LPL Financial has recently announced a notable development for Concentric Wealth Management. The advisors from Concentric, a firm based in Cincinnati, Ohio, have decided to join LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. This move signifies a significant step forward for the team, which has been serving its clients for many years through a strong and trusted partnership.
The team at Concentric Wealth Management reports managing approximately $715 million in assets across advisory, brokerage, and retirement plans. They previously operated under Avantax by Cetera but felt that now was the right time to align with LPL to serve their clients better and expand their capabilities.
Patrick Burke, CPA, and Matt Tarka, AAMS, CRPS, head the leadership at Concentric. Patrick brings extensive experience in accounting and financial planning, while Matt’s expertise in wealth management complements the team’s vision. The company’s roots go back over 40 years, initially starting as an accounting firm. Over time, they recognized the importance of comprehensive wealth management and expanded their services into that space about 15 years ago.
The advisors at Concentric work with a diverse group of clients. Their client base includes business owners, retirees, and emerging affluent households—people from various walks of life who seek personalized financial guidance. Additionally, they serve a significant niche of professional service providers, understanding their unique financial needs and challenges.
Over the past two years, the team has experienced notable growth, which has propelled them to seek a partnership that can support their future ambitions. Recognizing industry leader LPL Financial as a key resource, they turned to LPL to help them continue their growth, enhance their service offerings, and better support their clients.
The team at Concentric Wealth Management comprises dedicated professionals, including advisors Molly Myers, CFP, CLU; Nick Groman, Esq., CFP; Tim Powell, CFP, AIF; Dean Johns, CPA, CFP. There is also a paraplanner, Jake Burke, CPA, along with client service associates Josh Wentz, CFP, and Justin Lehkamp. Together, they form a cohesive and experienced group committed to guiding their clients through sound financial strategies.
This transition to LPL marks a new chapter for Concentric Wealth Management. It signifies their ongoing commitment to providing exceptional service and innovative solutions to their clients. As they embrace the resources and support from LPL, they look forward to helping more individuals and families achieve their financial goals with confidence.
KEY QUOTES:
“We are a one-stop-shop for our clients regardless of their stage of life. We provide highly skilled professional services through our wealth management practice. Our approach is collaborative and relationship driven. We work as a close-knit team and take a multifaceted approach to service our clients, with the end goal of providing a sense of clarity and comfort. Though financial planning can feel overwhelming at times, we focus on building trust and offering personalized guidance every step of the way.”
Patrick Burke
“After conducting extensive research, it became clear that LPL offers the foundation we need to operate a high-caliber advisory firm for high-net worth individuals. The cutting-edge technology, robust capabilities and strong alternative investment platform allows us to deliver an exceptional client experience while having the infrastructure to allow us to attract top talent and expand our footprint with intention. With this alignment, we’re equipped to accelerate our growth while staying rooted in our values.”
Matt Tarka
“We view our broker-dealer relationship as an extension of how we serve our clients. We were seeking a partner who aligns with our values, supports our collaborative approach and shares our long-term vision. We found that partnership with LPL.”
Jake Burke
“We welcome the Concentric Wealth Management team to LPL. LPL is committed to delivering innovative technology and comprehensive business solutions to help advisors differentiate their practices and increase value for their clients. We look forward to supporting the team for years to come.”
Scott Posner, Managing Director, Business Development
