LPL Financial’s employee advisor channel Linsco is opening a new office in Santa Barbara, California, after attracting a $200 million AUM advisor from Stifel.
Financial advisor Tyler B. Powell has more than 15 years of industry experience and built his practice through networking and referrals, leading him to search for a new wealth management firm to drive the next phase of his business journey.
Powell is the anchor tenant in the new Linsco office and will be joined by client services associate Lorena Huerta-Parra to launch Powell Wealth Management of LPL Financial.
“We have an investment philosophy created exclusively for high-net-worth clients with complex needs,” said Powell, who primarily serves business owners, executives, and multigenerational wealth families. “We individually customize strategies covering each aspect of their financial needs, with a bespoke approach, delivered by a select group of top-notch specialists. Our comprehensive and holistic wealth management services include sophisticated asset management strategies, advanced estate planning, trust services, tax planning, lending, financial planning, insurance and more.”
Across its various channels, LPL Financial has attracted a significant number of advisors in recent months and Powell’s addition takes the reported AUM of those announced in October alone to almost $3 billion.
That includes a $1 billion team in Atlanta who switched from Fifth Third Private Bank and a $900 million team from RBC Wealth Management who are launching their new business in York, Pennsylvania.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
