A team managing approximately $250 million in assets has chosen LPL Financial to power its evolution into a more autonomous independent wealth management firm.
Financial advisors Michael J. Pumo and David A. DiRe have joined the firm’s broker-dealer, RIA and custodial platforms, having previously been with UBS.
The duo are launching 360 Wealth Advisors, which is a nod to a local landmark in their Austin, Texas location, the Pennypacker Bridge, which is known as the 360 Bridge for its award-winning unique design. But it also encompasses the driving principles of their advisory business.
“With wealth comes great opportunity, as well as increasing complexity of choice – especially with respect to who you entrust to share your financial and personal aspirations,” said DiRe. “Michael and I believe in taking a holistic approach to wealth management. We take the time to get to know our clients, their goals and even their fiscal legacy aspirations so we can work with them to create a comprehensive plan for their financial future.”
Pumo explained why the pair chose to switch to LPL for the next phase of their future.
“We spent a lot of time doing our due diligence before making this move and the key selling point for us was that LPL makes it easy for us to run our business our way,” said Pumo. “We are confident that by using LPL’s streamlined and integrated technology solutions and robust tools we will be able to provide a best-in-class experience for our clients.”
Preparing your clients to withstand the ups and downs of change – both external and internal – could be the key to unlocking their loyalty, trust, and confidence.
After leaving LPL in 2020, it hasn’t gone Cornick’s way at Osaic.
The finance professor and quant investing veteran believes with the right guardrails, artificial intelligence could be trusted to meet the high bar of fiduciary advice.
UBS has also regained some ground as it recruited an experienced Merrill advisor in New York.
The ex-Bay Area broker reportedly continued to peddle fake bond investments, promising rates of returns exceeding 20%, even after FINRA suspended his license in 2014.
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.
