LPL Financial said Tuesday that Matthew Holbrook, a California advisor who had overseen about $385 million in client assets at UnionBanc Investment Services, has affiliated with its employee advisor channel, Linsco by LPL Financial.
Holbrook is launching Coastline Wealth Advisory of LPL Financial in Irvine, California.
According to his BrokerCheck report, Holbrook has 20 years of experience and had been affiliated with UnionBanc since 2004.
Holbrook said he spent more than a year researching firms in a search for more flexibility and autonomy.
“By joining LPL Financial, I am working with a firm that puts the advisor first and offers the support, technology and investment solutions necessary to run a premier practice,” he said in a statement. “As a Linsco advisor, I have a more liberated way of doing business and I can provide my clients with unbiased advice in their best interests. I also have more flexibility to tailor my offerings to their individual needs and offer a wider range of investment options.”
A substantial number of people in a new 2,200-person survey believe their wealth, their "wallet power" and their retirement timelines are at stake.
The S&P 500 headed toward its 45th record in the year helped in part by a surprise interest income gain at the Wall Street giant.
Meanwhile, Wells Fargo’s WIM group reported close to $2.3 trillion at the end of last month.
The Securities and Exchange Commission has focused on "black-and-white" allegations of AI washing, but that could broaden out to a gray area that may loop in more financial services companies, a lawyer says.
More than nine in 10 HNWIs prioritize charitable giving, but demographics help shape the whys and the hows.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
Morningstar’s Joe Agostinelli highlights strategies for advisors to deepen client engagement and drive success
