CHARLOTTE, N.C., Aug. 12, 2021 (Globe NEWSWIRE) — LPL Monetary LLC (Nasdaq:LPLA) right now declared that the crew at Tower sixty eight Monetary Advisors, led by founder and CEO Ken South, has launched a new unbiased exercise through affiliation with LPL Financial’s Strategic Wealth Companies (SWS) product made to assistance the distinctive requirements of breakaway advisors. The crew claimed possessing served about $550 million in advisory, brokerage and retirement plan belongings*. They be part of LPL from Oppenheimer.
South, who spent his teenager a long time as an ocean lifeguard at Tower sixty eight in Newport Seaside, Calif., started off his job in the monetary solutions marketplace in 1985 in advance of founding his solo exercise in 2006. He is now joined at Tower sixty eight Monetary Advisors by Chief Functioning Officer Steve Arcos and an experienced operational assistance crew. They consider satisfaction in personally handling and handpicking portfolios, which are custom-made to in shape every client’s personality and requirements. South, who teaches stocks and bonds to high faculty senior economics pupils, also implements monetary training and coaching in just the exercise to enable purchasers recognize the major photo of their finances.
In choosing a identify for their new exercise, South and the crew recognized the parallels amongst lifeguards and monetary experts. He stated, “As a former lifeguard, no one particular knew that seaside as well as I did. It was my career to guard people and maintain them from harm’s way. Which is what we do as advisors—we consider treatment of our purchasers and do what’s appropriate for their monetary futures.”
Following sizeable exploration and owing diligence, the crew turned to LPL to enable elevate the customer practical experience and consider their exercise to the next level. “LPL supplies our purchasers with an amazingly strong on the net practical experience. The simplified, intuitive technologies presents purchasers the equipment and means they require to be equipped to watch their entire portfolio and easily upload information and facts,” South stated. “My crew also thinks that LPL’s buying and selling system is 2nd to none. We can deal with trades with finish objectivity, making it possible for us to set our clients’ best pursuits at the forefront of everything we do.”
Fully commited assistance from LPL Strategic Wealth Companies
“We’re also energized about the depth of focused assistance supplied by the SWS product,” South stated. “We’ve built terrific associations with LPL’s SWS workers, who we look at an extended portion of our crew, and they offer strategic coaching and skills in parts that are not my core competencies.”
In addition to possessing accessibility to LPL’s integrated wealth management system and advanced means desired to operate a thriving exercise, SWS groups also receive an added layer of ongoing, individualized assistance for day-to-day functions and lengthy-expression enterprise management. From the extremely beginning, SWS bridges the changeover to independence by providing focused launch assistance, such as genuine estate construct-out, manufacturer progress, technologies setup and HR solutions. Following the changeover, the benefit of the SWS product shifts to the ongoing strategic, administrative, marketing and advertising and CFO assistance that permits advisors to remain focused on the enduring requirements of their purchasers, culture and evolution of their exercise.
“I simply cannot tension enough the pleasure derived from enhancing our exercise and making differentiated experiences for our purchasers. Their happiness and monetary wellbeing are what is most important,” South stated.
Scott Posner, LPL executive vice president, Organization Development, stated, “It is our honor to have Ken and the experienced crew at Tower sixty eight be part of the LPL community. We congratulate them on their new unbiased exercise and are fully commited to supporting them as they embark on this new and interesting journey. At LPL, we continually strive to innovate our technologies and remedies to enable our advisors differentiate their exercise and boost their clients’ lives. Our SWS system and enterprise means empower advisors to improve their enterprise and elevate customer practical experience. In addition, our advisors will have our full, individualized assistance each and every action of the way. We extend a warm welcome to the Tower sixty eight crew and seem ahead to a lengthy-long lasting partnership with them.”
Find out a lot more about Tower sixty eight. Go through about other corporations that lately joined LPL in the LPL Monetary Information and Media section of LPL.com.
Advisors, come across an LPL enterprise progress representative near you.
About LPL Monetary:
LPL Monetary (Nasdaq: LPLA) was established on the principle that the firm ought to work for the advisor, and not the other way around. These days, LPL is a leader** in the marketplaces we serve, supporting a lot more than 19,000 monetary advisors, 800 institution-dependent financial investment systems and 450 unbiased RIA corporations nationwide. We are steadfast in our motivation to the advisor-centered product and the perception that Individuals ought to have accessibility to aim direction from a monetary advisor. At LPL, independence implies that advisors have the liberty they ought to have to opt for the enterprise product, solutions, and technologies means that enable them to operate their best exercise. And they have the liberty to deal with their customer associations, mainly because they know their purchasers best. Just set, we consider treatment of our advisors, so they can consider treatment of their purchasers.
*Based on prior enterprise and represents belongings that would have been custodied at LPL Monetary, somewhat than third-party custodians. Documented belongings and customer quantities have not been independently and entirely confirmed by LPL Monetary.
**Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Dealer in the U.S (Based on full revenues, Monetary Arranging journal June 1996-2020) No. 1 service provider of third-party brokerage solutions to financial institutions and credit unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021
Securities and advisory solutions available through LPL Monetary LLC, an SEC– registered broker-seller and financial investment advisor. Member FINRA/SIPC.
In the course of this interaction, the phrases “financial advisors” and “advisors” are utilised to refer to registered representatives and/or financial investment advisor representatives affiliated with LPL Monetary LLC. We routinely disclose information and facts that may perhaps be important to shareholders in the “Investor Relations” or “Press Releases” section of our web-site.
Tower sixty eight Monetary Advisors and LPL Monetary are individual entities.
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