LPL welcomes $435M duo from Truist

Christopher “Noah” Geoghegan, Caroline Montgomery and Tomohiko “Tom” Minami of MG Partners Private Wealth in North Carolina

The IBD is bolstering its presence in North Carolina with the launch of a new independent high-net-worth practice.

LPL has gained an additional foothold in North Carolina as it helps two advisors get their own stake of the American Dream. The firm announced the launch of MG Partners Private Wealth, a new independent practice led by Christopher “Noah” Geoghegan and Tomohiko “Tom” Minami.

With a long record of servicing high-net-worth clients – collectively, they boast more than 50 years of experience in the field – the financial advisors are embarking on this venture through their affiliation with LPL’s Strategic Wealth Services.

Geoghegan and Minami, who are joining LPL from Truist, now oversee approximately $435 million in advisory, brokerage, and retirement plan assets.

Their Hickory, North Carolina-based firm is poised to deliver a broad array of financial services tailored to affluent individuals, spanning investment management, estate planning, and philanthropic endeavors.

“We treat our clients like family. We want to know about their wishes and goals, their children, their lifestyle and what makes them tick,” Geoghegan said in a statement.

Beyond that high-touch approach, the practice collaborates closely with tax and legal specialists to ensure they implement the right comprehensive financial strategy for clients, he said.

“It’s the American Dream to own your business,” Minami added, highlighting LPL’s role in their becoming “entrepreneurs who understand the journey of building and growing wealth.”

In a strong vote of confidence for LPL’s supported independence platform, he highlighted the firm’s technology and in-house resources as “second to none.”

“It gives us a dynamic team by our side to support our strategy and goals, allowing us to spend more time with clients,” Minami said.

LPL’s expansion in North Carolina is just the latest entry in the firm’s recent busy calendar of onboarding, which includes an advisor catering to a niche of LGBTQ+ clients in Florida and a four-decade industry veteran operating out of Lafayette, Louisiana.