Trio of advisors switch for 'Happier' times at LPL Financial

Trio of advisors switch for 'Happier' times at LPL Financial
Former Northwestern Mutual advisors join firm for independence.
NOV 26, 2024

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.”

Latest News

What DOGE will risk in cutting the SEC
What DOGE will risk in cutting the SEC

Any government agency, including the SEC, could be made more efficient, lawyers said. But getting rid of knowledgeable staff may have long-term consequences.

Women take the lead in most households' financial decisions, CFP Board finds
Women take the lead in most households' financial decisions, CFP Board finds

New research reveals women's influence in family decision-making, their top financial goals, and how concern for other household members helps shape their priorities.

Creative Planning expands in California with Maxwell Wealth Strategies
Creative Planning expands in California with Maxwell Wealth Strategies

The $345 billion RIA giant is extending its footprint in the West Coast as it lands its first deal for 2025.

Client retention is job number one
Client retention is job number one

Advisors leaning heavily toward fee-based services today enjoy a key competitive edge over commission-based practices – and it all hinges on preserving client loyalty.

Fed's Barr sounds off on risks from AI's speed
Fed's Barr sounds off on risks from AI's speed

The top cop at the Federal Reserve speaks out on possible herding behavior, with economic "gains being realized only by a small group."

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.