On July 14, 2015, LPL Financial LLC announced that Weissenburger Investments & Financial Planning had joined the LPL Financial broker-dealer and registered investment adviser custodial platforms.
LPL Financial LLC (“LPL”), a wholly owned subsidiary of LPL Financial Holdings Inc., serves $485 billion in retail assets in the financial advice market. Weissenburger Investments & Financial Planning (“Weissenburger”), based in Iowa, is an independent firm offering brokerage and fee-based financial advisory services to private individuals and families. As of May 31, 2015, Weissenburger manages approximately $220 million in client assets.
Weissenburger offers its investment advice through Weis Advisory LLC, a registered investment adviser, which is separate from LPL.
The financial terms of the transaction were not disclosed.
To read the press release, please click here.