The LPL Update – August ?

With August behind us, I want to review several of our recent accomplishments. A particular highlight was our largest-ever Focus conference. It's inspiring to see how LPL's main event supports advisors and financial institutions of all sizes.

A key theme this year was embracing change and emerging trends, such as generative artificial intelligence (AI) and its transformative possibilities. Rather than replacing advisors, LPL's Greg Gates and Kabir Sethi see it as an additional opportunity to enhance the way advisors engage with clients and run their businesses.

LPL Milestones? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??

We are proud to share Prudential Financial , Inc. and LPL entered a strategic relationship agreement designed to enhance the customer and financial professional experience for Prudential’s retail wealth management business, Prudential Advisors. Additionally, we welcomed Commerce Financial Advisors to LPL’s Institution Services platform after signing an agreement in November 2022. We look forward to supporting them in growing their wealth management business.

Notable Joins

We started the month by welcoming John Klein to launch his new independent practice,?Veritas Legacy Wealth . Veritas, Latin for “truth,” is founded on the principle that clients’ interests should always come first. We share their client-first mentality and look forward to helping this dynamic team.

We’re thrilled to welcome back Richard Donahue , a seasoned financial advisor with nearly 57 years of industry experience. We look forward to helping Asset Advisors grow and deepen Richard’s legacy as he continues to create more value for generations of clients. It’s great to have you back!

Brendan Wood joined our employee advisor channel,?Linsco by LPL Financial , to launch Wood Wealth Management of LPL Financial. We’re committed to creating differentiated and compelling experiences for both advisors and their clients and look forward to a long-lasting relationship with Wood Wealth.

We’re honored to support?Colleen Schuler and John Gibson as they launch their independent practice, Gibson Schuler Wealth Advisors, LLC. Their client base is made up of both pre-and post-retirees, and they make it a priority to understand each of their unique financial situations, as well as their aspirations, to help them achieve their fiscal goals.

The young and dynamic Breakaway Wealth Management team of Roger Relucio, Pasqualino Ruffa and David Kraus, offers straightforward, actionable advice and financial strategies that are both comprehensive and easy to understand. It is an honor to be their chosen partner in their journey to build their ideal practice.

Andrew Hayek joins our broker-dealer, RIA and custodial platforms, aligned with existing firm?Bluestone Wealth Partners .?Hayek works with individuals and couples planning for retirement and creating distribution strategies that will not only last their lifetime but also allow them to leave a legacy for future generations.

A big welcome to Watermark Wealth Management and their 16 advisor team. The team has a passion for helping others improve and maintain their financial achievements. We appreciate the high standards and integrity that the Watermark team demonstrates and look forward to supporting them for years to come.

Matthew Holbrook joins Linsco by LPL Financial, to launch Coastline Wealth Advisory of LPL Financial. With more than two decades of industry experience, Holbrook is driven to help his clients organize and map their financial lives so they can make informed decisions about their fiscal futures.?

As the industry continues to evolve, Megan Stirrat, CFP?, CDFA?, SE-AWMA? and Tenley Hardt decided it was time to break away from the wirehouse model and build their own independent practice. The duo considers themselves quarterbacks for their clients’ financial lives, often working closely with attorneys, CPAs and other professionals to provide a more holistic, in-depth financial analysis.

Looking to pair their client-centered philosophy with their desire to move to independence, Steve Boeckmann and David Wyzgowski launched BW Wealth Management. With more than four decades of wealth management experience between them, the advisors share a passion for helping their clients create personalized financial plans designed to help them make the most of their retirement years.

Looking for greater ease of doing business and differentiated service experiences, Kevin Loyd, Calvin Keth and Jeremy Spellmeyer of Legacy Wealth Advisors joined our broker-dealer, RIA and custodial platforms. The team makes it a priority to come up with an entire roadmap for their clients on how and when to take the money out in the most tax-efficient way.

?