CHARLOTTE, N.C., Jan. 06, 2022 (Globe NEWSWIRE) — LPL Money LLC (Nasdaq: LPLA) introduced these days that economic advisor Corey Phillips has joined LPL Financial’s broker-seller, company registered investment decision advisor (RIA) and custodial platforms. Phillips claimed to LPL that he served somewhere around $a hundred and fifteen million in advisory, brokerage and retirement belongings.* He joined LPL from Park Avenue Securities, element of the Guardian Everyday living Insurance Firm of The united states.
Primarily based in Pittsfield, Mass., Phillips’ journey to getting to be a economic advisor was a bit distinctive. Just after college or university, he teamed up with his brother and father to individual a small retail liquor shop and rental attributes. “My practical experience as a shop owner linked me with persons from all walks of life and added a genuinely distinctive layer of standpoint to my do the job in economic advising,” mentioned Phillips, who finally still left the retail world to start his new vocation as a whole-time economic advisor in 2014. The practical experience, he mentioned, gave him a personable and participating tactic to his shopper relationships — he normally would make an effort and hard work to practice active listening, fully grasp his clients’ economic aim and personalize strategies to their numerous demands.
In exploring for a new wealth administration company, Phillips chose to transfer to LPL and workforce up with Alex Kastrinakis, a former colleague who joined LPL last year. They program to fully husband or wife and start a new brand name later this year.
Phillips stated, “LPL as an industry-leading husband or wife to economic advisors and I am eager to apply ground breaking equipment and assets that LPL has to offer you. I believe that my purchasers will now enjoy an easy and intuitive investing practical experience, and I have all the necessary capabilities to diversify investment decision options, improve my clients’ return opportunity and differentiate my practice. On top of that, LPL has no proprietary investment decision solutions, so I can be a fiduciary and offer you strategies and insights that are in my clients’ most effective passions.”
Scott Posner, LPL government vice president, Company Progress, stated, “Our workforce at LPL extends a heat welcome to Corey, and we are honored to aid him and Alex in launching their rebranded practice later this year. We believe that advisors know what is most effective for their purchasers, and they should be empowered with the independence and adaptability to do so. LPL strives to be a fully commited husband or wife to our economic advisors, giving a huge range of differentiated companies and ground breaking technological innovation activities. We glance forward to a very long-lasting partnership with Corey and the progress of his business enterprise.”
Advisors, find an LPL business enterprise development consultant around you.
About LPL Money
LPL Money (Nasdaq: LPLA) was established on the theory that the company should do the job for the advisor, and not the other way close to. Currently, LPL is a leader** in the marketplaces we serve, supporting more than 19,000 economic advisors, 800 establishment-based investment decision systems and 450 independent RIA companies nationwide. We are steadfast in our determination to the advisor-centered design and the belief that Us citizens are entitled to accessibility to individualized direction from a economic advisor. At LPL, independence indicates that advisors have the flexibility they are entitled to to select the business enterprise design, companies, and technological innovation assets that enable them to run their fantastic practice. And they have the flexibility to regulate their shopper relationships, due to the fact they know their purchasers most effective. Simply just place, we consider treatment of our advisors, so they can consider treatment of their purchasers.
**Prime RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. one Independent Broker-Supplier in the U.S (Primarily based on complete revenues, Money Preparing journal June 1996-2020) No. one supplier of third-occasion brokerage companies to banking institutions and credit rating unions (2020-2021 Kehrer Bielan Study & Consulting Annual TPM Report) Fortune 500 as of June 2021
* Value approximated based on asset and keeping details presented to LPL from the year 2021
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