Vero Wealth Management becomes the 25th team to join Linsco in
CHARLOTTE, North Carolina, Sept. 26, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) today announced that financial advisors Benjamin Link CFP®CRPS, AAMS and Steve Sexton CIMA®PCP®, AWMA, CRPC and LUTCF, have joined LPL’s employee advisor model, Linsco by LPL Financial (“Linsco”). The team said it served approximately $380 million in advisory, brokerage and pension assets*, and joined LPL from Truist Investment Services.
They become the 25e team to join Linsco’s highly attractive platform, which is rapidly expanding its branch footprint across the country. Linsco also serves as a business model for Allen & Company and Boenning and Scattergood which are scheduled to close in the first quarter of 2023. Linsco by LPL serves financial advisors who seek the fundamentals of independence, including ownership of their client relationships and the ability to manage their practice in their own way. . However, business operations such as real estate, health and wellness benefits, compliance and human resources are handled by a highly trained and dedicated Linsco support team, allowing advisors more time to focus on serving their customers.
With the move to LPL, Sexton and Link launched Vero Wealth Management Powered by LPL Financial, becoming Linsco’s second office in Greensboro, North Carolina. They are joined by Senior Registered Client Service Associate staff members, Tracie Lucas and Shirley Sohmer.
The advisers joined forces six years ago, both bringing a wealth of experience in the financial services industry and beyond. Link, who has an analytical background and a love of people, spent 19 years as a financial advisor focused on planning and managing investments and has previous experience in alternative energy. Sexton began his life insurance career 26 years ago before earning his securities and CFP license with the goal of broadening the customer experience and guiding them to long-term financial health.
The team offers fee-based services that provide holistic, process-oriented financial planning and services to a clientele of individuals, families and small business owners, primarily at or near retirement age. of retirement, looking for a “work-optional lifestyle,” Sexton said. “We are planners first. We take the time to get to know the client well, both financially and personally before anything else. Customers appreciate this, as well as our advice.
Why Linsco by LPL?
Seeking to optimize their business with more efficient technology and convenient support, Link and Sexton chose to switch to LPL. The Linsco model stood out for them because it offers the best of both worlds: LPL’s sophisticated wealth management platform and cutting-edge technology capabilities, along with a mix of trusted business strategy services designed to help advisors manage successful practices.
“LPL is focused on supporting advisors and helping them succeed. We appreciate all the vast resources we now have to help us better serve our customers,” Link said. “We will optimize our practice with efficient technology, all synchronized so that they work perfectly together. We look forward to growing the business, offering more services and staying ahead of our customers’ needs. »
Their move to LPL was guided by Bridgemark Strategies, an external recruitment firm who recommended Linsco to the team. “Having known Steve and Ben for over 10 years, I knew they weren’t going to switch brokers without first doing an exhaustive research of different companies,” said Corey Walen, managing director of Bridgemark Strategies. “They needed to ensure that their new BD would be able to provide them with the technology and tools needed to better serve their customers and run their business more efficiently.”
“The Linsco model from LPL was the perfect choice for them,” continued Walen. “They will own their business and their customers and build equity in that business. LPL becomes responsible for many of the constraints of running a business, such as office space and health insurance, allowing them to focus more on customers.
Scott Posner, LPL’s Executive Vice President, Business Development, added, “We are delighted to welcome Steve and Ben as 25e Linsco Community Team. We congratulate them on the launch of Vero Wealth Management and look forward to a long and fruitful relationship with the team. With LPL’s support, more and more advisors are recognizing the importance of freedom as they look for ways to differentiate themselves and conquer their market. Linsco grants Advisors true client ownership and the freedom to manage and grow their relationships – and their business – as they see fit.
Learn more about Linsco
Linsco began 2019 with the closing of its acquisition of Allen & Company of Florida (Allen & Company), a broker-dealer and registered investment adviser (RIA) based in Lakeland, Florida. As a result, approximately $3 billion in client assets were transferred. on the Linsco platform that paved the way for the growing employee financial advisor model.
LPL continues to focus on growing Linsco by recruiting financial advisors and their teams, typically in distribution centers and regions. LPL also emphasizes acquiring companies whose business model matches the needs of what they are trying to accomplish for their advisors. This has proven successful with Allen & Company, and LPL is expected to integrate Boenning and Scattergood in Q1 2023.
Learn more about Vero Wealth Management powered by LPL Financial.
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About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the business should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve,** supporting nearly 21,000 financial advisors, and approximately 1,100 institutional investment programs and 500 independent RIA firms nationwide. We are unwavering in our commitment to the advisor-centric model and the belief that Americans deserve access to personalized advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that allow them to run their practice perfectly. And they have the freedom to manage their relationships with their customers because they know their customers best. Simply put, we take care of our advisors, so they can take care of their clients.
*Approximate value based on details of assets and holdings provided to LPL from year-end 2021.
Best RIA Custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent brokerage in the United States (based on total revenue, Financial Planning magazine 1996-2022); among third-party providers of brokerage services to banks and credit unions, #1 in growth of financial institutions’ assets under management; No. 1 in financial institution AUM market share; #1 in financial institution revenue market share; #1 in Financial Institutions Market Share; No. 1 on the share of advisors. (Kehrer Bielan Research & Consulting TPM 2021-2022 Annual Report). Fortune 500 in June 2021.
LPL and its affiliates provide financial services only from the United States.
Securities and advisory services offered by LPL Financial, a registered investment adviser. FINRA/SIPC member. Bridgemark Strategies and LPL Financial are separate entities.
CRPC conferred by the College of Financial Planning. CRPS conferred by College for Financial Planning.
Throughout this communication, the terms “financial advisers” and “advisors” are used to refer to registered representatives and/or representatives of investment advisers affiliated with LPL Financial LLC.
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