CHARLOTTE, N.C., April 08, 2021 (GLOBE NEWSWIRE) — LPL Financial LLC as we speak introduced that Woods Monetary Group has joined LPL Monetary’s broker-dealer, company registered funding advisor (RIA) and custodial platforms. The agency reported having served roughly $130 million in advisory, brokerage and retirement plan belongings*. They be part of LPL from Concorde Funding Providers.
Based mostly in Fort Value, Texas, Woods Monetary Group was based by Joel Woods in 1986, with fellow monetary skilled Mark Smith becoming a member of the enterprise in 2004. Collectively, they supply complete wealth administration to retired people and multigenerational households, typically taking additional measures to make sure their shoppers have a greater understanding of the monetary ideas behind investing and retirement planning. They’re assisted by three devoted workplace help employees members.
In search of alternatives to reinforce their enterprise continuity plan, the crew turned to LPL. Woods mentioned LPL’s huge community of advisors places his crew in a greater place to develop their enterprise and produce a youthful monetary advisor into the observe to make sure shoppers are taken care of effectively into the long run. “We constructed our whole enterprise on referrals and take nice satisfaction in caring for our shoppers,” Woods mentioned. “My shoppers know I’m of retirement age they usually need to know what’s going to occur going ahead. We’re already working with LPL’s M&A crew to discover a like-minded advisor who can are available in and proceed the work we began many years in the past.”
Woods added, “LPL checks all of the bins, offering entry to merchandise and sources that we weren’t uncovered to earlier than, in addition to progressive expertise that permits shoppers to simply entry their accounts and reviews. All the pieces about this transfer was made with our shoppers greatest pursuits in thoughts.”
Scott Posner, LPL govt vice chairman, Enterprise Improvement, mentioned, “We welcome Joel and Mark to the LPL household and want them nice success within the subsequent chapter of their journey. We’re impressed by their foresight to develop a considerate enterprise continuity plan that’s guided by their dedication to their shoppers. We share that dedication of being a companion for the long term. That’s one of many causes we not too long ago launched LPL’s M&A Solutions, which gives a trusted companion and end-to-end help to information advisors all through the mergers and acquisition course of. Our advisors are our whole focus, and we’re dedicated to creating steady investments in progressive capabilities equivalent to this to assist them shield their legacy and deal with their shoppers effectively into the long run.”
Examine different companies that not too long ago joined LPL within the LPL Financial News and Media section of LPL.com.
Advisors, discover an LPL business development representative close to you.
About LPL Monetary:
LPL Monetary (Nasdaq: LPLA) was based on the precept that the agency ought to work for the advisor, and never the opposite means round. Right this moment, LPL is a pacesetter** within the markets we serve, supporting greater than 17,000 monetary advisors, 800 institution-based funding applications and 450 impartial RIA companies nationwide. We’re steadfast in our dedication to the advisor-centered mannequin and the assumption that People deserve entry to goal steering from a monetary advisor. At LPL, independence implies that advisors have the liberty they deserve to decide on the enterprise mannequin, companies, and expertise sources that permit them to run their excellent observe. And so they have the liberty to handle their consumer relationships, as a result of they know their shoppers greatest. Merely put, we deal with our advisors, to allow them to deal with their shoppers.
** High RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report); No. 1 Unbiased Dealer-Supplier within the U.S (Based mostly on complete revenues, Monetary Planning journal June 1996-2020); No. 1 supplier of third-party brokerage companies to banks and credit score unions (2019-2020 Kehrer Bielan Analysis & Consulting Annual TPM Report)
*Based mostly on prior enterprise and represents belongings that may have been custodied at LPL Monetary, quite than third-party custodians. Reported belongings and consumer numbers haven’t been independently and totally verified by LPL Monetary.
Securities and advisory companies supplied via LPL Monetary LLC, an SEC- registered broker-dealer and funding advisor. Member FINRA/SIPC.
All through this communication, the phrases “monetary advisors” and “advisors” are used to check with registered representatives and/or funding advisor representatives affiliated with LPL Monetary LLC. We routinely disclose data that could be essential to shareholders within the “Investor Relations” or “Press Releases” part of our web site.
Woods Monetary Group and LPL Monetary are separate entities.
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