Former school teacher joins LPL Financial's employee advisor channel

Former school teacher joins LPL Financial's employee advisor channel
Brendan Wood has managed approximately $130M in assets, most recently with Merrill Lynch.
AUG 10, 2023

Changing careers has paid off for a former Connecticut independent school teacher who is taking a new direction in financial services by joining LPL Financial’s employee advisor channel Linsco.

Brendan Wood began his second career in 2007 and having served approximately $130 million in advisory, brokerage and retirement plan assets, most recently with Merrill Lynch.

He has launched Wood Wealth Management of LPL Financial, working mostly with small business owners, professionals, families, and institutions, and says that the Linsco model reminds him of working in independent schools.

“We had smaller classes, more autonomy and I was able to shape my own curriculum,” Wood said. “Moving to LPL is evocative of teaching in a boutique school. In public high school, you have to teach to certain tests. In independent schools, you have more freedom and flexibility.  Similarly at LPL, I can put my client’s best interest first.”

INSPIRED BY BENJAMIN GRAHAM

Wood says that he is inspired in his advisory business by Benjamin Graham, regarded as the "father of value investing," who taught Warren Buffett among others.

“His ‘margin of safety’ concept is deeply rooted in my planning and investing processes,” Wood said, referring to Graham’s principle of only investing in securities when their market price is well below their intrinsic value.

Latest News

JPMorgan tells fintech firms to start paying for customer data
JPMorgan tells fintech firms to start paying for customer data

The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.

FINRA snapshot shows concentration in largest firms, coastal states
FINRA snapshot shows concentration in largest firms, coastal states

The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.

Why advisors to divorcing couples shouldn't bet on who'll stay
Why advisors to divorcing couples shouldn't bet on who'll stay

Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.

SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives
SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives

With more than $13 billion in assets, American Portfolios Advisors closed last October.

William Blair taps former Raymond James executive to lead investment management business
William Blair taps former Raymond James executive to lead investment management business

Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.