CHARLOTTE, N.C., Aug. twelve, 2021 (World NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) currently declared that the workforce at Tower sixty eight Financial Advisors, led by founder and CEO Ken South, has released a new impartial follow by affiliation with LPL Financial’s Strategic Wealth Products and services (SWS) model designed to help the one of a kind desires of breakaway advisors. The workforce documented owning served around $550 million in advisory, brokerage and retirement system belongings*. They be part of LPL from Oppenheimer.
South, who expended his teenager years as an ocean lifeguard at Tower sixty eight in Newport Seashore, Calif., began his career in the monetary services industry in 1985 in advance of founding his solo follow in 2006. He is now joined at Tower sixty eight Financial Advisors by Chief Working Officer Steve Arcos and an skilled operational help workforce. They take delight in personally taking care of and handpicking portfolios, which are personalized to healthy every single client’s character and desires. South, who teaches shares and bonds to high faculty senior economics students, also implements monetary schooling and coaching within the follow to support shoppers fully grasp the significant picture of their funds.
In choosing a identify for their new follow, South and the workforce acknowledged the parallels in between lifeguards and monetary experts. He said, “As a former lifeguard, no just one realized that beach as very well as I did. It was my position to shield men and women and preserve them from harm’s way. Which is what we do as advisors—we take care of our shoppers and do what’s correct for their monetary futures.”
After sizeable analysis and owing diligence, the workforce turned to LPL to support elevate the consumer working experience and take their follow to the subsequent degree. “LPL provides our shoppers with an very robust online working experience. The simplified, intuitive technologies offers shoppers the tools and assets they have to have to be capable to view their complete portfolio and conveniently add info,” South said. “My workforce also believes that LPL’s trading system is 2nd to none. We can take care of trades with comprehensive objectivity, allowing for us to set our clients’ finest interests at the forefront of almost everything we do.”
Dedicated help from LPL Strategic Wealth Products and services
“We’re also excited about the depth of dedicated help supplied by the SWS model,” South said. “We’ve built good associations with LPL’s SWS personnel, who we think about an extended component of our workforce, and they offer strategic coaching and know-how in parts that are not my core competencies.”
In addition to owning access to LPL’s built-in prosperity administration system and complex assets needed to operate a flourishing follow, SWS groups also get an added layer of ongoing, personalised help for everyday functions and very long-phrase business enterprise administration. From the incredibly commencing, SWS bridges the changeover to independence by furnishing dedicated start help, which includes serious estate create-out, manufacturer growth, technologies setup and HR services. After the changeover, the price of the SWS model shifts to the ongoing strategic, administrative, promoting and CFO help that permits advisors to stay concentrated on the enduring desires of their shoppers, tradition and evolution of their follow.
“I can not tension sufficient the pleasure derived from maximizing our follow and making differentiated activities for our shoppers. Their joy and monetary wellbeing are what is most critical,” South said.
Scott Posner, LPL govt vice president, Company Development, said, “It is our honor to have Ken and the skilled workforce at Tower sixty eight be part of the LPL neighborhood. We congratulate them on their new impartial follow and are committed to supporting them as they embark on this new and exciting journey. At LPL, we continually attempt to innovate our technologies and answers to support our advisors differentiate their follow and boost their clients’ lives. Our SWS system and business enterprise assets empower advisors to improve their business enterprise and elevate consumer working experience. In addition, our advisors will have our full, personalised help every single step of the way. We lengthen a warm welcome to the Tower sixty eight workforce and glance ahead to a very long-lasting partnership with them.”
Learn additional about Tower sixty eight. Browse about other corporations that just lately joined LPL in the LPL Financial News and Media segment of LPL.com.
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About LPL Financial:
LPL Financial (Nasdaq: LPLA) was launched on the principle that the firm should work for the advisor, and not the other way all over. Right now, LPL is a chief** in the markets we provide, supporting additional than 19,000 monetary advisors, 800 institution-centered financial investment courses and 450 impartial RIA corporations nationwide. We are steadfast in our motivation to the advisor-centered model and the belief that Americans are worthy of access to aim steerage from a monetary advisor. At LPL, independence suggests that advisors have the freedom they are worthy of to choose the business enterprise model, services, and technologies assets that let them to operate their fantastic follow. And they have the freedom to take care of their consumer associations, mainly because they know their shoppers finest. Simply just set, we take care of our advisors, so they can take care of their shoppers.
*Based mostly on prior business enterprise and represents belongings that would have been custodied at LPL Financial, alternatively than 3rd-occasion custodians. Claimed belongings and consumer figures have not been independently and totally confirmed by LPL Financial.
**Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Unbiased Broker-Supplier in the U.S (Based mostly on total revenues, Financial Setting up journal June 1996-2020) No. 1 provider of 3rd-occasion brokerage services to banking companies and credit unions (2020-2021 Kehrer Bielan Investigate & Consulting Yearly TPM Report) Fortune 500 as of June 2021
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All over this conversation, the conditions “financial advisors” and “advisors” are utilized to refer to registered associates and/or financial investment advisor associates affiliated with LPL Financial LLC. We routinely disclose info that could be critical to shareholders in the “Investor Relations” or “Press Releases” segment of our web-site.
Tower sixty eight Financial Advisors and LPL Financial are separate entities.
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