LPL Update - May

This past May has undoubtedly been one of our busiest and most exciting months of 2023 thus far at LPL Financial.

We welcomed new leadership, announced several partnerships to the firm, celebrated motherhood, recognized AANHPI and Mental Health Awareness Month and came together to give back to our communities through May Serve Days at LPL.

We are incredibly thankful for the continued growth and well-being of all who are a part of our organization.

Here’s a recap of some of May’s memorable moments.

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In LPL leadership news, we welcomed Vivek Pappu to our Investor and Investment Solutions team this month. As Executive Vice President and Chief Analytics and Data Officer, Vivek will lead the firm’s data strategy, leveraging AI-based applications across LPL’s ecosystem to eliminate inefficiencies and drive performance. We are grateful to have him on board and excited to see him apply his expertise in commercializing innovative data solutions to help advisors build better futures for themselves and their clients.?

This month we also celebrated the launch of LPL’s new Diversity, Equity and Inclusion (DEI) Awards program in partnership with the American Bar Association and the Commission on Racial and Ethnic Diversity in the Profession. We created this program to recognize law firms and attorneys who are committed to advancing DEI at their firms and in their communities, and we congratulate our inaugural award winners, Mintz and Alexander Madrid from McGuireWoods, on their commitment to promoting diversity, equity and inclusion in our industry.

Notable Joins

Seeking to further his commitment to providing elevated experiences, education and resources to help his clients navigate change, Nate Carlon proudly joined the LPL family earlier this month . We are proud to have Nate join our expansive network of advisors and excited to support him in building his perfect practice through LPL’s innovative technology, platforms and flexibility. Welcome aboard, Nate!

Thomas Reynolds and Kathleen Gfrorer of Landmark Capital Advisors made a move to LPL , bringing over 30 years of experience helping clients make sound, long-term financial decisions to feel confident in their future to the firm. We are grateful to be their chosen partner, supporting them in the evolution of their practice and look forward to helping them grow their team of advisors.??

Next, we proudly welcomed father-son advisor duo Jeffrey and Justin Katz to LPL’s Linsco community, supporting their mission to build out their firm based on their client’s wants and needs. Linsco allows advisors to operate with more autonomy and flexibility to focus on what’s best for their clients and business, and we’re excited to see how Jeffrey and Justin evolve their practice.

Seeking a new partnership that would provide the tools and platforms needed to elevate business, Michelle Brennan Hall and her team at Brennan Wealth Advisors recognized LPL as the clear choice to help maximize their firm’s potential. We are honored to be their chosen partner and inspired by their commitment to help clients become “wealth creators,” passing on wealth, traditions, and values to future generations. We look forward to a long-lasting relationship with their team.

In big news for LPL Institution Services, we welcomed financial advisors Indya Kellman, Tim Mol, Pier Mutovic, Kim Trimmer and Mike Tormey to the platform, aligning with our valued partners at Affinity Investment Services. We, along with Affinity, are committed to providing their wealth management program with the best technology, digital capabilities, and planning resources to differentiate their offering and, ultimately, grow their business. We look forward to supporting their institution for many years to come!

As a natural entrepreneur, financial advisor Jeff Hedberg gravitated to LPL’s strong commitment to supporting independent advisors, joining our firm this month in order to exceed client expectations through the best possible service and technology. It’s truly an honor to welcome and support Jeff and his firm’s client-focused commitment during their next business chapter.??

We were thrilled to welcome financial advisor David Johnston and his Amwell Ridge Wealth Management team to LPL this month, aligning with Bleakley Financial Group, our LPL-advisor-affiliated firm. The decision to join Bleakley and LPL was based on David’s desire to address the shifting needs of his business, and we look forward to providing David and his team with what they need to feel confident in helping clients navigate the evolving regulatory landscape and technology advances.

In Strategic Wealth Services news, we’re excited to announce Bruce Pienton and Scott O’Mara to the firm as they launch their new independent practice, Bridgewright Wealth Partners . LPL Strategic Wealth Services is designed for advisors who want to own their business and have more control over their client experiences without the burden of operational and business management responsibilities. It’s a privilege to partner with this team, helping them realize their dream of creating the perfect practice through our Strategic Wealth platform, and we congratulate them on this exciting new phase of business.

After a decade in the wirehouse environment, Jonathan Kesselman decided the independent route would be the best fit for the success of his business moving forward. With careful consideration and much due diligence, Jonathan chose to partner with LPL this month, seeking the flexibility to operate his business in a way he feels serves his clients' best interests. At LPL, we believe advisors know their clients best and should be able to build their practice in a way that helps them deliver what their clients need and value. We look forward to providing Jonathan with just that and congratulate him on launching his new independent practice.

We closed out the month of May by welcoming father-son team of advisors Larry and Zach Lytle to LPL , celebrating the launch of their new independent practice, Wiser Advisor Group, LLC. We appreciate and resonate with the team’s hyper-focus on the success of their clients and are excited to partner with Larry and Zach to provide them with the best technology and tools available for many years to come.

Institution Spotlight

At LPL, we understand our financial professionals' unique role in helping their clients pursue their financial goals and life ambitions. They are bridge builders and work tirelessly to eliminate obstacles to meet clients' needs.

We’re grateful to have the opportunity to play a part in helping our financial professionals succeed in the important work they do and for partnerships with enterprise professionals like Joe Geis and Jess Dohner, who utilize LPL’s cutting-edge technology and tools that help them elevate their business.

Click here to learn more about how we’re helping banks and credit unions every day transform their client services through technology and partnership.