Mayco Financial Services joins LPL’s platforms

Lakewood-based Mayco Financial Services has joined Charlotte, North Carolina-based LPL Financial‘s broker-dealer and corporate registered investment advisor platforms, LPL announced Wednesday.

LPL is a retail investment advisory firm and independent broker-dealer.

“Our clients rely on us, and LPL’s technology and ongoing investments will help us deliver on their expectations. LPL’s technology makes it easier for clients to open accounts and sign documents, and we can access everything we need to manage our business from one integrated platform,” Morris “Moshe” Mayerfeld, founder of Mayco, said.

Financial terms of the deal were not disclosed.

“We welcome Mayco Financial Services to LPL,” Rich Steinmeier, LPL financial managing director and divisional president, business development, said. “Their team recognizes the need to continuously evolve in order to meet the needs of clients. We are proud they chose LPL and value the technology and resources we provide to help advisors adapt and thrive. Our firm is committed to investing in our advisors’ business today and for the long run, and we look forward to supporting their business for many years.”