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.”
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.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
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
