In the affiliation, 24 DVFG-affiliated licensed advisers will transition their securities registrations to LPL Financial. DVFG, in King of Prussia, Pennsylvania, supports its independent advisers in giving their individual and business clients access to a range of services, including financial planning and wealth management, business solutions and retirement strategies. The firm supports nearly $500 million in total client assets.
“Delaware Valley Financial Group is a distinguished, sophisticated organization with a robust set of businesses,” said Bill Morrissey, executive vice president of business development at LPL Financial. “We look forward to providing them with extensive operational support, not only through our broker/dealer relationship but through a multi-faceted partnership that can assist them in all aspects of practice management support and counsel.”
“This new partnership provides DVFG advisers with an unprecedented assortment of practice management and development tools, designed and supported by one of the industry’s finest broker/dealers,” said Thomas A. Schirmer, chairman of DVFG. “We believe our association with LPL Financial marks the next step in DVFG’s evolution as a leading financial services company, and we look forward to a long and mutually successful affiliation with LPL Financial.”
LPL is a wholly owned subsidiary of LPL Financial Holdings Inc.