이버 보안이 꼽혔습니다. 다세대 고객을 대상으로 하는 이 팀은 사업주, 전문가, 은퇴자를 위한 맞춤형 재무 계획에 중점을 둡니다.
LPL Financial은 현재 약 29,000명의 재무 상담사와 약 1,200개의 금융 기관을 지원하며, 약 1.8조 달러의 중개 및 자문 자산을 약 700만 미국인에게 관리하고 있습니다.
LPL Financial (NASDAQ : LPLA) a annoncé que Beacon Financial a rejoint ses plateformes de courtage, RIA et de garde, en partenariat avec Momentum Wealth Partners. L'équipe de Beacon Financial basée à Toledo, dirigée par le PDG Greg Kopan, quitte Cetera avec environ 850 millions de dollars d'actifs et 10 conseillers.
Les facteurs clés dans le choix de LPL incluent son équipe stratégique de planification de la succession, une technologie intégrée avec une authentification unique, et un investissement important dans la cybersécurité (plus de 500 millions de dollars l'année dernière). Cette pratique multi-générationnelle sert des propriétaires d'entreprise, des professionnels et des retraités, en se concentrant sur une planification financière personnalisée.
LPL Financial soutient actuellement près de 29 000 conseillers financiers et environ 1 200 institutions financières, gérant environ 1,8 billion de dollars d'actifs de courtage et de conseil pour environ 7 millions d'Américains.
LPL Financial (NASDAQ: LPLA) gab bekannt, dass Beacon Financial sich seinen Broker-Dealer-, RIA- und Depotplattformen angeschlossen hat und eine Partnerschaft mit Momentum Wealth Partners eingegangen ist. Das in Toledo ansässige Beacon Financial Team unter der Leitung von CEO Greg Kopan wechselt von Cetera mit etwa 850 Millionen US-Dollar an Vermögenswerten und 10 Beratern.
Wichtige Gründe für die Wahl von LPL waren das strategische Nachfolgeplanungsteam, integrierte Technologie mit Single-Sign-On-Funktionalität und erhebliche Investitionen in die Cybersicherheit (über 500 Millionen US-Dollar im letzten Jahr). Die mehrgenerationale Praxis betreut Geschäftsinhaber, Fachleute und Rentner mit Fokus auf individuelle Finanzplanung.
LPL Financial unterstützt derzeit fast 29.000 Finanzberater und etwa 1.200 Finanzinstitute und verwaltet rund 1,8 Billionen US-Dollar an Brokerage- und Beratungsvermögen für etwa 7 Millionen Amerikaner.
- Addition of $850 million in assets under management to LPL's platform
- Expansion of LPL's advisor network with 10 new experienced advisors
- Strategic growth through successful recruitment from competitor Cetera
- None.
Insights
LPL adds $850M in assets by onboarding Beacon Financial, strengthening its advisor network and competitive position against Cetera.
The acquisition of Beacon Financial represents another strategic win for LPL Financial in the ongoing battle for advisor assets. This $850 million addition to LPL's platform demonstrates the company's continued execution of its growth strategy in the advisor-mediated marketplace. The transition of a 10-advisor team from direct competitor Cetera indicates LPL's strong competitive positioning, particularly in offering technology infrastructure and succession planning resources that are critical decision factors for multi-generational practices.
What's particularly noteworthy is Beacon's extensive due diligence process—10 months of research before selecting LPL—suggesting their platform offers compelling advantages that withstand rigorous scrutiny. LPL's $500+ million investment in technology infrastructure and cybersecurity last year appears to be paying dividends as a competitive differentiator, especially for practices with older client demographics where user experience and security concerns are paramount.
From a financial perspective, while the $850 million in assets represents only a fractional increase to LPL's $1.8 trillion total platform assets, these incremental acquisitions are fundamental to LPL's scaling strategy and compound over time. The multi-service approach—offering broker-dealer, RIA, and custodial services simultaneously—maximizes revenue potential from these assets while creating multiple relationship touchpoints that increase switching costs for advisors considering future moves.
The partnership with Momentum Wealth Partners demonstrates LPL's effective use of existing relationships to facilitate new acquisitions, creating an ecosystem where established firms help attract and integrate new practices, multiplying LPL's business development capabilities beyond its direct sales efforts.
SAN DIEGO, May 22, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Beacon Financial has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. The Beacon Financial team of 10 advisors reported having served approximately
Based in Toledo, Ohio, Beacon Financial is led by Principal Owner and CEO Greg Kopan, AIF®, a seasoned financial services veteran with nearly two decades of industry experience. Kopan founded Beacon Financial in 1997 with the goal of helping clients build a more secure financial future. Today, Beacon Financial is a multi-generational practice leveraging multiple perspectives to work toward predictability for their clients’ wealth horizon.
“Our clients range from business owners and professionals to those nearing or in retirement, and we take a comprehensive approach to understanding each of their needs and goals to create a personalized and tailored plan to help them meet their short- and long-term goals,” Kopan said.
Looking to pair their client-centered philosophy with the desire to provide their clients with an elevated experience, the team spent 10 months researching firms and doing their due diligence before selecting LPL and Momentum as the best partners for their business goals.
“LPL stood out to us for several reasons,” Kopan said. “First, LPL has a strategic succession planning team, and that’s incredibly important as we are a multi-generational practice, and the future of the firm is always top of mind. LPL’s robust integrated and streamlined technology also stood out because we have a lot of older clients, and I am confident that having a single sign-on will be a positive change for them. Another deciding factor is that LPL understands our concerns around cybersecurity and is committed to helping combat the issue. Last year, LPL spent more than
Kevin Frank, Momentum Wealth Partners Managing Partner and Co-founder, stated, “At Momentum, our mission is to empower advisors to achieve their professional goals by providing strategic planning, personalized support and an unwavering partnership — the same type of partnership that the Beacon Financial team provides to their clients. We look forward to a successful partnership for years to come.”
Scott Posner, Managing Director, Business Development, said, “We welcome the Beacon Financial team and are honored they turned to LPL and Momentum Wealth Partners for the next phase of their business. At LPL, we are committed to helping advisors provide differentiated experiences by delivering innovative capabilities and strategic resources that make it easier for advisors to manage their practices and build long-term value with their clients.”
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Beacon Financial, Momentum Wealth Partners and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2024.
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