Business UpdateMay 28, 2026, 08:57 AM
LPL Financial Welcomes Steve Schott, Adding $240M in Client Assets
AI Summary
LPL Financial announced that financial advisor Steve Schott, MBA, owner and CEO of Schott Financial Management, has joined its broker-dealer and RIA platform. Schott brings approximately $240 million in advisory, brokerage, and retirement plan assets from Cambridge Investment. Schott Financial Management, a third-generation business based in Prescott, Ariz., specializes in serving retirees and those approaching retirement, choosing LPL for its self-clearing platform and integrated technology to enhance client experience and streamline operations.
Key Highlights
- Financial advisor Steve Schott, MBA, joined LPL Financial's broker-dealer and RIA platform.
- Schott brings approximately $240 million in advisory, brokerage, and retirement plan assets.
- He joins LPL from Cambridge Investment, operating Schott Financial Management in Prescott, Ariz.
- Schott Financial Management is a third-generation business celebrating its 40th year.
- LPL Financial supports over 32,000 financial advisors and approximately 1,100 financial institutions.
- LPL services and custodies approximately $2.3 trillion in brokerage and advisory assets.
Price Impact
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