Wellspring Advisor Group, a newly launched independent financial advisory firm, has joined the LPL Financial broker-dealer platform.
Wellspring has also aligned with the registered investment advisor (RIA) platform of Independent Financial Partners (IFP) to provide support services for its fee-based financial advisory business.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In addition, Wellspring has also aligned with Pensionmark Retirement Group, which provides a wide range of retirement-plan administrative and fiduciary support services.
Wellspring Advisor Group, which is led by John Carroll had more than $130m in brokerage and advisory assets as of 1 November 2014.
Carroll said: "We appreciate LPL’s culture of independence and its open architecture framework, which enable us to provide our clients with unbiased financial advice.
"Over the past few years our business has gained tremendous momentum, and we anticipate that our new LPL partnership will greatly accelerate our ability to accommodate further growth in the Gulf Coast region and to support our clients’ needs."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSteve Pirigyi, executive vice president of business development at LPL Financial, said, "By affiliating with LPL Financial, John has been able to establish a truly independent advisory firm, and Wellspring will be able to access the full range of resources it requires in order to provide its rapidly growing client base with complete fiduciary retirement planning and wealth management services."
