LPL’s Momentum Wealth Partners Adds $850M-Asset Team From Cetera
Beacon Financial has joined LPL Financial’s broker-dealer, registered investment adviser and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisers. The Beacon Financial team of 10 advisers reported having served approximately $850 million in advisory, brokerage and retirement plan assets, and joins LPL from Cetera.
Based in Toledo, Ohio, Beacon Financial is led by Greg Kopan, AIF, a seasoned financial services veteran with nearly two decades of industry experience. Kopan, principal owner and chief executive officer, founded Beacon Financial in 1997 with the goal of helping clients build a more secure financial future. Today, Beacon Financial said it is a multi-generational practice leveraging multiple perspectives to work toward predictability for their clients’ wealth horizon.
“Our clients range from business owners and professionals to those nearing or in retirement, and we take a comprehensive approach to understanding each of their needs and goals to create a personalized and tailored plan to help them meet their short- and long-term goals,” Kopan said.
Looking to pair their client-centered philosophy with the desire to provide their clients with an elevated experience, the team spent 10 months researching firms and doing their due diligence before selecting LPL and Momentum as the best partners for their business goals.
“LPL stood out to us for several reasons,” Kopan said. “First, LPL has a strategic succession planning team, and that’s incredibly important as we are a multi-generational practice, and the future of the firm is always top of mind. LPL’s robust integrated and streamlined technology also stood out because we have a lot of older clients, and I am confident that having a single sign-on will be a positive change for them.”
Kopan also cited LPL’s precautions around infrastructure and cybersecurity, noting that the firm spent $500 million last year to help advisers keep their businesses and clients secure.
Kevin Frank, managing partner and co-founder at Momentum stated, “Our mission is to empower advisers to achieve their professional goals by providing strategic planning, personalized support and an unwavering partnership – the same type of partnership that the Beacon Financial team provides to their clients. We look forward to a successful partnership for years to come.”
Last summer, the advisers of First Summit Capital Management similarly aligned with Momentum Wealth Partners, joining from PNC Investments.
Earlier this month, AltsWire explored the debut of LPL’s Alts Learning Hub, designed to help advisers effectively and easily incorporate alternative investments into their practices. Earlier this year, LPL announced strong financial results for Q1 of 2025, including a landmark agreement to acquire Commonwealth Financial Network.
As of March 31, 2025, LPL supported more than 29,000 financial advisers that served $1.8 trillion in total advisory and brokerage assets.
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