LPL Financial says it has included a four-decade-old wealth management practice.

Northville, Mich.-based WWK Investments has actually joined LPL’s broker-dealer, business RIA and custodial platforms, LPL says, adding that WKK formerly operated its own broker-dealer and RIA.

Tom Welch had actually founded a brokerage practice in 1974, with his boys Dan and Jason joining as monetary advisors years later on and rebranding business as WKK Investments when Tom Welch retired in 1997, LPL says.

WKK now also consists of consultants Tom O’Connor and Nicole Farrell and four workplace support staff and manages around $675 million, according to LPL. The practice specializes in managing corporate retirement strategies in addition to offering individualized portfolio management for high net worth individuals and families, LPL says.

The WKK team’s inspiration for joining LPL was a desire to scale business, boost its innovation and ease a few of the compliance problem, LPL says.

” LPL is the largest in the independent area, and does not provide exclusive items,” Jason Welch says in a declaration. “We are free to operate our company and assist our clients as we see fit.”

LPL has actually also poached a number of financial consultants from rivals in current weeks, including from Raymond James as well as Wells Fargo.