LPL has extended its profile in the West Coast as it welcomes two industry veterans from Cetera.
The broker-dealer giant announced Monday that financial advisors Lance Dumas and Darryl Carter have joined its broker-dealer, registered investment advisor, and custodial platforms. Previously with Cetera, the pair reported managing around $225 million in advisory, brokerage, and retirement plan assets.
Based in Orange County, California, Dumas and Carter established Cornerstone Financial Advisers in 2017, focusing on comprehensive financial planning for families, individuals, and business owners.
Dumas brings 25 years of experience in financial services, having held leadership roles at several national financial institutions. Meanwhile, Carter has spent nearly 30 years in tax and wealth management, including 24 years in the investment industry. He sold his tax practice last year to concentrate solely on investment clients.
They are supported by office manager Nicole Thornton.
“Our investment philosophy incorporates the potential tax implications on a portfolio, and we take a goals-based approach to building customized plans and strategies,” Carter said in a statement, emphasizing their collaborative approach to financial planning
Dumas affirmed the team’s dedication to maintaining their independence and commitment to fiduciary standards.
“Our focus remains squarely on serving our clients' best interests, and that includes providing them with access to the latest tools and innovative technology for seamless interaction and informed decision-making,” he said.
Last week, LPL extended its reach in Texas as it onboarded an advisor formerly with Lincoln. Prior to that, it welcomed another advisor in California who launched his own independent practice after reportedly managing $280 million at JPMorgan.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
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