Argosy Financial: A Strategic Move for Growth and Expertise

Argosy Financial, a leading independent financial services firm, recently made waves in the industry by joining LPL Financial's broker-dealer, RIA, and custodial platforms. This strategic move, led by James P. Norris, a seasoned financial advisor with over 20 years of experience, brought approximately $250 million in advisory, brokerage, and retirement plan assets under LPL's management. Norris, who previously affiliated with LPL, cited the firm's robust technology and resources as key factors in his decision to return, highlighting LPL's competitive platform advantages.

LPL Financial's growth strategy and support for advisors significantly influenced Norris' decision. The firm currently supports over 28,000 financial advisors and manages approximately $1.6 trillion in brokerage and advisory assets for 8 million Americans. This growth, coupled with LPL's extensive resources and technology, demonstrates the firm's ability to attract and retain established practices like Argosy Financial.

Argosy's independence from any investment program or financial institution aligns with LPL's open architecture, allowing for objective and unbiased guidance for clients. This approach enables advisors to provide comprehensive portfolio construction and unbiased investment advice, helping to drive LPL's expansion through successful advisor recruitment and retention.



By leveraging its independence and prioritizing client needs, Argosy Financial continues to strengthen LPL's position in the advisor-mediated marketplace. The addition of Argosy Financial to LPL's platforms represents a strategic win for both parties, as it reinforces LPL's position as a leading wealth management platform and showcases Argosy's commitment to its clients' success.

In conclusion, Argosy Financial's strategic move to join LPL Financial's platforms demonstrates the attractiveness of LPL's robust technology and resources for experienced advisors. This partnership aligns with LPL's growth strategy and supports the firm's ongoing expansion in the advisor-mediated marketplace. As Argosy continues to prioritize client needs and unbiased investment advice, both firms stand to benefit from this collaborative relationship.