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.
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.”
Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.
The Labor Department's reversal from its 2022 guidance has drawn approval from crypto advocates – but fiduciaries must still mind their obligations.
With $750 million in assets and plans to hire a RIA Growth Lead, Autopilot is moving beyond retail to court advisors with separately managed accounts and integrations with RIA custodians such as Schwab and Fidelity.
Elsewhere on the East Coast, a Boca Raton-headquartered shop has acquired a fellow Florida-based RIA in "a natural evolution for both organizations."
After advising on nearly $700 million in retirement assets, 27-year veteran Greg Mykytyn is bringing his expertise in ESOP and 401(k) plans to the national RIA in Texas.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
