LPL Financial Welcomes Goodwin Petrilli Financial
Rhea-AI Summary
LPL Financial (LPLA) announced that Goodwin Petrilli Financial has joined LPL's broker-dealer, RIA and custodial platforms, bringing approximately $205 million in advisory, brokerage and retirement plan assets from Cambridge Investment Research. The Fort Collins, Colorado-based firm, founded in 1992, specializes in financial planning and investment management services, with a strong focus on serving educators in northern Colorado. The team chose LPL for its advanced technology platform, particularly highlighting the integrated ClientWorks system for enhanced client service delivery.
Positive
- Acquired new advisory team with $205 million in assets
- Expands presence in Northern Colorado market
- Strengthens educational sector client base
Negative
- None.
Insights
The addition of Goodwin Petrilli Financial, managing
The team's specialization in educator retirement planning and multi-generational wealth management adds valuable expertise to LPL's network. Their strong local presence in Northern Colorado and established referral network could provide LPL with enhanced market penetration in this region. The transition from Cambridge Investment Research also demonstrates LPL's competitive advantage in attracting established practices through its technology platform and support services.
SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Randy Petrilli, Matt Goodwin, Travis Whitaker and Jeff McWhorter of Goodwin Petrilli Financial have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported having approximately
Based in Fort Collins, Co., the firm was founded in 1992 by Harry Goodwin, Matt’s father, who retired last year after serving clients for more than three decades. The ensemble practice offers a comprehensive range of financial planning and investment management services to individuals, families and businesses throughout Northern Colorado.
“We have a strong local presence and have built our business through a solid referral network,” Goodwin said. “The team has a long history of working with educators in northern Colorado by helping them manage retirement assets and plan for retirement. Over the years, we’ve worked with multiple generations of clients who want to preserve their family legacies.”
As client expectations continue to rise, the team at Goodwin Petrilli Financial turned to LPL for the next chapter of their business.
“We were highly impressed by LPL’s technology, which allows us to provide more personalized and efficient services,” Petrilli said. “Our clients benefit by having one place where they can find all their account information, and we appreciate how programs work together in ClientWorks to manage our daily tasks — from meeting minutes to planning software. We are excited about LPL’s commitment to providing us with the resources and support we need to grow our business and deliver more value to clients.”
Scott Posner, LPL Executive Vice President, Business Development, said, “On behalf of the entire LPL community, I’d like to extend a warm welcome to Randy, Matt, Travis and Jeff. We are committed to delivering innovative technology, robust resources and strategic support to enable advisors to provide personalized advice and run thriving practices. We look forward to supporting the entire team at Goodwin Petrilli Financial for years to come.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Goodwin Petrilli Financial and LPL 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, 2023.
Media Contact:
Media.relations@LPLFinancial.com
(704) 996-1840
Tracking #649120
FAQ
How much in assets did Goodwin Petrilli Financial bring to LPL Financial (LPLA)?
When did Goodwin Petrilli Financial join LPL Financial (LPLA)?
Which firm did Goodwin Petrilli Financial leave to join LPL Financial (LPLA)?
What is Goodwin Petrilli Financial's primary client focus at LPL Financial (LPLA)?
