A duo of millennial advisors have made the decision to switch firms and hope to encourage other younger advisors to follow them.
LPL Financial has welcomed Nexus Wealth Partners, led by managing partners Scott D. Nelson, CFP, MBA and Kamie Abraham, CFP, MBA, who have left Osaic where they managed $410 million. Aged 41 and 32 respectively, they are relatively young, although they have 18 and 10 years of industry experience, respectively.
Their age is relevant because of their clear ambitions to grow a team of next-gen industry professionals.
“We wanted to partner with a firm that we could stay with for decades and grow,” Nelson said. “We will continue to build out our team, bringing in junior advisors to help educate, mentor and collaborate with. There’s a shortage of advisors and a huge need for qualified financial planning. We believe through LPL and our experience we can fill that gap and grow while maintaining a high level of service to our clients.”
Nelson and Abraham join the firm’s broker-dealer, RIA and custodial platforms in Westlake Village, California, along with four support staff. They spent eight months researching which firm would be a good fit for their practice.
“Our decision to join LPL was a strategic one, driven by our quest for a partner that could equip us with the robust technology, vast resources and integrated capabilities to streamline the client experience and elevate our service offering,” Abraham said. “We appreciate the ease of doing business with LPL, both for our team and clients. LPL's integrated platform ensures clients have a streamlined view of their financial landscape, with a single sign-on where they can find everything within one portal.”
The two managing partners have distinct areas of specialism with Nelson leading Nexus Wealth’s entertainment practice and boasts several award-winning actors, writers, sound engineers and Hollywood executives among his clients. Abraham specializes in helping women in life transitions, families and retirees develop and implement personalized strategies as they work toward their financial goals with confidence.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands
The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”
But the Amazon executive chair seems to want it both ways, arguing that taxing the ultra-wealthy won't help struggling Americans.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
