LPL has extended its reach in the Midwest by onboarding two advisors in Iowa.
The firm announced Wednesday that it has welcomed advisors Timothy Heisterkamp and Max Neese at Journey Financial into its broker-dealer, RIA, and custodial platforms.
The duo, previously affiliated with Cambridge, manages around $200 million in assets encompassing advisory, brokerage, and retirement plans.
Operating out of Jefferson, Iowa, Heisterkamp transitioned into financial advising in 1998 following a stint as an economics teacher. Heisterkamp's influence extended into Neese's career choice during a guest lecture at his high school, sparking Neese’s interest in financial planning.
"I was captivated by the concept of the time value of money and how investing may help your wealth potentially grow over time," Neese said in a statement.
Neese, having shadowed Heisterkamp during college, joined the firm two years ago, marking a step in the practice's succession planning. Alongside Registered Assistant Kim Bendickson, the team emphasizes a client-centric approach, offering services from education planning to estate planning. They aim to guide clients, both individuals and business owners, through pivotal financial decisions across their lifespans.
Neese and Heisterkamp’s transition to LPL was motivated by the potential for increased efficiency and enhanced service capabilities noted during a visit to LPL's headquarters.
"We'll be able to work faster and more efficiently since everything is integrated into one system, including account opening paperwork," said Heisterkamp, a veteran boasting a 26-year record with Finra.
Neese highlighted the dynamic nature of their client interactions, emphasizing their commitment to exceptional service.
"Our client base is highly active, and our office is a hub of constant activity," he explained. "We are committed to proactively caring for our clients, working toward providing unparalleled service and personalized experience that you wouldn’t find anywhere else.” LPL’s move in Iowa comes shortly after the broker-dealer giant onboarded Strategic Wealth Partners, an $860 million practice, from Lincoln Financial.
The experienced advisory teams join Ameriprise and Janney as the race for experienced talent continues.
Additional investment and partnership will see joint development of wealth management, brokerage and digital asset platforms.
Rising drug and outpatient costs are pushing plan members to demand more financial guidance and most insurers are falling short.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
