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Concentric Wealth Management Joins LPL Financial, Expands Advisory Capabilities

Strategic Insights

— 1 min read

Concentric Wealth Management, a Cincinnati-based wealth management firm, has joined LPL Financial's broker-dealer, bringing with it approximately $715 million in advisory, brokerage, and retirement plan assets. The company, led by Patrick Burke and Matt Tarka, will work with LPL to expand its advisory capabilities and support its growth. The firm's advisors, including Molly Myers, Nick Groman, Tim Powell, Dean Johns, and others, will maintain their existing relationships with clients and will have access to LPL's cutting-edge technology and robust capabilities.

Key Takeaways:

  • Concentric Wealth Management, a Cincinnati-based wealth management firm, has joined LPL Financial's broker-dealer with approximately $715 million in advisory, brokerage, and retirement plan assets.
  • The company, led by Patrick Burke and Matt Tarka, will work with LPL to expand its advisory capabilities and support its growth.
  • The firm's advisors, including Molly Myers, Nick Groman, Tim Powell, Dean Johns, and others, will maintain their existing relationships with clients and will have access to LPL's cutting-edge technology and robust capabilities.
  • Concentric Wealth Management was founded over 40 years ago and expanded into wealth management 15 years ago.
  • The firm's approach is collaborative and relationship-driven, with a focus on building trust and offering personalized guidance to clients.
  • LPL Financial supports over 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans.

Statistics:

  • $715 million: approximate value of assets brought to LPL Financial by Concentric Wealth Management.
  • 29,000: number of financial advisors supported by LPL Financial.
  • 1,100: number of wealth management practices supported by LPL Financial.
  • 7 million: approximate number of Americans served by LPL Financial.
  • 1.9 trillion: approximate value of brokerage and advisory assets serviced and custodied by LPL Financial.

Sources:

  • LPL Financial LLC. (2025, August 28). Concentric Wealth Management Joins LPL Financial, Expands Advisory Capabilities. GlobeNewswire.
  • LPL Financial Holdings Inc. (2025). About LPL Financial. LPLFinancial.com.
  • Concentric Wealth Management (source not explicitly stated in the original text)
  • Avantax by Cetera (source not explicitly stated in the original text)
  • FINRA (Financial Industry Regulatory Authority)
  • SEC (Securities and Exchange Commission)

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