SAN DIEGO, June 2, 2015 (GLOBE NEWSWIRE) -- LPL Financial LLC, the nation's largest independent broker-dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA), today announced that a team of financial planners, led by industry veteran Brian Hinson, has joined Bridgeworth, LLC, an independent wealth management firm that provides holistic financial planning on LPL's hybrid RIA platform. Hinson's team reported that, based on prior business, it had collectively serviced approximately $250 million of client assets**, as of April 30, 2015.
Hinson's team includes advisors Bob Johnson and Jonathan Hornsby and four support professionals. Their addition to Bridgeworth, which is based in Birmingham, Ala., raises the number of Bridgeworth's financial advisors to 23. Like Bridgeworth, Hinson's team has served a client base predominantly composed of high-net-worth individuals and families, including professionals and business owners, with a strong emphasis on retirees and retirement planning.
Hinson, the managing partner of Bridgeworth's new Huntsville, Ala., office, a Certified Financial Planner™ Practitioner, Chartered Financial Consultant and Certified Public Accountant, said, "Our team is excited about this opportunity and it is the right move for us and our clients. Bob Johnson and I had previously worked alongside the founding partners of Bridgeworth and we share the same values and philosophies when it comes to serving the financial planning and wealth management needs of our clients. The independence that Bridgeworth offers through LPL's hybrid RIA platform allows us the versatility to best manage our business and serve our clients."
DeLynn Zell, managing partner of Bridgeworth, added, "We are pleased to welcome Brian, Bob, Jonathan and their staff to the Bridgeworth family, as they bring a wealth of experience and demonstrate a commitment to the highest planning standards. We are also pleased to increase our engagement with LPL through this advisor addition."
"Since joining LPL's hybrid platform three years ago, Bridgeworth has grown, and we are thrilled to see them expand their footprint further with a Huntsville team," said Steve Pirigyi, executive vice president of business development, LPL Financial. "We look forward to supporting them with tools and resources to enable them to help their clients pursue their financial goals."
*Based on total revenues, Financial Planning magazine, June 1996-2014
**Asset numbers were reported by Hinson, Johnson and Hornsby based on prior business and have not been independently and fully verified by LPL Financial.
About Bridgeworth
Based in Birmingham, Ala., Bridgeworth, LLC is one of the largest groups of CERTIFIED FINANCIAL PLANNER™ professionals in Alabama. The principals of Bridgeworth, LLC have been in practice together since 1988 and Bridgeworth clients benefit from advisors' 400 years of combined experience. For more information, please visit www.bridgeworthllc.com. Bridgeworth, LLC, a registered investment adviser.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA), is a leader in the financial advice market and serves $485 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation's largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2014), is one of the fastest growing RIA custodians with $105 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of March 31, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,352 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial. A registered investment advisor, member FINRA/SIPC.
LPL Financial and Bridgeworth LLC are separate entities.
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