LPL Update – October

What an exciting month we’ve had at LPL this October! Not only did we welcome a number of new partnerships to the firm, we also took home an award for Wealth Manager Platform of the Year, and we celebrated “Spooky Season” LPL style with a cross-campus Halloween party.

Here’s a recap on what happened this October at LPL.

LPL Milestones

What an honor it was for our team to take home the Wealth Manager Platform of the Year award for Model Wealth Portfolios (MWP) at the Money Management Institute Barron's Industry Awards this month! This achievement truly speaks to the hard work and dedication of our wealth management solutions teams when it comes to delivering high quality capabilities and better outcomes for our advisors and their clients. Congratulations to all working behind the scenes on MWP!

We also shared some exciting Q3 earnings results this month, noting record-setting advisor headcount and financial growth for the firm. These achievements can largely be attributed to our unwavering company-wide mission of taking care of our advisors, so they can take better care of their clients. We are confident that moving forward, this momentum and financial strength position our organization to provide even more value to our advisors and institutions, as well as our investors.

Notable Joins

Since 1988, financial advisor John Bodnar and his team have developed a legacy of offering flexible, friendly and professional advice that puts their clients at ease during life's biggest events. We couldn’t be more excited to help them continue that legacy as they partner with us to take the next step in their journey under our RIA and custodial platforms. Welcome John, Justin, Lorraine, Jane and Danielle!

Financial advisor Alex Guiliano was searching for the freedom and flexibility to build his own business on his terms with the right partners by his side. After more than two years of research and due diligence, Alex found the right partner in LPL, launching his own independent practice, Resonate Wealth Partners, this month with LPL Strategic Wealth Services. We are grateful to support Alex as an independent business owner while allowing him to leverage LPL's resources to provide his clients with the attention they deserve. Congratulations, Alex!

Another incredible addition to the LPL Strategic Wealth Services family, we proudly welcomed financial advisors Beau Jones, Chris Story, Taylor Roberts and Joseph Montgomery as they launched their new independent practice, The Albany Group. These advisors are longtime friends and colleagues who have developed a deep respect for each other over the years. With the launch of The Albany Group, they come together as a team to provide outstanding experiences for their clients. We look forward to a long and exciting journey ahead with the entire team at The Albany Group!

With the goal of growing his business and building out his team to include additional financial planners and analysts, financial advisor Chip Marcus CFP joined LPL’s Linsco model this month, launching his new practice, Chip Marcus Wealth Management. Our Linsco model serves financial advisors seeking the core tenets of independence, while benefiting from the support from an experienced branch management team, dedicated marketing consultant, technology consultant, and service team. We’re grateful Chip found his perfect fit with Linsco and that our partnership allows him the freedom and flexibility to focus on what’s best for his clients and business.

At LPL, we know that when advisors come together with the shared mission of servicing clients in the best, most efficient manner possible, amazing things happen! That’s certainly the case here as financial advisor Chris Albright of Astra Wealth Advisors joins forces with current LPL affiliated advisor, Kimberly Santarsiero. The move to LPL will allow Chris to strengthen his practice and expand client services. What a powerful partnership these two will form, and we couldn't be more excited to be a part of it.?

Advisor Spotlight

I want to share a success story from our friend and colleague Bob Garretson, CEO of Embark Financial Partners, who had recently gone through a significant expansion in his practice, going from one to three locations.

Bob was facing expansion challenges and needed someone he could partner with on financial fundamentals.?Someone who really understood not only tripling his team size, but also moving to LPL,?and?the new reality of managing a now multi-site practice with a larger team of financial professionals.

That’s where LPL’s Business Strategy Services came in to consult with Garretson and his team and be that dedicated partner he needed to successfully operate from both a business and growth standpoint.

Hear Bob’s story and how LPL’s CFO support team has helped him identify areas for growth and expansion, all while allowing him to provide excellent care for both his team and his clients.