LPL Financial Welcomes Tennant Financial

Core Insights - LPL Financial has welcomed the partners of Tennant Financial to its broker-dealer and Registered Investment Advisor platform, managing approximately $1.3 billion in advisory, brokerage, and retirement plan assets [1][8] Group 1: Company Overview - Tennant Financial, based in Ballston Lake, New York, is led by a team with 75 years of combined experience in financial services and investment planning [2] - The firm primarily serves high-net-worth families, corporate executives, business owners, and medical professionals, focusing on a holistic approach to financial services [3] Group 2: Client-Centric Approach - Tennant Financial emphasizes understanding clients' ambitions and challenges to craft personalized strategies for long-term success [4] - The firm positions itself as a personal CFO for families and businesses, aiming to bring structure and harmony to complex financial situations [4] Group 3: Reasons for Joining LPL - The team sought greater independence, flexibility, and access to advanced technology, which were key factors in their decision to join LPL [5] - The integration of LPL's technology and capabilities is expected to enhance their service delivery, especially with the advancements in AI [6] Group 4: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and managing approximately $1.9 trillion in brokerage and advisory assets [8]