CHARLOTTE, N.C., Aug. 12, 2021 (World NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) nowadays introduced that the crew at Tower 68 Financial Advisors, led by founder and CEO Ken South, has released a new independent observe through affiliation with LPL Financial’s Strategic Wealth Services (SWS) model intended to support the exceptional requires of breakaway advisors. The crew documented possessing served somewhere around $550 million in advisory, brokerage and retirement prepare assets*. They join LPL from Oppenheimer.
South, who spent his teen many years as an ocean lifeguard at Tower 68 in Newport Seashore, Calif., started out his career in the monetary services marketplace in 1985 just before founding his solo observe in 2006. He is now joined at Tower 68 Financial Advisors by Chief Operating Officer Steve Arcos and an seasoned operational support crew. They consider satisfaction in personally taking care of and handpicking portfolios, which are customized to match each and every client’s temperament and requires. South, who teaches shares and bonds to higher school senior economics college students, also implements monetary schooling and coaching inside the observe to support shoppers recognize the huge photo of their finances.
In deciding upon a name for their new observe, South and the crew recognized the parallels between lifeguards and monetary pros. He stated, “As a former lifeguard, no a single realized that seaside as properly as I did. It was my career to defend people and maintain them from harm’s way. That’s what we do as advisors—we consider treatment of our shoppers and do what’s right for their monetary futures.”
Immediately after significant research and due diligence, the crew turned to LPL to support elevate the client working experience and consider their observe to the subsequent level. “LPL supplies our shoppers with an very robust on line working experience. The simplified, intuitive engineering gives shoppers the tools and sources they will need to be ready to perspective their total portfolio and effortlessly add info,” South stated. “My crew also believes that LPL’s buying and selling system is next to none. We can handle trades with finish objectivity, letting us to set our clients’ best pursuits at the forefront of anything we do.”
Committed support from LPL Strategic Wealth Services
“We’re also excited about the depth of committed support furnished by the SWS model,” South stated. “We’ve designed great associations with LPL’s SWS employees, who we contemplate an extended element of our crew, and they present strategic coaching and skills in locations that are not my main competencies.”
In addition to possessing access to LPL’s built-in prosperity management system and subtle sources desired to run a flourishing observe, SWS teams also receive an additional layer of ongoing, personalized support for each day functions and lengthy-time period enterprise management. From the really starting, SWS bridges the changeover to independence by providing committed launch support, which includes real estate develop-out, brand name development, engineering setup and HR services. Immediately after the changeover, the price of the SWS model shifts to the ongoing strategic, administrative, marketing and advertising and CFO support that allows advisors to stay targeted on the enduring requires of their shoppers, culture and evolution of their observe.
“I cannot pressure adequate the pleasure derived from maximizing our observe and generating differentiated experiences for our shoppers. Their contentment and monetary wellbeing are what is most significant,” South stated.
Scott Posner, LPL executive vice president, Enterprise Improvement, stated, “It is our honor to have Ken and the seasoned crew at Tower 68 join the LPL neighborhood. We congratulate them on their new independent observe and are committed to supporting them as they embark on this new and exciting journey. At LPL, we continuously strive to innovate our engineering and answers to support our advisors differentiate their observe and boost their clients’ lives. Our SWS system and enterprise sources empower advisors to grow their enterprise and elevate client working experience. In addition, our advisors will have our full, personalized support every single phase of the way. We extend a warm welcome to the Tower 68 crew and glimpse ahead to a lengthy-long lasting partnership with them.”
Master extra about Tower 68. Examine about other companies that a short while ago joined LPL in the LPL Financial News and Media section of LPL.com.
Advisors, locate an LPL enterprise development representative near you.
About LPL Financial:
LPL Financial (Nasdaq: LPLA) was established on the principle that the business ought to work for the advisor, and not the other way close to. Today, LPL is a chief** in the markets we serve, supporting extra than 19,000 monetary advisors, 800 institution-primarily based expenditure courses and 450 independent RIA companies nationwide. We are steadfast in our commitment to the advisor-centered model and the perception that People should have access to objective direction from a monetary advisor. At LPL, independence implies that advisors have the flexibility they should have to select the enterprise model, services, and engineering sources that allow for them to run their fantastic observe. And they have the flexibility to handle their client associations, due to the fact they know their shoppers best. Simply set, we consider treatment of our advisors, so they can consider treatment of their shoppers.
*Centered on prior enterprise and signifies assets that would have been custodied at LPL Financial, alternatively than third-occasion custodians. Claimed assets and client numbers have not been independently and thoroughly confirmed by LPL Financial.
**Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. one Impartial Broker-Supplier in the U.S (Centered on complete revenues, Financial Preparing magazine June 1996-2020) No. one provider of third-occasion brokerage services to financial institutions and credit history unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021
Securities and advisory services made available through LPL Financial LLC, an SEC– registered broker-dealer and expenditure advisor. Member FINRA/SIPC.
All over this communication, the terms “financial advisors” and “advisors” are utilized to refer to registered associates and/or expenditure advisor associates affiliated with LPL Financial LLC. We routinely disclose info that might be significant to shareholders in the “Investor Relations” or “Press Releases” section of our web page.
Tower 68 Financial Advisors and LPL Financial are independent entities.
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Resource: LPL Financial Holdings, Inc.
