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Tower 68 Financial Advisors Launches With Support of LPL Strategic Wealth Services

CHARLOTTE, N.C., Aug. 12, 2021 (World NEWSWIRE) — LPL Monetary LLC (Nasdaq:LPLA) right now announced that the workforce at Tower 68 Monetary Advisors, led by founder and CEO Ken South, has introduced a new unbiased practice by way of affiliation with LPL Financial’s Strategic Prosperity Solutions (SWS) model created to assistance the unique requires of breakaway advisors. The workforce noted acquiring served close to $550 million in advisory, brokerage and retirement plan belongings*. They be a part of LPL from Oppenheimer.

South, who spent his teen many years as an ocean lifeguard at Tower 68 in Newport Seashore, Calif., started out his career in the monetary solutions marketplace in 1985 ahead of founding his solo practice in 2006. He is now joined at Tower 68 Monetary Advisors by Main Running Officer Steve Arcos and an expert operational assistance workforce. They just take delight in individually handling and handpicking portfolios, which are custom-made to fit every client’s persona and requires. South, who teaches shares and bonds to superior faculty senior economics learners, also implements monetary education and coaching in just the practice to support clientele have an understanding of the massive image of their funds.

In picking a title for their new practice, South and the workforce regarded the parallels involving lifeguards and monetary industry experts. He said, “As a previous lifeguard, no a single knew that beach as properly as I did. It was my job to defend persons and hold them from harm’s way. That is what we do as advisors—we just take care of our clientele and do what’s correct for their monetary futures.”

Just after considerable analysis and due diligence, the workforce turned to LPL to support elevate the client knowledge and just take their practice to the next amount. “LPL gives our clientele with an incredibly strong online knowledge. The simplified, intuitive engineering gives clientele the applications and methods they need to be able to look at their total portfolio and quickly upload facts,” South said. “My workforce also thinks that LPL’s investing platform is second to none. We can handle trades with finish objectivity, allowing us to place our clients’ most effective passions at the forefront of all the things we do.”

Dedicated assistance from LPL Strategic Prosperity Solutions
“We’re also psyched about the depth of dedicated assistance offered by the SWS model,” South said. “We’ve constructed fantastic interactions with LPL’s SWS employees, who we contemplate an prolonged component of our workforce, and they supply strategic coaching and abilities in places that are not my core competencies.”

In addition to acquiring access to LPL’s built-in wealth administration platform and subtle methods essential to operate a thriving practice, SWS teams also obtain an added layer of ongoing, personalised assistance for day-to-day functions and long-phrase small business administration. From the really commencing, SWS bridges the changeover to independence by giving dedicated start assistance, such as real estate create-out, brand development, engineering setup and HR solutions. Just after the changeover, the price of the SWS model shifts to the ongoing strategic, administrative, promoting and CFO assistance that enables advisors to keep concentrated on the enduring requires of their clientele, culture and evolution of their practice.

“I can not tension sufficient the joy derived from improving our practice and building differentiated experiences for our clientele. Their joy and monetary wellbeing are what is most significant,” South said.

Scott Posner, LPL executive vice president, Company Advancement, said, “It is our honor to have Ken and the expert workforce at Tower 68 be a part of the LPL local community. We congratulate them on their new unbiased practice and are dedicated to supporting them as they embark on this new and interesting journey. At LPL, we regularly strive to innovate our engineering and remedies to support our advisors differentiate their practice and boost their clients’ life. Our SWS platform and small business methods empower advisors to develop their small business and elevate client knowledge. In addition, our advisors will have our entire, personalised assistance each and every action of the way. We lengthen a heat welcome to the Tower 68 workforce and glance ahead to a long-long lasting partnership with them.”

Understand more about Tower 68. Read through about other companies that not long ago joined LPL in the LPL Monetary News and Media part of LPL.com.

Advisors, uncover an LPL small business development representative near you.

About LPL Monetary:
LPL Monetary (Nasdaq: LPLA) was founded on the principle that the firm need to do the job for the advisor, and not the other way around. Currently, LPL is a chief** in the marketplaces we provide, supporting more than 19,000 monetary advisors, 800 establishment-dependent expense plans and 450 unbiased RIA companies nationwide. We are steadfast in our dedication to the advisor-centered model and the perception that Us citizens are entitled to access to goal guidance from a monetary advisor. At LPL, independence signifies that advisors have the independence they are entitled to to decide on the small business model, solutions, and engineering methods that enable them to operate their great practice. And they have the independence to handle their client interactions, simply because they know their clientele most effective. Simply just place, we just take care of our advisors, so they can just take care of their clientele.

*Based on prior small business and signifies belongings that would have been custodied at LPL Monetary, relatively than third-celebration custodians. Reported belongings and client quantities have not been independently and absolutely verified by LPL Monetary.

**Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Dealer in the U.S (Based on full revenues, Monetary Planning journal June 1996-2020) No. 1 service provider of third-celebration brokerage solutions to banks and credit score unions (2020-2021 Kehrer Bielan Investigate & Consulting Yearly TPM Report) Fortune five hundred as of June 2021

Securities and advisory solutions offered by way of LPL Monetary LLC, an SEC– registered broker-supplier and expense advisor. Member FINRA/SIPC. 

During this conversation, the phrases “financial advisors” and “advisors” are employed to refer to registered representatives and/or expense advisor representatives affiliated with LPL Monetary LLC. We routinely disclose facts that may be significant to shareholders in the “Investor Relations” or “Press Releases” part of our site.

Tower 68 Monetary Advisors and LPL Monetary are separate entities.

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Media Make contact with:Lauren Hoyt-Williams(980) 321-1232
[email protected]

 


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Resource: LPL Monetary Holdings, Inc.