CHARLOTTE, North Carolina, April 14, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Theresa M. Hannon CPA and Kevin Hannon CFP®, have joined the brokerage, registered investment advisory (RIA) and custody platforms of LPL Financial. The parent and son team joins the existing group of advisors at Professional Wealth Advisors, LLC (PWA). They reported to LPL that they serve approximately $175 million in advisory, brokerage, and pension plan assets,* and they join American Portfolios Financial Services, Inc.
For over 35 years, The Hannon Financial Group (THFG) has provided investment advice, retirement planning, estate planning and financial consulting, among other professional services to help clients achieve their financial aspirations. Based in Oak Brook, Illinois, Theresa (Terry) and Kevin provide clients with weekly market updates, quarterly newsletters, regular reviews, educational dinners and more, with the goal of providing the most high level of customer service and financial education.
They turned to LPL Financial and Professional Wealth Advisors after extensive research to find a firm that shared their client-focused values and culture. “These last two years of the pandemic have shown me where I can better prepare for the unexpected and create a better succession plan to take care of my clients in the future,” said Terry. “By merging with Professional Wealth Advisors, we can provide our clients with superior customer service, improved technology, more technical support, increased office staff and strong middle management. This, in turn, allows me to slow down and focus on the other parts of the business that I love.
“People-centric businesses are at the heart of what we do,” added Kevin. “We look forward to this new direction and are confident that this partnership – and affiliation with LPL – will enable us to deliver a differentiated customer experience. The innovative technology and robust resources of LPL, along with the added support layer of PWA, particularly stood out.
Peter Wilmot, Managing Partner at PWA, said, “We are delighted to welcome Terry and Kevin to the PWA family. We are delighted to have the opportunity to work closely with them and, above all, to help them continue to provide the high level of service that their customers deserve and expect.
Scott Posner, LPL’s Executive Vice President, Business Development, said, “We welcome Terry and Kevin and congratulate Professional Wealth Advisors on the growth of their network. I am inspired by this mother-son team and their ethos of giving back, as evidenced by their dedication to supporting their local community. We are honored that they recognized LPL’s capabilities and resources and chose to partner with us after a two-year search. We look forward to supporting Terry, Kevin and the entire team of Professional Wealth Advisors for years to come.
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About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the business should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve,** supporting nearly 20,000 financial advisors, and approximately 800 institutional investment programs and 500 independent RIA firms nationwide. We are unwavering in our commitment to the advisor-centric model and the belief that Americans deserve access to personalized advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that allow them to run their practice perfectly. And they have the freedom to manage their relationships with their customers because they know their customers best. Simply put, we take care of our advisors, so they can take care of their clients.
**Best RIA Custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent brokerage in the United States (based on total revenue, Financial Planning magazine 1996-2021); #1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliates provide financial services only from the United States.
*Approximate value based on asset and holding details provided to LPL as of year 2021
Securities and advisory services offered by LPL Financial LLC, an SEC-registered broker-dealer and investment adviser. FINRA/ SIPC member.
Throughout this communication, the terms “financial advisers” and “advisors” are used to refer to registered representatives and/or representatives of investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Professional Wealth Advisors and LPL Financial are separate entities.
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