Super OSJ managing $744 million leaves NPC

Elite Financial Network, an independent hybrid RIA and Super OSJ whose 35 advisers manage $744 million in advisory and brokerage assets, has switched affiliations from National Planning Corp. to Securities America. Based in Huntington Beach, Calif., Elite Financial Network has offices throughout Southern California. National Planning Corp is the largest firm within National Planning Holdings, which has been purchased by LPL Financial. Several large Offices of Supervisory Jurisdiction that have hybrid advisers recently have left NPH. Starting Jan. 1, 2018, LPL said it will assess a five-basis-point fee on assets managed by its advisers that are held at other custodians.