CHARLOTTE, N.C., Aug. twelve, 2021 (Globe NEWSWIRE) — LPL Monetary LLC (Nasdaq:LPLA) now introduced that the group at Tower 68 Monetary Advisors, led by founder and CEO Ken South, has launched a new independent observe by means of affiliation with LPL Financial’s Strategic Prosperity Expert services (SWS) product intended to guidance the distinctive requirements of breakaway advisors. The group documented having served about $550 million in advisory, brokerage and retirement program assets*. They join LPL from Oppenheimer.
South, who invested his teenager several years as an ocean lifeguard at Tower 68 in Newport Seaside, Calif., commenced his occupation in the economic services industry in 1985 prior to founding his solo observe in 2006. He is now joined at Tower 68 Monetary Advisors by Chief Operating Officer Steve Arcos and an experienced operational guidance group. They choose pleasure in personally running and handpicking portfolios, which are custom-made to match just about every client’s persona and requirements. South, who teaches shares and bonds to high university senior economics students, also implements economic training and coaching within just the observe to assist purchasers fully grasp the major photo of their finances.
In selecting a identify for their new observe, South and the group identified the parallels concerning lifeguards and economic experts. He said, “As a previous lifeguard, no one particular knew that seaside as well as I did. It was my career to guard people and preserve them from harm’s way. That is what we do as advisors—we choose care of our purchasers and do what is appropriate for their economic futures.”
Right after significant analysis and because of diligence, the group turned to LPL to assist elevate the consumer encounter and choose their observe to the subsequent degree. “LPL provides our purchasers with an extremely strong on the web encounter. The simplified, intuitive technological innovation gives purchasers the tools and resources they want to be able to look at their whole portfolio and very easily add details,” South said. “My group also thinks that LPL’s investing system is 2nd to none. We can control trades with comprehensive objectivity, letting us to set our clients’ very best pursuits at the forefront of all the things we do.”
Fully commited guidance from LPL Strategic Prosperity Expert services
“We’re also psyched about the depth of focused guidance presented by the SWS product,” South said. “We’ve created great associations with LPL’s SWS personnel, who we contemplate an extended part of our group, and they supply strategic coaching and experience in parts that are not my main competencies.”
In addition to having entry to LPL’s built-in wealth management system and complex resources required to run a thriving observe, SWS teams also receive an extra layer of ongoing, personalized guidance for everyday operations and long-time period organization management. From the pretty commencing, SWS bridges the changeover to independence by furnishing focused start guidance, such as actual estate create-out, brand name development, technological innovation set up and HR services. Right after the changeover, the benefit of the SWS product shifts to the ongoing strategic, administrative, marketing and advertising and CFO guidance that makes it possible for advisors to stay focused on the enduring requirements of their purchasers, society and evolution of their observe.
“I cannot strain more than enough the pleasure derived from enhancing our observe and making differentiated encounters for our purchasers. Their joy and economic wellbeing are what is most critical,” South said.
Scott Posner, LPL govt vice president, Small business Development, said, “It is our honor to have Ken and the experienced group at Tower 68 join the LPL local community. We congratulate them on their new independent observe and are fully commited to supporting them as they embark on this new and thrilling journey. At LPL, we frequently strive to innovate our technological innovation and answers to assist our advisors differentiate their observe and enhance their clients’ life. Our SWS system and organization resources empower advisors to grow their organization and elevate consumer encounter. In addition, our advisors will have our total, personalized guidance each stage of the way. We prolong a warm welcome to the Tower 68 group and glimpse ahead to a long-lasting partnership with them.”
Discover more about Tower 68. Browse about other firms that lately joined LPL in the LPL Monetary Information and Media portion of LPL.com.
Advisors, obtain an LPL organization development representative near you.
About LPL Monetary:
LPL Monetary (Nasdaq: LPLA) was launched on the principle that the agency should really get the job done for the advisor, and not the other way close to. Currently, LPL is a leader** in the marketplaces we provide, supporting more than 19,000 economic advisors, 800 establishment-dependent investment applications and 450 independent RIA firms nationwide. We are steadfast in our dedication to the advisor-centered product and the perception that Us citizens deserve entry to aim steerage from a economic advisor. At LPL, independence signifies that advisors have the flexibility they deserve to pick the organization product, services, and technological innovation resources that allow them to run their ideal observe. And they have the flexibility to control their consumer associations, for the reason that they know their purchasers very best. Only set, we choose care of our advisors, so they can choose care of their purchasers.
*Based mostly on prior organization and signifies assets that would have been custodied at LPL Monetary, somewhat than third-social gathering custodians. Claimed assets and consumer figures have not been independently and thoroughly verified by LPL Monetary.
**Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Independent Broker-Seller in the U.S (Based mostly on full revenues, Monetary Scheduling magazine June 1996-2020) No. 1 supplier of third-social gathering brokerage services to banking companies and credit rating unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report) Fortune five hundred as of June 2021
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All over this communication, the terms “financial advisors” and “advisors” are applied to refer to registered associates and/or investment advisor associates affiliated with LPL Monetary LLC. We routinely disclose details that could be critical to shareholders in the “Investor Relations” or “Press Releases” portion of our web page.
Tower 68 Monetary Advisors and LPL Monetary are different entities.
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Resource: LPL Monetary Holdings, Inc.