Flood Financial Services LPL

Flood Financial Services Joins The LPL Team

June 14, 2018

LPL Financial

LPL Financial today announced that it is proud to welcome Flood Financial Services to LPL’s broker/dealer and registered investment advisor (RIA) platforms. Flood Financial Services reported that, based on prior business*, it served approximately $330 million of client brokerage and advisory assets, as of June 1.

“Our team wanted to join the largest independent broker-dealer** in the industry to be able to take advantage of their scale and stability that will allow us to further enhance the level of service our clients have come to know and expect,” said Richard Flood, Flood Financial Services partner and 50-year industry veteran. “LPL’s focus on providing advisors with technology and a depth of resources gives us the opportunity to operate more efficiently and to deepen our client relationships. In addition, we were impressed by LPL’s specialized team that supports succession planning and acquisitions, and we are looking forward to leveraging their expertise to grow our business in the future.”

Based in South Burlington, Vt., Flood Financial Services is made up of four advisors and five professional staff members.

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*Asset numbers reported are based on prior business and have not been independently and fully verified by LPL Financial.

**As reported by Financial Planning magazine, June 1996-2018, based on total revenue.

Flood Financial Services and LPL Financial are separate entities.

Forward–Looking Statements

The statements in this article regarding the future levels of assets serviced, growth, business strategy, and plans of LPL Financial and/or Flood Financial Services constitute forward-looking statements. These statements are based on the Company's estimates and expectations as of June 14, 2018 and are not a guarantee that the future results, plans, intentions or expectations expressed or implied by the Company will be achieved.  Matters subject to forward-looking statements involve known and unknown risks and uncertainties, which may cause actual results to be materially different than those expressed or implied. Important factors that could cause or contribute to such differences include: difficulties or delays in onboarding the clients or client assets; the choice by clients of advisors not to transfer or maintain their respective assets in accounts at LPL Financial, and other factors set forth in Part I, “Item 1A. Risk Factors” in the Company's 2017 Annual Report on Form 10-K, as may be amended or updated in the Company's subsequent filings with the SEC. Except as required by law, the Company specifically disclaims any obligation to update this forward-looking statement as a result of developments occurring after the date of this article, even if its estimates change, and you should not rely on the statement as representing the Company's views as of any date subsequent to the date of this article.