LPL Financial Welcomes Concentric Wealth Management

Core Insights - LPL Financial LLC has announced that Concentric Wealth Management has joined its broker-dealer and Registered Investment Advisor (RIA) platform, managing approximately $715 million in advisory, brokerage, and retirement plan assets [1][4]. Group 1: Company Overview - Concentric Wealth Management, based in Cincinnati, Ohio, has evolved from an accounting firm established over 40 years ago to a wealth management firm over the past 15 years, serving a diverse clientele including business owners, retirees, and affluent households [2]. - The team at Concentric Wealth Management is led by Patrick Burke and Matt Tarka, who emphasize a collaborative and relationship-driven approach to client service [3]. Group 2: Reasons for Joining LPL Financial - The decision to partner with LPL Financial was driven by significant growth over the past two years and the need for a robust platform to support their long-term vision [4]. - The advisors highlighted LPL's cutting-edge technology, strong alternative investment platform, and comprehensive business solutions as key factors that align with their values and support their growth strategy [5]. Group 3: LPL Financial Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,100 financial institutions, with around $1.9 trillion in brokerage and advisory assets [7]. - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, providing flexibility for advisors and institutions [7].