Cetera Adds Tupelo Wealth Partners With $490 Million in AUA After LPL Bought Commonwealth
Updated
Updated · PR Newswire · Jun 4
Cetera Adds Tupelo Wealth Partners With $490 Million in AUA After LPL Bought Commonwealth
1 articles · Updated · PR Newswire · Jun 4
Summary
$490 million in assets under administration moved to Cetera as Tupelo Wealth Partners joined its Summit Financial Networks community from Harleysville, Pennsylvania.
LPL's acquisition of Commonwealth triggered the switch, with advisors Les Benzak, John Gallagher and Lynn Craig saying they sought a firm that matched Commonwealth's culture, leadership access and specialized support.
The team brings more than 75 years of combined experience and had expected to finish their careers at Commonwealth after previously spending decades at Lincoln Investment.
Cetera said Summit's technology, advisor services and advanced planning resources helped win the team, which recently added advisor Sage Bleakney and plans further expansion.