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) currently announced that the workforce at Tower 68 Monetary Advisors, led by founder and CEO Ken South, has released a new unbiased practice through affiliation with LPL Financial’s Strategic Wealth Expert services (SWS) design developed to support the distinctive desires of breakaway advisors. The workforce reported possessing served somewhere around $550 million in advisory, brokerage and retirement approach property*. They join LPL from Oppenheimer.

South, who put in his teen many years as an ocean lifeguard at Tower 68 in Newport Seaside, Calif., started out his occupation in the economic companies marketplace in 1985 ahead of founding his solo practice in 2006. He is now joined at Tower 68 Monetary Advisors by Main Operating Officer Steve Arcos and an seasoned operational support workforce. They consider delight in personally running and handpicking portfolios, which are custom-made to suit every single client’s character and desires. South, who teaches shares and bonds to high school senior economics college students, also implements economic schooling and coaching within the practice to assist purchasers have an understanding of the big photograph of their funds.

In deciding upon a identify for their new practice, South and the workforce acknowledged the parallels concerning lifeguards and economic gurus. He stated, “As a former lifeguard, no one knew that seashore as properly as I did. It was my occupation to safeguard people today and continue to keep them from harm’s way. That is what we do as advisors—we consider care of our purchasers and do what is proper for their economic futures.”

Following substantial exploration and owing diligence, the workforce turned to LPL to assist elevate the client practical experience and consider their practice to the subsequent stage. “LPL gives our purchasers with an amazingly sturdy on the net practical experience. The simplified, intuitive technologies provides purchasers the instruments and methods they want to be in a position to view their total portfolio and very easily add data,” South stated. “My workforce also thinks that LPL’s buying and selling system is next to none. We can take care of trades with total objectivity, allowing for us to set our clients’ most effective pursuits at the forefront of every little thing we do.”

Dedicated support from LPL Strategic Wealth Expert services
“We’re also thrilled about the depth of devoted support presented by the SWS design,” South stated. “We’ve constructed terrific interactions with LPL’s SWS personnel, who we consider an extended aspect of our workforce, and they supply strategic coaching and skills in parts that are not my main competencies.”

In addition to possessing entry to LPL’s built-in wealth management system and complex methods needed to run a thriving practice, SWS groups also acquire an more layer of ongoing, personalized support for day by day operations and long-phrase company management. From the very commencing, SWS bridges the transition to independence by providing devoted launch support, which include true estate build-out, manufacturer development, technologies set up and HR companies. Following the transition, the worth of the SWS design shifts to the ongoing strategic, administrative, advertising and marketing and CFO support that allows advisors to continue to be concentrated on the enduring desires of their purchasers, society and evolution of their practice.

“I just cannot strain sufficient the pleasure derived from improving our practice and developing differentiated ordeals for our purchasers. Their happiness and economic wellbeing are what is most important,” South stated.

Scott Posner, LPL govt vice president, Business enterprise Development, stated, “It is our honor to have Ken and the seasoned workforce at Tower 68 join the LPL community. We congratulate them on their new unbiased practice and are committed to supporting them as they embark on this new and fascinating journey. At LPL, we continuously try to innovate our technologies and options to assist our advisors differentiate their practice and enhance their clients’ lives. Our SWS system and company methods empower advisors to increase their company and elevate client practical experience. In addition, our advisors will have our entire, personalized support each individual phase of the way. We prolong a heat welcome to the Tower 68 workforce and search forward to a long-lasting partnership with them.”

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

Advisors, find an LPL company development representative near you.

About LPL Monetary:
LPL Monetary (Nasdaq: LPLA) was launched on the principle that the organization really should do the job for the advisor, and not the other way about. Nowadays, LPL is a chief** in the markets we provide, supporting additional than 19,000 economic advisors, 800 establishment-dependent financial investment packages and 450 unbiased RIA companies nationwide. We are steadfast in our commitment to the advisor-centered design and the belief that Us citizens are entitled to entry to aim advice from a economic advisor. At LPL, independence signifies that advisors have the liberty they are entitled to to opt for the company design, companies, and technologies methods that permit them to run their perfect practice. And they have the liberty to take care of their client interactions, due to the fact they know their purchasers most effective. Simply just set, we consider care of our advisors, so they can consider care of their purchasers.

*Dependent on prior company and represents property that would have been custodied at LPL Monetary, alternatively than third-social gathering custodians. Reported property and client quantities have not been independently and entirely confirmed by LPL Monetary.

**Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Impartial Broker-Supplier in the U.S (Dependent on complete revenues, Monetary Setting up magazine June 1996-2020) No. 1 supplier of third-social gathering brokerage companies to banking companies and credit score unions (2020-2021 Kehrer Bielan Investigate & Consulting Yearly TPM Report) Fortune five hundred as of June 2021

Securities and advisory companies supplied through LPL Monetary LLC, an SEC– registered broker-seller and financial investment advisor. Member FINRA/SIPC. 

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

Tower 68 Monetary Advisors and LPL Monetary are independent entities.

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Source: LPL Monetary Holdings, Inc.