LPL Financial adds $515M team from PNC

LPL Financial adds $515M team from PNC
Indiana-based Endeavor Wealth Strategies wants to add resources to meet its high-net-worth clients’ needs.
FEB 29, 2024

LPL Financial has added a Fort Wayne, Indiana-based team that was managing $515 million in client assets at PNC Private Bank Trust. Endeavor Wealth Strategies, which is led by Seth Marshall, will use LPL’s broker-dealer, RIA and custodial platforms, and it will align with another LPL firm, Exemplar Financial Network.

Marshall, who served in the Marine Corp from 1995 to 2004, has 20 years of experience in the financial services industry, starting at Edward Jones in 2004 and including a previous stint at LPL, from 2009 to 2014.

Endeavor Wealth Strategies focuses on providing solutions for high-net-worth and ultra-high-net worth clients. When Marshall decided that he needed more resources to meet his clients needs, he started a search that led to his decision to return to LPL to provide more white-glove service to his wealthy families.

“LPL has evolved significantly over the last few years into an advisor-centric culture that provides ultimate flexibility and choice in how we grow our business,” Marshall said in a statement. “With LPL’s innovative capabilities and strategic resources, coupled with localized support from Exemplar, we are excited to deliver for our clients in Northern Indiana using a full complement of professional services for all their wealth management and planning needs. We are fully committed to elevating our service offering and giving clients the one-on-one attention and detail they deserve.”

“On behalf of the entire team at Exemplar Financial Network, we are thrilled to welcome Seth to the organization,” said Dave Hubbard, founder of Exemplar. “We feel his experience in leading teams, developing strategy and helping clients achieve their life’s goals will be an asset as we head into 2024.”

Other recruiting wins for LPL in February included a $1 billion team from Merrill Lynch that launched an independent practice, Continuity Private Wealth, in Doylestown, Pennsylvania, and a $150 million team from Wells Fargo, CoastPoint Financial, in Victoria, Texas.

Smart steps for bringing a child into a financial advisory practice

Latest News

Clean, green, sustainable becoming dirty words for S&P 500 firms
Clean, green, sustainable becoming dirty words for S&P 500 firms

Climate and ESG talk are off the agenda in earnings calls.

Advisors seek transparency on DIY investing as Robinhood faces investigation
Advisors seek transparency on DIY investing as Robinhood faces investigation

'I feel like they have created an addictive gaming culture, which is not healthy for investing.'

Retirement plan balances are flourishing. Why are so many advisors missing out on a $3 trillion opportunity?
Retirement plan balances are flourishing. Why are so many advisors missing out on a $3 trillion opportunity?

Participants who receive professional 401(k) advice see higher returns on average, net, than those who don't.

Should RIAs brace for a pullback in deal valuations?
Should RIAs brace for a pullback in deal valuations?

Eric Leeper of FP Transitions offers fresh perspective on M&A deals, why buyers are getting more discerning, and how would-be sellers can boost their practice value.

Is your wealth manager still 'buying the dip'?
Is your wealth manager still 'buying the dip'?

'Buying the dip' has been a winning investing strategy for over a decade. Financial advisors weigh in on whether it will continue to work.

SPONSORED Retirement plan balances are flourishing. Why are so many advisors missing out on a $3 trillion opportunity?

Participants who receive professional 401(k) advice see higher returns on average, net, than those who don't.

SPONSORED Focus on clients, not compliance – why Gary Corderman found his fit with Farther

This wealth management platform finally delivers on the technology promises other firms couldn't - giving advisors a better way to scale and serve