LPL has broadened its profile in the Northeast with the addition of a father-son advisor duo in Michigan.
The broker-dealer behemoth announced Thursday that it has expanded its network with the addition of Guardian Partners Wealth Management to its broker-dealer, RIA, and custodial platforms.
The firm, led by financial advisors Mitchell "Mitch" McCann and his son Wesley "Wes" McCann, previously managed approximately $240 million across advisory, brokerage, and retirement plan assets at Ameriprise.
Guardian Partners Wealth Management, situated in the Detroit suburb of Bloomfield Hills, Michigan, was founded by the McCanns as they transitioned to LPL Financial. The firm's inception reflects their commitment to safeguard client finances and assist in achieving stable financial futures, particularly throughout retirement.
Mitch McCann, who brings over three decades of experience in financial services, emphasized the personalized approach of their practice.
"Our firm is a bit different in the sense that all our clients are nearing or in retirement, and our focus is on helping them make the most of their money – whatever their goals might be," the veteran advisor said in a statement.
He highlighted the importance of understanding clients' retirement goals and financial planning knowledge, which is central to their strategy.
The choice to partner with LPL was influenced by the team's desire for greater autonomy and the ability to enhance client experiences.
Mitch McCann noted the benefits of this new partnership: "Partnering with LPL means freedom, and that’s exactly what we were looking for. With LPL, we will be able to offer the solutions and products that make the most sense for our clients, allowing us to provide a next-level experience."
He expects LPL's resources, including admin solutions and marketing solutions, will provide valuable support for their fledgling practice as they seek to further expand and customize their services.
The news in Michigan comes straight after LPL welcomed another advisor duo in Iowa who most recently reported managing a book of around $200 million at Cambridge.
Catch-up contributions, required minimum distributions, and 529 plans are just some of the areas the Biden-ratified legislation touches.
Following a similar move by Robinhood, the online investing platform said it will also offer 24/5 trading initially with a menu of 100 US-listed stocks and ETFs.
The private equity giant will support the advisor tech marketing firm in boosting its AI capabilities and scaling its enterprise relationships.
The privately backed RIA's newest partner firm brings $850 million in assets while giving it a new foothold in the Salt Lake City region.
The latest preliminary data show $117 billion in second-quarter sales, but hints of a slowdown are emerging.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
