LPL has bolstered its advisory footprint in the Northeast yet again as it welcomes a multigenerational advisor duo from Morgan Stanley.
On Monday, the firm announced the addition of James Zack and Amanda Zack, a father-daughter advisory duo, to its employee advisor division.
The pair, who reportedly served approximately $290 million in advisory, brokerage, and retirement plan assets from Morgan Stanley, have established The Zack Wealth Group as they join LPL’s Linsco unit.
Jim Zack, a seasoned financial advisor based in Washington, D.C., said his nearly 40-year career in the industry – which includes stops at UBS, Wachovia Securities, and Prudential – began with early fascination with the stock market, which he attributes to reading the stock market section of newspapers during his youth.
"We take a service-oriented, client-centered approach to helping people preserve and manage their wealth, build their legacy and pass their wealth to future generations," he said in a statement.
Amanda Zack, who joined her father's practice eight years ago, has observed the growth and development of the business firsthand. The Zacks have built their advisory practice on strong client relationships and a deep commitment to service.
The Zacks’ decision to move to Linsco by LPL was driven by the desire for greater flexibility and the opportunity to operate as true partners.
"Our team is very family-focused, so it’s important that we build a business where we can truly put clients’ best interests first and maintain their portfolios without corporate influence, just like if they were our own family," Jim Zack said.
Linsco offers employee advisors access to LPL's integrated wealth management platform and comprehensive business resources. This includes support from an experienced branch management team, a dedicated marketing consultant, a technology consultant, and a service team.
The most recent breakaways to join LPL via the Linsco route in June include an ex-Ameriprise advisor trio in Michigan and a California-based multigenerational team from Merrill Lynch.
The financial advice industry has been facing inquiries into its cash sweep programs for years now.
Investor money allegedly went to strip clubs, exotic cars, and landscaping
Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm
With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.
Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
