Two Texas-based wealth advisors managing about $125 million of consumer brokerage and advisory property can be becoming a member of LPL Monetary from Raymond James Monetary Providers, LPL introduced this morning.
Patrick Foy and Chris Willis have labored collectively for greater than 18 years, specializing in working with retirees and enterprise homeowners to supply wealth administration and funding planning. The 2 advisors are primarily based in Winnie, Texas.
“With the assist of LPL, we could have entry to sources that may streamline the providers we offer and assist get rid of a great deal of paperwork, which can enable us to spend extra time creating deeper relationships with our shoppers,” Willis stated.
Like different current additions to LPL Monetary, Foy and Willis cited the LPL’s platform as a key motive for making the transition to the nation’s largest unbiased dealer/vendor. The agency has undergone a interval of ‘rebounding,’ making vital investments in tech in 2018, together with an integration with Riskalyze and a $28 million acquisition of AdvisoryWorld. LPL has budgeted $135 million for tech enhancements for this yr, and advisors have praised the agency’s know-how development.
The agency has additionally recruited quite a few different advisors up to now month. Final month, Beaumont, Texas-based Salter Monetary Group, whose advisors managed $100 million in property, joined LPL from Cetera Monetary Community. Earlier this month, PacNorth Retirement Group additionally left Raymond James to affix LPL Monetary. PacNorth manages about $1.1 billon of brokerage, advisory and retirement plan property and in addition cited LPL’s tech benefits as a key motive for the change.
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