Lakewood Wealth Management Joined LPL Financial
The Ann Arbor firm transitioned its $170 million in assets to the LPL brokerage and investment platform.
Updated on Sept. 30, 2026 in Financial Planning
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Lakewood Wealth Management has joined LPL Financial's network after previously operating under Cambridge. The Ann Arbor-based firm brings $170 million in advisory, brokerage, and retirement plan assets to the new platform.
Why it matters
The firm transitioned to LPL Financial to leverage its advanced technology and extensive resources while maintaining advisor independence. This move integrates Lakewood's team-based practice into one of the industry's largest independent broker-dealers.
Lakewood Wealth Management manages $170 million in assets, joining an LPL Financial network that currently supports over 32,000 advisors. LPL serves approximately 8 million Americans across 1,100 institutions with a total of $2.6 trillion in assets.
The players
Harrison Kennard
He is a financial advisor who leads the team-based structure at Lakewood Wealth Management.
Lakewood Wealth Management
This is an Ann Arbor-based financial advisory firm that recently transitioned its platform to LPL Financial.
LPL Financial
Headquartered in San Diego, this company is a major provider of brokerage and investment services for independent advisors.
Charles Dobben
He is one of the financial advisors at Lakewood Wealth Management who transitioned to the LPL Financial platform.
Justin Pandy
He serves as a financial advisor at Lakewood Wealth Management and was part of the firm's recent transition.
The details
Led by Harrison Kennard, the Lakewood Wealth Management team includes advisors Charles Dobben and Justin Pandy. They will utilize LPL's broker-dealer and Registered Investment Advisor platforms to manage their client base from their base in Ann Arbor.
Timeline
September 30, 2026: LPL Financial announced the addition of Lakewood Wealth Management to its platform.
Market Landscape
This transition highlights the ongoing industry shift toward consolidation, where boutique firms align with large-scale platforms to access competitive technology. By joining LPL, Lakewood Wealth Management positions itself to compete more effectively against larger regional and national wealth management firms.
Clients of Lakewood Wealth Management may gain access to new digital tools and expanded resources offered through the LPL platform. The firm will continue to operate under its existing team-based structure led by Harrison Kennard.
The takeaway
Advisory firms increasingly prioritize technology and back-office scale as essential factors for long-term growth. Clients should check with their advisors to understand how platform changes affect their specific account interfaces or service portals.
Further reading
For more on industry shifts, explore the latest trends in Financial Planning.
More information
For more details on the transition, visit the LPL Financial corporate website.
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