LPL Financial Welcomes Advisory Firm of Hoyt, Lewis & Associates

CHARLOTTE, N.C., Jan. 28, 2016 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that it has welcomed Hoyt, Lewis & Associates, LLC, a Spokane, Wash.-based financial advisory firm, to its broker-dealer platform. Hoyt, Lewis & Associates will provide fee-based services through Financial Advocates Investment Management, an independent RIA firm on LPL's hybrid RIA platform. Hoyt, Lewis & Associates reported that, based on prior business, the firm served $180 million of client assets*, as of Oct. 25, 2015.

The firm of Hoyt, Lewis & Associates is comprised of CEO and wealth advisor Jeremy F. Lewis, wealth advisors Bradley J. Hoyt and Ben Kohls-Chase, Chief Operations Officer Noelle Y. Seipp and two client services specialists. The firm works with individuals and families to help them work toward their financial goals through the use of financial planning, investment planning, retirement strategies, estate planning and risk management.

"Our firm's focus has always been, and continues to be, the client," said Lewis. "We believe that the decision to join LPL Financial's platforms will allow us to enhance and improve our client services. The increased flexibility and resources that our team now has access to will be invaluable for our clients. We are confident that going independent is not only in the best interest of our clients, but the long-term success of our firm."

"We welcome the advisory team of Hoyt, Lewis & Associates to LPL," said Steve Pirigyi, executive vice president of business development, LPL. "We look forward to supporting their team with LPL's full range of tools and resources that can help them to grow their business and to serve the needs of their clients."

**Asset numbers were reported by Hoyt, Lewis & Associates based on prior business and have not been independently and fully verified by LPL Financial.

About Hoyt, Lewis & Associates
Hoyt, Lewis & Associates is a full-service financial planning firm providing custom wealth management strategies designed to help individuals and families prepare for retirement. Located in Spokane, Wa., the team of professionals develops appropriate strategies to suit each client's vision and objectives for their financial lives in their entirety. The firm helps clients execute a sound financial program utilizing financial planning, investment planning, retirement strategies, estate planning and risk management.

About LPL Financial 
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and currently serves $462 billion in advisory and brokerage assets. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2015). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also service an estimated 40,000 retirement plans with an estimated $115 billion in retirement plan assets, as of September 30, 2015. LPL also supports approximately 4,300 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,413 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

Securities offered through LPL Financial. Member FINRA/SIPC

Investment advice offered through Financial Advocates Investment Management, a registered investment advisor. Financial Advocates Investment Management, Hoyt, Lewis & Associates, LLC and LPL Financial are separate entities.

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Media Contact:

Lauren Hoyt-Williams

980-321-1232

Lauren.Hoyt-Williams@lpl.com

Source: LPL Financial

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