SAN DIEGO, Dec. 10, 2012 /PRNewswire/ -- LPL Financial LLC, the nation's largest independent broker-dealer* and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that Legacy Financial Planning, an independent financial advisory firm, has transitioned to the LPL Financial broker-dealer platform, bringing over $150 million of client assets.
Based in Rochester, NY, Legacy Financial Planning provides retirement and estate planning services to a national clientele through its presence in upstate New York and New England. Legacy Financial is led by Tammy Mogilski, CFP®, ChFC and Brian Bedford, CFS, industry veterans with respectively 26 and 12 years of experience. Among her many honors, Ms. Mogilski was ranked the top woman producer and the number three producer overall at the leading insurance broker-dealer where she was previously affiliated, while Mr. Bedford, had been named a member of the same insurance broker-dealer's Lifetime President's Conference, in recognition of his success in serving clients and growing his practice.
Legacy Financial has also joined the hybrid RIA platform of Private Advisor Group, an independent producer group and hybrid RIA based in Morristown, NJ, which provides independent advisors across the United States with compliance, business development, succession planning, and other back and middle office support services. Private Advisor Group is an independent producer group with LPL Financial, and its hybrid RIA utilizes LPL Financial as its primary custodian.
Bill Morrissey, Executive Vice President of Business Development at LPL Financial, said, "We are thrilled to welcome Legacy Financial Planning, which is led by two seasoned financial advisors with extraordinary reputations, Tammy Mogilski and Brian Bedford. We are pleased that such outstanding professionals have chosen LPL Financial for the comprehensive support capabilities we offer, so they may continue to service their clients with the highest quality of independent advice and complete investment freedom."Ms. Mogilski stated, "In the course of our exploration for a new destination for our practice, we examined multiple opportunities and were invited to partner with many excellent firms. Ultimately, we found the depth of advisor resources and the uncompromised independence offered by LPL Financial to be unmatched in the industry. The assistance they are already providing us in such areas as technology, investment research, and marketing, combined with the ease of doing business on their platform, is truly extraordinary. We have now completed the transition of more than 1,500 client accounts and are eagerly looking forward to fully rebuilding our practice as independent advisors."