LPL adds two Ohio practices with $1.15B from Cetera

LPL Financial added two Ohio advisory practices, FHT Advisors and Impel Wealth Management, managing a combined $1.15 billion in client assets, InvestmentNews reported Nov. 11.

Both practices were Cetera affiliates and joined LPL's broker-dealer and registered investment advisor platforms, continuing to operate under their own names. Brian Toma leads FHT Advisors and Jesse Hurst leads Impel Wealth Management; the two are colleagues who have known each other for 25 years, according to InvestmentNews.

For advisors at both practices, the client-facing brand and the client relationships stay put while the broker-dealer and the platform beneath them change to LPL. For other advisors weighing a move, the pair is a signal about size: FHT is an eight-advisor ensemble and Impel employs two advisors alongside Hurst, which suggests LPL is recruiting multi-advisor teams, not only solo books.

Moves Wire, which logs advisor movement, has recorded six moves involving Cetera in the past 12 months, two advisors joining the firm and four leaving. The most recent entry in that log, dated Nov. 2, is Michelle Lee's move from Cetera to a &Partners-affiliated firm.

FHT operates across 32 states and serves professionals, medical professionals and families at multiple stages of financial life. Toma leads eight advisors and several financial consultants, and the firm is structured as an ensemble in which advisors work client situations together rather than managing accounts in silos. "We've intentionally built FHT as an ensemble because we believe clients benefit when multiple advisors are thinking about their financial lives," Toma said. He said LPL gives the firm access to "the technology, resources and capabilities" to build on that approach.

Hurst founded Impel around retirement planning for corporate executives in the Akron area and has expanded it into a multigenerational practice; according to InvestmentNews, it works with dozens of families spanning at least two generations and more than a dozen across three. It employs two additional advisors, Nathan Ollish and Irene Zurowski, and produces market commentary and financial planning content through blog posts and videos. "When someone engages Impel, they get our entire firm," Hurst said.

LPL has consistently posted record recruiting numbers through 2026, according to InvestmentNews, and has positioned its technology and planning capabilities as a central draw for advisors managing complex client relationships. Cetera's side of the ledger in Moves Wire, four recorded departures against two arrivals over 12 months, is what that pitch is measured against.