Louisiana-based Goss Wealth Management, which has offices in Baton Rouge and New Orleans, has joined LPL Financial's broker-dealer and hybrid RIA custodial platform.

Louisiana-based Goss Wealth Management, which has offices in Baton Rouge and New Orleans, has joined LPL Financial's broker-dealer and hybrid RIA custodial platform.

Goss Wealth Management is comprised of financial advisors and four support staff, as well as a chief financial officer. The firm previously supported client brokerage and advisory assets of approximately $520 million as of June 20, 2014.

The firm – founded in 1981 by Jerry Goss - serves mass affluent and high net worth clients, as well as retirement plans, estates and endowments.

“Fundamental to its transition to LPL Financial was Goss Wealth Management's decision to establish its own registered investment advisory (RIA) and pursue its vision to bring the independent hybrid RIA advisor, or 'super-OSJ [Office of Supervisory Jurisdiction]', model to the Gulf South region,” LPL said.

The Gulf South states consist of Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi and Texas. 

Steve Pirigyi, executive vice president of business development at LPL Financial, said the firm believes that the RIA advisor model “has not yet substantially penetrated” in the Gulf South.