LPL Financial welcomes $650M Morgan Stanley advisor team for new business

LPL Financial welcomes $650M Morgan Stanley advisor team for new business
The trio of advisors have launched their new firm, Pinnacle Private Wealth Advisors, in Bellevue, Washington.
AUG 01, 2023

Three former Morgan Stanley financial advisors have launched their own firm with help from LPL Financial's supported independence model, Strategic Wealth Services.

Matt Tabler, Mark Eberle and Mark Allison’s new firm is Pinnacle Private Wealth Advisors, based in Bellevue, Washington. The trio reported having served approximately $650 million in advisory, brokerage and retirement plan assets.

The remain focused on high-net-worth families, entrepreneurs, executives, and professionals and are joined by four support staff members.

“Our business is driven by personal relationships with our clients. It’s so satisfying to help them with the burden of managing their wealth, taking some of the stress off their plates so they can focus more on living a more fulfilled life,” Eberle said in a statement.

CLIENTS NOT ADMIN

The advisors were attracted to the Strategic Wealth Services model, which enables them to focus on serving clients rather than business management as they have access to LPL’s integrated wealth management platform.

“By having a dedicated team to manage some of the business operations, we can wake up fresh every morning to focus solely on our clients,” Allison said.

Tabler explained the three advisors’ decision to leave Morgan Stanley and start their own firm with LPL.

“We have always worked for the client, not for a firm. This move to independence allows us to put our clients’ needs first, without corporate influence,” he said. “We have the freedom to operate on our own terms, as well as enhanced resources that will help us elevate the client experience.”

Latest News

Advisor moves: LPL welcomes $750M Osaic team, Raymond James recruits Wells Fargo duo in New York
Advisor moves: LPL welcomes $750M Osaic team, Raymond James recruits Wells Fargo duo in New York

Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.

UBS loses arbitration battle in fiduciary fight over foundation funds
UBS loses arbitration battle in fiduciary fight over foundation funds

A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.

RIA moves: NorthRock adds $800M Parkside Advisors, NFP acquires Levine Group in Tennessee
RIA moves: NorthRock adds $800M Parkside Advisors, NFP acquires Levine Group in Tennessee

NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.

Three easy ways to boost your firm’s impact this summer
Three easy ways to boost your firm’s impact this summer

Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.

Hightower taps Osaic alum Scott Hadley as first chief advisory officer, expands C-suite
Hightower taps Osaic alum Scott Hadley as first chief advisory officer, expands C-suite

Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.

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.