Securities America team managing $800 million moves to LPL

Equitrust Financial Group, a hybrid managing $800 million, has switched its broker-dealer affiliation and registered investment adviser platform to LPL from Securities America, which is part of Advisor Group.

Based in Deerfield, Illinois, Equitrust was founded in 1989 by Steven Hyman and Charles Noparstak. It has expanded to include advisers Felix E. Aisen, Joshua S. Noparstak and Gail V. Crowley, along with a seven-member support staff.

The team had been affiliated with Securities America since 1991.

[More: LPL to pay top dollar for employee reps and advisers]

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