CHARLOTTE, N.C., Aug. 12, 2021 (Globe NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) today introduced that the group at Tower 68 Financial Advisors, led by founder and CEO Ken South, has introduced a new unbiased practice as a result of affiliation with LPL Financial’s Strategic Wealth Services (SWS) design developed to help the distinctive requirements of breakaway advisors. The group noted obtaining served about $550 million in advisory, brokerage and retirement approach assets*. They be a part of LPL from Oppenheimer.
South, who invested his teen many years as an ocean lifeguard at Tower 68 in Newport Beach, Calif., started off his vocation in the money providers industry in 1985 in advance of founding his solo practice in 2006. He is now joined at Tower 68 Financial Advisors by Chief Operating Officer Steve Arcos and an expert operational help group. They just take pride in individually managing and handpicking portfolios, which are tailored to suit just about every client’s personality and requirements. South, who teaches shares and bonds to substantial faculty senior economics pupils, also implements money schooling and coaching inside of the practice to support shoppers understand the massive image of their finances.
In deciding on a name for their new practice, South and the group acknowledged the parallels between lifeguards and money industry experts. He said, “As a previous lifeguard, no a person realized that seashore as properly as I did. It was my career to shield men and women and keep them from harm’s way. That’s what we do as advisors—we just take care of our shoppers and do what’s appropriate for their money futures.”
After considerable investigate and owing diligence, the group turned to LPL to support elevate the customer practical experience and just take their practice to the subsequent degree. “LPL presents our shoppers with an incredibly robust on the internet practical experience. The simplified, intuitive technologies presents shoppers the tools and means they need to have to be able to see their entire portfolio and quickly add information,” South said. “My group also thinks that LPL’s trading system is 2nd to none. We can handle trades with finish objectivity, allowing for us to set our clients’ greatest passions at the forefront of almost everything we do.”
Committed help from LPL Strategic Wealth Services
“We’re also thrilled about the depth of focused help delivered by the SWS design,” South said. “We’ve designed excellent relationships with LPL’s SWS employees, who we consider an extended portion of our group, and they present strategic coaching and knowledge in regions that are not my core competencies.”
In addition to obtaining entry to LPL’s built-in prosperity administration system and innovative means necessary to operate a thriving practice, SWS teams also obtain an additional layer of ongoing, personalized help for daily operations and extended-time period business enterprise administration. From the quite starting, SWS bridges the changeover to independence by offering focused launch help, which include true estate make-out, model enhancement, technologies set up and HR providers. After the changeover, the benefit of the SWS design shifts to the ongoing strategic, administrative, marketing and advertising and CFO help that allows advisors to continue to be centered on the enduring requirements of their shoppers, lifestyle and evolution of their practice.
“I can not pressure sufficient the pleasure derived from improving our practice and generating differentiated activities for our shoppers. Their happiness and money wellbeing are what is most vital,” South said.
Scott Posner, LPL executive vice president, Enterprise Progress, said, “It is our honor to have Ken and the expert group at Tower 68 be a part of the LPL group. We congratulate them on their new unbiased practice and are fully commited to supporting them as they embark on this new and enjoyable journey. At LPL, we regularly attempt to innovate our technologies and methods to support our advisors differentiate their practice and boost their clients’ lives. Our SWS system and business enterprise means empower advisors to improve their business enterprise and elevate customer practical experience. In addition, our advisors will have our whole, personalized help each step of the way. We lengthen a warm welcome to the Tower 68 group and appear forward to a extended-long lasting partnership with them.”
Discover extra about Tower 68. Read through about other firms that just lately joined LPL in the LPL Financial News and Media portion of LPL.com.
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About LPL Financial:
LPL Financial (Nasdaq: LPLA) was founded on the principle that the business really should perform for the advisor, and not the other way around. Currently, LPL is a leader** in the marketplaces we provide, supporting extra than 19,000 money advisors, 800 institution-primarily based expenditure courses and 450 unbiased RIA firms nationwide. We are steadfast in our dedication to the advisor-centered design and the belief that People in america deserve entry to goal advice from a money advisor. At LPL, independence indicates that advisors have the freedom they deserve to pick out the business enterprise design, providers, and technologies means that allow for them to operate their excellent practice. And they have the freedom to handle their customer relationships, for the reason that they know their shoppers greatest. Just set, we just take care of our advisors, so they can just take care of their shoppers.
*Primarily based on prior business enterprise and signifies assets that would have been custodied at LPL Financial, relatively than 3rd-social gathering custodians. Noted assets and customer numbers have not been independently and absolutely verified by LPL Financial.
**Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. one Independent Broker-Vendor in the U.S (Primarily based on complete revenues, Financial Scheduling magazine June 1996-2020) No. one service provider of 3rd-social gathering brokerage providers to banking institutions and credit score unions (2020-2021 Kehrer Bielan Exploration & Consulting Yearly TPM Report) Fortune five hundred as of June 2021
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In the course of this conversation, the terms “financial advisors” and “advisors” are utilised to refer to registered associates and/or expenditure advisor associates affiliated with LPL Financial LLC. We routinely disclose information that might be vital to shareholders in the “Investor Relations” or “Press Releases” portion of our internet site.
Tower 68 Financial Advisors and LPL Financial are independent entities.
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Media Speak to:Lauren Hoyt-Williams
Supply: LPL Financial Holdings, Inc.