RICHMOND, IN — FBR Investment Services, offering investment services at First Bank Richmond in Richmond, IN announced it has chosen to align with LPL Financial’s Institution Services platform to support its investment program. By joining LPL Financial, a leader in the retail financial advice market and the nation’s largest independent broker/dealer*, FBR Investment Services gains access to the firm’s comprehensive array of tools, resources, technology and independent research to enable the delivery of objective financial advice.
“By joining LPL, we are positioning our institution to better support our clients with market- leading resources, technology and innovative capabilities,” said Garry Kleer, First Bank Richmond’s President/CEO. “LPL’s independent platform enables us to offer a greater depth and range of services to our bank. In addition, the platform provides choice and flexibility to be able to provide access to investment solutions and financial advice based on the unique needs of each client.”
Travis Kohn
FBR Investment Services offers a full range of financial services, including retirement and financial planning, individual money management, individual stocks and bonds, mutual funds, annuities and more. We would also like to announce that Travis Kohn Financial Advisor, LPL Financial has been added to our team and brings ten years of experience in financial services and securities to FBR Investment Services. His commitment to client service and objective, personalized financial advice aligns with our firm’s values. We look forward to his contributions, allowing us to expand the depth of services that we can provide to our clients.
LPL Financial is the nation’s leading provider of third-party investment services to banks and credit unions, offering insurance and investment services to approximately 800 banks and credit unions nationwide**. LPL provides personalized support, a robust, integrated technology platform, investment solutions and practice management resources that enable the delivery of objective financial advice.
About LPL Financial
LPL Financial (https://www.lpl.com) is a leader in the retail financial advice market and the nation’s largest independent broker-dealer*. They serve independent financial advisors, professionals and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices.
LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.
*Based on total revenues, Financial Planning magazine June 1996-2020
**Source: 2018/2019 Kehrer Bielan TPM Survey. Based on Financial Institution Market Share.
LPL Financial and First Bank Richmond are separate entities.
***
First Bank Richmond is a community-oriented financial institution headquartered in Richmond, Indiana. First Bank Richmond provides full banking services to individuals and businesses through its eight branches located in Indiana and five branches and one loan production office in Ohio. The Ohio offices currently operate as Mutual Federal, a division of First Bank Richmond. Member FDIC. Equal Housing Lender.
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