CHARLOTTE, N.C., Jan. 06, 2022 (World NEWSWIRE) — LPL Fiscal LLC (Nasdaq: LPLA) announced today that monetary advisor Corey Phillips has joined LPL Financial’s broker-supplier, company registered investment advisor (RIA) and custodial platforms. Phillips documented to LPL that he served about $one hundred fifteen million in advisory, brokerage and retirement assets.* He joined LPL from Park Avenue Securities, aspect of the Guardian Daily life Insurance coverage Firm of The united states.
Primarily based in Pittsfield, Mass., Phillips’ journey to turning into a monetary advisor was a little bit exclusive. After college, he teamed up with his brother and father to individual a tiny retail liquor keep and rental attributes. “My encounter as a keep proprietor related me with men and women from all walks of existence and included a definitely exclusive layer of viewpoint to my perform in monetary advising,” said Phillips, who at some point still left the retail world to launch his new career as a comprehensive-time monetary advisor in 2014. The encounter, he said, gave him a personable and participating technique to his client interactions — he constantly will make an hard work to observe energetic listening, realize his clients’ monetary aim and personalize tactics to their diverse needs.
In exploring for a new wealth administration company, Phillips selected to move to LPL and group up with Alex Kastrinakis, a previous colleague who joined LPL very last yr. They strategy to entirely husband or wife and launch a new manufacturer afterwards this yr.
Phillips said, “LPL as an business-primary husband or wife to monetary advisors and I am eager to put into action impressive tools and methods that LPL has to offer. I believe that my clients will now take pleasure in an effortless and intuitive investing encounter, and I have all the needed abilities to diversify investment alternatives, maximize my clients’ return potential and differentiate my observe. Also, LPL has no proprietary investment products, so I can be a fiduciary and offer tactics and insights that are in my clients’ best pursuits.”
Scott Posner, LPL government vice president, Company Advancement, said, “Our group at LPL extends a warm welcome to Corey, and we are honored to guidance him and Alex in launching their rebranded observe afterwards this yr. We believe that advisors know what is best for their clients, and they need to be empowered with the independence and adaptability to do so. LPL strives to be a fully commited husband or wife to our monetary advisors, providing a huge vary of differentiated solutions and impressive technology experiences. We appear ahead to a long-lasting partnership with Corey and the progress of his organization.”
Advisors, locate an LPL organization improvement agent in the vicinity of you.
About LPL Fiscal
LPL Fiscal (Nasdaq: LPLA) was founded on the principle that the company need to perform for the advisor, and not the other way all over. Nowadays, LPL is a chief** in the markets we serve, supporting a lot more than 19,000 monetary advisors, 800 establishment-centered investment packages and 450 independent RIA companies nationwide. We are steadfast in our motivation to the advisor-centered design and the perception that Us residents ought to have obtain to customized advice from a monetary advisor. At LPL, independence suggests that advisors have the freedom they ought to have to choose the organization design, solutions, and technology methods that let them to operate their great observe. And they have the freedom to manage their client interactions, mainly because they know their clients best. Simply place, we acquire care of our advisors, so they can acquire care of their clients.
**Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report) No. 1 Unbiased Broker-Supplier in the U.S (Primarily based on full revenues, Fiscal Arranging magazine June 1996-2020) No. 1 company of third-get together brokerage solutions to banking institutions and credit score unions (2020-2021 Kehrer Bielan Study & Consulting Annual TPM Report) Fortune 500 as of June 2021
* Value approximated centered on asset and keeping aspects supplied to LPL from the yr 2021
Securities and advisory solutions made available by means of LPL Fiscal LLC, an SEC-registered broker-supplier and investment advisor. Member FINRA/ SIPC
Through this interaction, the conditions “financial advisors” and “advisors” are used to refer to registered associates and/or investment advisor associates affiliated with LPL Fiscal LLC. We routinely disclose facts that may perhaps be essential to shareholders in the “Investor Relations” or “Press Releases” portion of our website.
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