A team of three financial advisors are going independent with LPL Financial’s broker-dealer, RIA and custodial platforms.
The trio who managed approximately $250 million in client assets at Northwestern Mutual have founded their own indie practice called Happier Wealth, located in Pleasant Grove, Utah, and bringing together their more than 70 years of industry experience.
Will Beck, CFP, Mike Macfarlane, CASL, CLU, ChFC, Tyler Vongsawad, CLU, ChFC, CASL, CFP, MSFS, and Sam Rosen, CFP, want to build a collaborative environment with their new practice, offering comprehensive financial planning services, including investment management, tax planning, retirement planning and estate planning.
“Our strategic partnership with LPL Financial is underpinned by a shared commitment to prioritizing the client," Beck said. “We value the autonomy and control over our business and appreciate that LPL does not offer proprietary investment products. Additionally, LPL's comprehensive technology platform reduces administrative burdens and helps us focus on taking care of clients. The ability to open an account in less than 10 minutes is a game-changer for us. We have so many ideas for how we can expand and grow, and we look forward to taking our practice to the next level.”
LPL Financial has added several advisor teams in recent weeks including the addition of two firms to its network, expanding its advisory presence with new advisors in California and Colorado, and added thousands of advisors to its platform through a major integration with Prudential.
“We welcome Will, Mike, Tyler, Sam and the entire Happier Wealth team to LPL, where we’ll continue to invest in new capabilities and solutions designed to help advisors grow their businesses, personalize their practices and deliver differentiated service experiences to their clients,” said Scott Posner, LPL Executive Vice President, Business Development. “We look forward to supporting Happier Wealth as they evolve their business and make a positive impact on the lives of their clients.”
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
