LPL Financial and Financial Resources Group Welcome Bialke Financial Partners

CHARLOTTE, N.C., Aug. 10, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Bialke Financial Partners has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. They have aligned with Financial Resources Group Investment Services, a large enterprise firm on LPL’s corportate RIA platform, and will operate in partnership with American Bank of the North. The advisors reported having served approximately $150 million in brokerage and advisory assets*. They join from Lincoln Financial Advisors.

Since 1947, Bialke Financial Partners has helped business owners, professionals, retirees and employees with estate, retirement, investment and business planning and employee benefit packages. Based in Virginia, Minn., the team includes advisors Christopher Bialke, CEO and president, and Dan Rabideaux, CFO, with Jeremy Bateman CFP, CIO, Alyssa Droste, COO, and Mercedeez Samson, office manager, providing office support.

“In looking out for the best interests of our clients, we chose to partner with LPL and Financial Resources Group,” Bialke said. “First and foremost, it was important to partner with a firm that has no proprietary products to sell. We are also excited to have access to LPL’s enhanced technology resources. With COVID-19 and other challenges associated with the pandemic, we found it is necessary to have strong technology to better support clients and meet their needs in the current environment.” Bialke added that the team also benefits from personalized support provided by Financial Resources Group.

With the move, the firm will expand its ability to serve more clients by operating as the investment arm of the American Bank of the North. “We will continue as our own entity, but this is an opportunity to grow and partner with a bank that is a community leader,” Bialke said.

Financial Resources Group President Bruce Miller stated, “We are very excited to have both American Bank of the North and Bialke Financial Partners join LPL and Financial Resources Group. Both organizations believe in the value of financial planning as the cornerstone for achieving long-term financial success. We are committed to supporting our advisors’ growth by providing tailored services that include business development, onboarding, marketing support and technology.”