Capital Financial Planning has joined LPL Financial’s broker-dealer and hybrid registered investment adviser (RIA) custodial platforms.
Capital Financial president and chief executive officer Todd A Slingerland says LPL’s hybrid platform and efforts to keep pace with regulatory changes were key components in the firm’s decision to transition to LPL.
“With our own RIA, we are able to give our advisors and clients the best of both worlds – to be able to offer both a brokerage and a fee-based advisory business model. It also allows us to be positioned to attract other registered investment advisors to our firm to support our growth goals,” says Slingerland.
Craig Kamis, LPL senior vice president of large enterprises and institutional recruiting, says: “We welcome Capital Financial Planning to LPL. They, like many advisors and firms during this unique time in our industry, were looking for the support and resources that could help them to manage and grow their business within an increasingly complex regulatory environment. We are proud they recognized our leading position in the independent space.”
Adam Neary, principal of the Neary/Luczak Group, which is an independent adviser firm affiliated with Capital Financial Planning, says: “We are thrilled with Capital Financial‘s decision to transition to LPL. I appreciate that so many processes are automated with LPL’s technology and service offering. I can spend more time working with my clients, which is where the value is for me so I can be best positioned to grow my business.”
Capital Financial includes 18 independent financial advisers, as well as eight professional support staff, and is seeking experienced financial advisers to continue to grow the firm. Based in Albany, New York, with an additional office in Clifton Park, the firm also serves as an office of supervisory jurisdiction, providing its advisers with compliance oversight, operational and sales support, training and education, and management services.
The firm was founded in 2003 by Slingerland, an industry veteran with nearly 30 years in the business, to offer financial professionals a turnkey business environment where they could provide objective advice based on each client’s unique circumstances. Capital Financial’s advisers provide wealth management for high-net-worth individuals, families and trusts, and also serve retirement plans of corporations and non-profit organisations. The firm’s clientele is primarily located in New York and New England, but its advisers also serve clients throughout the country.