SAN DIEGO, Sept. 10 – LPL Financial LLC said today that Jeneen Slack, CFP® and CDFA®, founder and partner of Northstar Financial Advisors, LLC, has become a member of LPL’s broker‑dealer and Registered Investment Advisor (RIA) platform. The move adds more than $270 million in client assets to LPL’s growing independent‑advisor franchise and marks Slack’s transition from Raymond James, where she previously led a practice.
LPL Financial, the nation’s largest independent broker‑dealer, has pursued a strategy of expanding its platform by attracting established advisory firms and solo practitioners. The firm operates a hybrid model that offers both broker‑dealer services and RIA capabilities, allowing advisors to choose the regulatory structure that best fits their business. In recent years LPL has reported double‑digit growth in assets under administration, driven largely by such acquisitions and affiliations.
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Jeneen Slack brings a decade‑plus track record in wealth management. Certified as both a Financial Planner (CFP®) and a Chartered Digital Financial Analyst (CDFA®), she founded Northstar Financial Advisors in 2018 to focus on holistic planning for high‑net‑worth individuals and families. Under her leadership, Northstar amassed $270 million in client assets, serving a diversified client base across California and the Midwest. Prior to founding Northstar, Slack spent six years at Raymond James, where she managed a sizable practice and earned recognition for client service excellence.
The addition of Slack’s practice underscores a broader industry shift toward independent platforms that promise greater flexibility, lower overhead, and enhanced technology tools. Advisors are increasingly leaving traditional wirehouses to retain more control over fee structures and client relationships. For LPL, onboarding a seasoned advisor with a proven client base not only boosts its asset base but also enriches its talent pool, potentially attracting more advisors seeking a similar transition.
Analysts view the move as a win‑win for both parties. LPL gains immediate scale and credibility in markets where Northstar has a foothold, while Slack gains access to LPL’s extensive compliance infrastructure, technology suite, and distribution network. The partnership may also signal heightened competition among broker‑dealers to secure top‑performing advisors, prompting further consolidation in the sector.
