CHARLOTTE, N.C., Aug. 12, 2021 (World NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA) currently declared that the staff at Tower sixty eight Money Advisors, led by founder and CEO Ken South, has launched a new impartial apply by affiliation with LPL Financial’s Strategic Prosperity Providers (SWS) product intended to aid the exclusive wants of breakaway advisors. The staff noted getting served close to $550 million in advisory, brokerage and retirement plan property*. They be part of LPL from Oppenheimer.
South, who expended his teenager yrs as an ocean lifeguard at Tower sixty eight in Newport Beach front, Calif., began his occupation in the economical solutions marketplace in 1985 prior to founding his solo apply in 2006. He is now joined at Tower sixty eight Money Advisors by Chief Operating Officer Steve Arcos and an knowledgeable operational aid staff. They choose pleasure in individually handling and handpicking portfolios, which are tailored to in good shape each client’s temperament and wants. South, who teaches stocks and bonds to superior faculty senior economics learners, also implements economical instruction and coaching within just the apply to support customers fully grasp the huge image of their finances.
In deciding on a name for their new apply, South and the staff recognized the parallels amongst lifeguards and economical industry experts. He explained, “As a former lifeguard, no a person realized that seaside as perfectly as I did. It was my occupation to protect people and preserve them from harm’s way. That is what we do as advisors—we choose treatment of our customers and do what is suitable for their economical futures.”
Following substantial exploration and due diligence, the staff turned to LPL to support elevate the customer experience and choose their apply to the up coming degree. “LPL supplies our customers with an exceptionally sturdy on the net experience. The simplified, intuitive technological innovation provides customers the tools and sources they require to be capable to check out their entire portfolio and very easily add info,” South explained. “My staff also believes that LPL’s investing platform is 2nd to none. We can regulate trades with complete objectivity, allowing us to set our clients’ finest pursuits at the forefront of every little thing we do.”
Committed aid from LPL Strategic Prosperity Providers
“We’re also enthusiastic about the depth of dedicated aid supplied by the SWS product,” South explained. “We’ve designed excellent relationships with LPL’s SWS employees, who we contemplate an extended portion of our staff, and they give strategic coaching and knowledge in places that are not my main competencies.”
In addition to getting accessibility to LPL’s built-in prosperity administration platform and advanced sources essential to run a thriving apply, SWS groups also acquire an further layer of ongoing, customized aid for every day operations and extended-term enterprise administration. From the pretty beginning, SWS bridges the changeover to independence by giving dedicated launch aid, which includes real estate create-out, manufacturer development, technological innovation setup and HR solutions. Following the changeover, the benefit of the SWS product shifts to the ongoing strategic, administrative, promoting and CFO aid that will allow advisors to stay concentrated on the enduring wants of their customers, tradition and evolution of their apply.
“I can not pressure plenty of the joy derived from improving our apply and generating differentiated experiences for our customers. Their joy and economical wellbeing are what is most crucial,” South explained.
Scott Posner, LPL executive vice president, Enterprise Enhancement, explained, “It is our honor to have Ken and the knowledgeable staff at Tower sixty eight be part of the LPL community. We congratulate them on their new impartial apply and are fully commited to supporting them as they embark on this new and thrilling journey. At LPL, we regularly strive to innovate our technological innovation and methods to support our advisors differentiate their apply and enrich their clients’ lives. Our SWS platform and enterprise sources empower advisors to improve their enterprise and elevate customer experience. In addition, our advisors will have our full, customized aid each individual phase of the way. We increase a heat welcome to the Tower sixty eight staff and glance ahead to a extended-long lasting partnership with them.”
Discover far more about Tower sixty eight. Study about other firms that recently joined LPL in the LPL Money Information and Media portion of LPL.com.
Advisors, come across an LPL enterprise development representative near you.
About LPL Money:
LPL Money (Nasdaq: LPLA) was launched on the theory that the company really should work for the advisor, and not the other way all-around. Now, LPL is a chief** in the markets we provide, supporting far more than 19,000 economical advisors, 800 establishment-primarily based financial investment courses and 450 impartial RIA firms nationwide. We are steadfast in our motivation to the advisor-centered product and the perception that People are entitled to accessibility to aim advice from a economical advisor. At LPL, independence usually means that advisors have the freedom they are entitled to to pick out the enterprise product, solutions, and technological innovation sources that allow them to run their perfect apply. And they have the freedom to regulate their customer relationships, for the reason that they know their customers finest. Simply set, we choose treatment of our advisors, so they can choose treatment of their customers.
*Dependent on prior enterprise and signifies property that would have been custodied at LPL Money, alternatively than third-bash custodians. Noted property and customer quantities have not been independently and entirely verified by LPL Money.
**Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Independent Broker-Supplier in the U.S (Dependent on complete revenues, Money Scheduling journal June 1996-2020) No. one provider of third-bash brokerage solutions to banking institutions and credit rating unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report) Fortune 500 as of June 2021
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Throughout this communication, the terms “financial advisors” and “advisors” are applied to refer to registered reps and/or financial investment advisor reps affiliated with LPL Money LLC. We routinely disclose info that may possibly be crucial to shareholders in the “Investor Relations” or “Press Releases” portion of our web page.
Tower sixty eight Money Advisors and LPL Money are individual entities.
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Resource: LPL Money Holdings, Inc.