LPL welcomes $250M team from UBS in Austin, Texas

LPL welcomes $250M team from UBS in Austin, Texas
New indie wealth firm is named for a local landmark.
OCT 31, 2023

A team managing approximately $250 million in assets has chosen LPL Financial to power its evolution into a more autonomous independent wealth management firm.

Financial advisors Michael J. Pumo and David A. DiRe have joined the firm’s broker-dealer, RIA and custodial platforms, having previously been with UBS.

The duo are launching 360 Wealth Advisors, which is a nod to a local landmark in their Austin, Texas location, the Pennypacker Bridge, which is known as the 360 Bridge for its award-winning unique design. But it also encompasses the driving principles of their advisory business.

“With wealth comes great opportunity, as well as increasing complexity of choice – especially with respect to who you entrust to share your financial and personal aspirations,” said DiRe. “Michael and I believe in taking a holistic approach to wealth management. We take the time to get to know our clients, their goals and even their fiscal legacy aspirations so we can work with them to create a comprehensive plan for their financial future.”

Pumo explained why the pair chose to switch to LPL for the next phase of their future.

“We spent a lot of time doing our due diligence before making this move and the key selling point for us was that LPL makes it easy for us to run our business our way,” said Pumo. “We are confident that by using LPL’s streamlined and integrated technology solutions and robust tools we will be able to provide a best-in-class experience for our clients.”

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.