Adviser Duo Joins LPL Financial, Strengthening 1818 Wealth Management
In a recent move, financial advisors Stephen Shevlin and Jonathan Joelner have joined LPL Financial LLC to launch their independent practice, 1818 Wealth Management. With an impressive track record of approximately $300 million in advisory, brokerage, and retirement plan assets, the duo brings a wealth of experience to their new venture.
Shevlin and Joelner made the switch from Stifel, Nicolaus and Co. demonstrating their confidence in LPL’s broker-dealer, RIA, and custodial platforms. The addition of their expertise to LPL further solidifies the company’s position in the financial industry.
This development follows LPL Financial LLC’s welcoming of Highland Partners Financial Services, led by Managing Partner G. Mark Hamby. The Highland Partners team, with over $400 million in assets under management, also transitioned to LPL’s comprehensive platforms from Momentum Independent Network, a subsidiary of Hilltop Holdings. Furthermore, LPL Financial LLC gained FSI Wealth Management, whose advisors had been serving approximately $215 million in assets and moved from Securities America, now part of Osaic.
These strategic moves are beneficial for both LPL Financial LLC and the advisors involved. The influx of experienced professionals with substantive asset portfolios further reinforces LPL’s reputation as a go-to platform for financial advisors looking to enhance their practices. The company’s commitment to providing comprehensive support and opportunities for growth is evident through their successful recruitment efforts.
By expanding its talent pool and cultivating relationships with successful financial advisors, LPL Financial LLC can increase its market share and continue to position itself as a leader in the industry. The additions of 1818 Wealth Management, Highland Partners Financial Services, and FSI Wealth Management strengthen LPL’s capacity to cater to a wide range of clients and provide effective wealth management solutions.
In conclusion, LPL Financial LLC’s recent acquisitions reflect its dedication to fostering relationships with top-notch advisors. The integrations of 1818 Wealth Management, Highland Partners Financial Services, and FSI Wealth Management are significant milestones that will undoubtedly propel the company’s growth and success.
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