LPL has taken another step in its recruitment efforts for 2025 as a multigenerational advisor duo joins its network in the Pacific Northwest.
LPL Financial announced Wednesday that it has welcomed Bart Lewellyn and Alex Lewellyn, a father-son advisor duo, to its broker-dealer, RIA, and custodial platforms. The pair transitions to LPL from Osaic, where they managed approximately $320 million in advisory, brokerage, and retirement plan assets.
Based in Medford, Oregon, Bart Lewellyn founded Lewellyn Financial Services in 1995 to assist clients in building wealth while aligning with their financial goals. Alex Lewellyn joined the practice in 2012.
With the transition to LPL, the practice has been rebranded to Lewellyn Wealth Management, where the two advisors continue to offer investment services, retirement planning, insurance strategies, and complex financial planning to a diverse client base that includes business owners, lineman engineers, and multigenerational families.
“Our investment approach is methodical and purposeful,” Alex Lewellyn said in a statement. “Our goal is to provide our clients with a comprehensive understanding of the investment options available to them, focusing on those with the greatest potential for success. We prioritize what’s most important to them, which in turn allows clients to spend more time living their life and doing what they enjoy.”
Among the factors they considered in their extensive evaluation process, he said, were "[to have] our name on the door, discretion, independence and the ability to operate in our clients’ best interests.
"We are confident that this transition will enable us to maintain our commitment to the highest level of service for our clients,” Alex Lewellyn said.
Prior to the Lewellyns, LPL managed to attract a fairly steady stream of defectors from Osaic last year, including a seven-advisor contingent in Minnesota; a 30-advisor supergroup from Lincoln Financial's wealth arm, which Osaic integrated in May last year; and a next-generation duo in California.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
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
