Press Release – Abound Financial Acquires Clario Financial

ABOUND FINANCIAL ACQUIRES CLARIO FINANCIAL

Granite Bay, CA — June 30, 2022 — David Laut, an independent LPL Financial Advisor at Abound Financial in Granite Bay, today announced that Abound Financial has acquired Clario Financial of Chico, CA. 

“We have a great team here running in the same direction. So the future feels very bright,” said David Laut, CEO of Abound Financial. “This acquisition allows us to do what we’re passionate about for more people.” When asked about the acquisition between Abound Financial and Clario Financial, Mark Burns, formerly of Clario, had this to say: “For the last 7 years, Mark (Barrett) and I have been working on putting a plan in place to make sure that our clients are taken care of in the way we want for them to be taken care of, beyond us. We’ve talked to a lot of people, and they just didn’t check off all the boxes and then came across David Laut.” Mark Barrett, formerly of Clario, said, “We realized when we started talking about this, how close we really were. How we approach the business, our dedication to planning, how we approach money management, all those things were so close that it was like: why wouldn’t we do this? I think my father would be pleased to see what’s happened to the firm since he passed away. I think he’d be gratified to learn that we’ve found such a great partner to carry his legacy forward.” Laut is affiliated with LPL Financial, a leading wealth management firm. LPL provides the resources, tools, and technology that support advisors in their work to enrich their clients’ financial lives.

About LPL Financial:

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 19,000 financial advisors, 800 institution-based investment programs, and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and believe Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships because they know their clients best. Simply put, we take care of our advisors so that they can take care of their clients.

*Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 as of June 2021

Securities are offered through LPL Financial, member FINRA/SIPC. Investment advisory services offered through Abound Financial, a Registered Investment Advisor. LPL Financial and Abound Financial operate as separate and unaffiliated entities.