A Cincinnati-based team managing about $715 million in client assets is joining LPL Financial from Cetera.

Concentric Wealth Management is led by Patrick Burke and Matt Tarka, and was affiliated with Avantax (which Cetera acquired in 2023). The firm was founded as an accounting firm over 40 years ago, and added wealth management services 15 years ago. In addition to the founders, the firm includes four other advisors and three support staff.

According to Burke, the team works with business owners, retirees and emerging affluent households as a “one-stop shop” for clients. After growing during the past two years, Tarka said the firm did “extensive research” before partnering with LPL, partly due to its technology and “strong” alternative investment platform.

“With this alignment, we’re equipped to accelerate our growth while staying rooted in our values,” Tarka said in a statement.

Earlier this week, LPL welcomed Skyward Financial, a $700 million Houston-based team from Wedbush Securities, and Chloey Wealth, headed by Lincoln, Neb.-based advisors Jenna Vitosh and Natalie Paige. The duo collectively oversaw about $140 million in assets, with Vitosh joining from Edward Jones and Paige from New York Life.

Also, this month, LPL Financial announced it closed on its acquisition of Commonwealth Financial Network, delaying the final integration timing to 2026’s fourth quarter. LPL announced in March that it would acquire the privately held Commonwealth, a Waltham, Mass.-based firm with about 3,000 advisors and $305 billion in assets, for a cash deal of about $2.7 billion.

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According to LPL, the firm remains on track to hit its retention target of 90% of Commonwealth advisors, though several large teams have already departed for rival broker/dealers. 

Additionally, several top executives at Atria Wealth Solutions have left the firm as LPL continues to integrate that business after closing on its acquisition in October 2024. The executives leaving include several senior marketing executives and employees in investment solutions, practice management and product strategy.