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LPL Financial has added a wealth management practice in Washington that was previously affiliated with Woodbury Financial Services, a broker-dealer on the Advisor Group network, LPL says.

Bellevue, Wash.-based Petricic & Phillips Financial Group, which includes financial advisors Don Petricic and Tom Phillips, joins LPL’s broker-dealer and corporate RIA platforms, according to a press release from LPL. They previously managed around $120 million, LPL says.

Petricic and Phillips launched their namesake firm in 2012 and now focus on retirement planning and tax reduction strategies, with roughly 75% of their clients within five years of retirement or already retired, according to the press release.

“We’re on the younger side for financial planners, and our clients really love that we’re going to be there with them throughout their entire retirement,” Petricic, who is 40, says in the press release. Phillips is 34, according to LPL.

LPL had a surge of new advisors in the third quarter, with their ranks growing by 188 to 16,349, as reported.

That momentum has continued into the fourth quarter, although LPL has also given up some advisors to rivals.

In October, LPL picked up a $150 million team from Cadaret, Grant, a wholly-owned subsidiary of Atria Wealth Solutions, as well as a $200 million practice in Colorado that was previously affiliated with 1st Global, an affiliate of Blucora, plus two teams collectively managing $1.25 billion from FSC Securities, another broker-dealer on the Advisor Group network. In addition, LPL lured a JPMorgan advisor overseeing more than $100 million.

And earlier this month, Integrated Partners, a hybrid RIA and OSJ of LPL, added a $200 million practice in Arizona, while Private Advisor Group, another LPL-aligned OSJ, added a $385 million practice in Iowa.

However, LPL also lost advisors to Triad Advisors, a subsidiary of Ladenburg Thalmann Financial Services this month. And both LPL and Woodbury lost advisors in October who formed a new partnership that affiliated with Kestra Financial.

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