July 14, 2024


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LPL Financial, JFC Advisor Network Welcome Sandstone Wealth Management

CHARLOTTE, N.C., Sept. sixteen, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC (Nasdaq:LPLA) today announced that Sandstone Wealth Management, the financial commitment system situated at Heartland Financial institution, has joined LPL’s Institution Services system, aligned with JFC Advisor Community (JFC), a substantial business that supports LPL-affiliated advisors. Sandstone Wealth Management’s economic specialists noted earlier getting served about $three hundred million in brokerage, advisory and retirement system assets*. They ended up earlier affiliated with Raymond James and Royal Alliance, section of the Advisor Group community.

Heartland Financial institution is a family members-owned neighborhood institution dating back again to 1899, now serving shoppers in 13 spots throughout central Nebraska. With the shift to LPL, the financial commitment system has been rebranded to Sandstone Wealth Management, shelling out homage to the one of a kind rock formations identified during the condition. Tyler Daly, a 2020 Forbes Best Subsequent-Gen Wealth Advisor, manages the financial commitment middle and is joined by fellow advisor Mike Theis and two assistants.

Looking to streamline their company, decrease annual expenses for shoppers and develop differentiated activities, the Sandstone Wealth Management workforce chose to be a part of LPL and JFC for the following chapter of the company. “We’ve identified that LPL has a genuinely sturdy on the internet retirement preparing portal and other improved technological know-how choices that will assist us streamline our company to target a lot more on shoppers and make their financial commitment activities even far better,” Daly explained.

The actuality that JFC Advisor Community is situated in close by Lincoln, Neb., was an additional substantial attract. “To have a nearby team right here in our corner is a substantial profit. We can produce own interactions with the JFC workforce and develop our community,” Daly explained.

Jack Connealy, founder of JFC Advisor Community, said, “JFC is exited to welcome Tyler, Mike and the Sandstone system to our family members of advisors situated at an institution. They are a course act workforce that we are fortuitous to be in a position to aid. As a Nebraska-based mostly business, functioning with advisors situated at nearby banking companies constantly takes JFC back again to our roots. We search ahead to a very long-long lasting and successful relationship with Sandstone Wealth Management.”

Ken Hullings, LPL senior vice president and head of business recruiting, explained, “We extend a warm welcome to Tyler and Mike and congratulate JFC for developing its community. We recognize the one of a kind demands and possibilities for our institutional shoppers and are dedicated to supporting them with a foremost wealth administration system, progressive technological know-how, strategic consultative aid and committed service expertise that can assist them differentiate their company and carry a lot more value to their shoppers and institution. We search ahead to supporting the whole Sandstone Wealth Management workforce for a long time to come.”

Advisors, find an LPL company progress representative near you.

About LPL Fiscal
LPL Fiscal (Nasdaq: LPLA) was founded on the theory that the company should perform for the advisor, and not the other way all over. Today, LPL is a leader** in the marketplaces we provide, supporting a lot more than 19,000 economic advisors, 800 institution-based mostly financial commitment plans and 450 unbiased RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered design and the belief that Us citizens deserve access to goal advice from a economic advisor. At LPL, independence usually means that advisors have the liberty they deserve to opt for the company design, products and services, and technological know-how sources that let them to run their ideal apply. And they have the liberty to take care of their shopper interactions, mainly because they know their shoppers most effective. Basically place, we choose care of our advisors, so they can choose care of their shoppers.

** Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Unbiased Broker-Vendor in the U.S (Based on full revenues, Fiscal Planning journal 1996-2021) No. 1 provider of 3rd-get together brokerage products and services to banking companies and credit score unions (2020-2021 Kehrer Bielan Exploration & Consulting Annual TPM Report) Fortune 500 as of June 2021

*Based on prior company and signifies assets that would have been custodied at LPL Fiscal, rather than 3rd-get together custodians. Described assets and shopper quantities have not been independently and completely verified by LPL Fiscal.

Securities and advisory products and services are presented by way of LPL Fiscal (LPL), a registered financial commitment advisor and broker-vendor (member FINRA/SIPC). Insurance coverage merchandise are presented by way of LPL or its licensed affiliates. Heartland Financial institution and Sandstone Wealth Management are not registered as a broker-vendor or financial commitment advisor. Registered reps of LPL offer merchandise and products and services employing Sandstone Wealth Management, and might also be staff members of Heartland Financial institution. These merchandise and products and services are becoming presented by way of LPL or its affiliates, which are separate entities from, and not affiliates of Heartland Financial institution, JFC Advisor Community or Sandstone Wealth Management. Securities and insurance plan presented by way of LPL or its affiliates are:

  • Not Insured by FDIC or Any Other Government Agency
  • Not Financial institution Confirmed
  • Not Financial institution Deposits or Obligations
  • May well Drop Price

Through this interaction, the conditions “financial advisors” and “advisors” are utilized to refer to registered reps and/or financial commitment advisor reps affiliated with LPL Fiscal LLC. We routinely disclose details that might be significant to shareholders in the “Investor Relations” or “Press Releases” portion of our web site.

The Forbes Subsequent-Gen Wealth Advisors rankings, formulated by SHOOK Exploration, is based mostly on an algorithm of qualitative criterion, primarily gained by way of telephone and in-human being due diligence interviews, and quantitative facts. Those people advisors that are considered are under 40, have a bare minimum of four years’ expertise, and the algorithm weighs factors like income developments, assets under administration, compliance records, sector expertise and people that encompass the greatest standards of most effective procedures. Portfolio efficiency is not a criterion due to varying shopper targets and deficiency of audited facts

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Lauren Hoyt-Williams
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