Concentric Wealth Management Joins LPL Financial, Expanding Reach to $1.9 Trillion in Assets

Strategic Insights -

Concentric Wealth Management, a Cincinnati-based wealth management firm, has joined LPL Financial's broker-dealer, Registered Investment Advisor (RIA), bringing over $715 million in advisory, brokerage, and retirement plan assets. The team, led by Patrick Burke and Matt Tarka, is committed to providing highly skilled professional services to a broad spectrum of clients, including business owners, retirees, and emerging affluent households.

Key Takeaways:

  • Concentric Wealth Management, with $715 million in advisory, brokerage, and retirement plan assets, has joined LPL Financial's broker-dealer, RIA.
  • The team, led by Patrick Burke and Matt Tarka, previously operated as an accounting firm for over 40 years and expanded to wealth management 15 years ago.
  • They serve a diverse client base, including business owners, retirees, emerging affluent households, and professional service providers.
  • The firm's approach is collaborative, relationship-driven, and focused on building trust and offering personalized guidance to clients.
  • Concentric Wealth Management sought LPL Financial's support due to the company's cutting-edge technology, robust capabilities, and strong alternative investment platform.
  • The strategic partnership allows the firm to accelerate growth while staying rooted in its values.

Statistics:

  • LPL Financial supports over 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions.
  • The firm services and custodies approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans.
  • Concentric Wealth Management has experienced significant growth over the past two years, with assets valued at approximately $715 million as of the end of 2024.

Sources:

  • Globe Newswire, "Concentric Wealth Management Partners with LPL Financial"
  • LPL Financial, About LPL Financial
  • Concentric Wealth Management, Press Release