June 21, 2024


The business lovers

LPL Financial, JFC Advisor Network Welcome Sandstone Wealth Management

CHARLOTTE, N.C., Sept. sixteen, 2021 (Globe NEWSWIRE) — LPL Monetary LLC (Nasdaq:LPLA) today declared that Sandstone Prosperity Management, the financial commitment application found at Heartland Lender, has joined LPL’s Establishment Solutions system, aligned with JFC Advisor Community (JFC), a significant enterprise that supports LPL-affiliated advisors. Sandstone Prosperity Management’s financial industry experts claimed previously possessing served approximately $three hundred million in brokerage, advisory and retirement approach belongings*. They ended up previously affiliated with Raymond James and Royal Alliance, component of the Advisor Group network.

Heartland Lender is a family-owned neighborhood institution courting again to 1899, now serving clients in thirteen destinations across central Nebraska. With the shift to LPL, the financial commitment application has been rebranded to Sandstone Prosperity Management, paying out homage to the distinctive rock formations uncovered through the point out. Tyler Daly, a 2020 Forbes Top rated Upcoming-Gen Prosperity Advisor, manages the financial commitment centre and is joined by fellow advisor Mike Theis and two assistants.

On the lookout to streamline their enterprise, reduce yearly fees for clients and create differentiated encounters, the Sandstone Prosperity Management crew chose to join LPL and JFC for the up coming chapter of the enterprise. “We’ve uncovered that LPL has a definitely sturdy on the web retirement setting up portal and other improved engineering offerings that will enable us streamline our enterprise to concentrate additional on clients and make their financial commitment encounters even far better,” Daly mentioned.

The reality that JFC Advisor Community is found in nearby Lincoln, Neb., was another huge draw. “To have a nearby team in this article in our corner is a huge advantage. We can produce personalized interactions with the JFC crew and expand our network,” Daly mentioned.

Jack Connealy, founder of JFC Advisor Community, said, “JFC is exited to welcome Tyler, Mike and the Sandstone application to our family of advisors found at an institution. They are a course act crew that we are fortunate to be able to assistance. As a Nebraska-dependent group, performing with advisors found at nearby banks constantly will take JFC again to our roots. We seem ahead to a extended-lasting and successful romance with Sandstone Prosperity Management.”

Ken Hullings, LPL senior vice president and head of enterprise recruiting, mentioned, “We prolong a warm welcome to Tyler and Mike and congratulate JFC for expanding its network. We realize the distinctive desires and possibilities for our institutional clients and are fully commited to supporting them with a primary prosperity administration system, ground breaking engineering, strategic consultative assistance and focused support expertise that can enable them differentiate their enterprise and carry additional benefit to their clients and institution. We seem ahead to supporting the entire Sandstone Prosperity Management crew for years to arrive.”

Advisors, find an LPL enterprise improvement representative near you.

About LPL Monetary
LPL Monetary (Nasdaq: LPLA) was founded on the basic principle that the company should really work for the advisor, and not the other way about. Nowadays, LPL is a leader** in the marketplaces we provide, supporting additional than 19,000 financial advisors, 800 institution-dependent financial commitment packages and 450 independent RIA corporations nationwide. We are steadfast in our motivation to the advisor-centered model and the belief that Americans should have obtain to aim advice from a financial advisor. At LPL, independence suggests that advisors have the liberty they should have to decide on the enterprise model, services, and engineering sources that let them to operate their ideal observe. And they have the liberty to regulate their customer interactions, for the reason that they know their clients very best. Simply put, we consider care of our advisors, so they can consider care of their clients.

** Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Independent Broker-Seller in the U.S (Primarily based on overall revenues, Monetary Preparing magazine 1996-2021) No. 1 company of third-social gathering brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Analysis & Consulting Yearly TPM Report) Fortune five hundred as of June 2021

*Primarily based on prior enterprise and represents belongings that would have been custodied at LPL Monetary, instead than third-social gathering custodians. Noted belongings and customer quantities have not been independently and totally confirmed by LPL Monetary.

Securities and advisory services are available by means of LPL Monetary (LPL), a registered financial commitment advisor and broker-vendor (member FINRA/SIPC). Insurance plan products and solutions are available by means of LPL or its licensed affiliate marketers. Heartland Lender and Sandstone Prosperity Management are not registered as a broker-vendor or financial commitment advisor. Registered representatives of LPL supply products and solutions and services employing Sandstone Prosperity Management, and could also be workers of Heartland Lender. These products and solutions and services are currently being available by means of LPL or its affiliate marketers, which are independent entities from, and not affiliate marketers of Heartland Lender, JFC Advisor Community or Sandstone Prosperity Management. Securities and insurance plan available by means of LPL or its affiliate marketers are:

  • Not Insured by FDIC or Any Other Federal government Company
  • Not Lender Assured
  • Not Lender Deposits or Obligations
  • May possibly Eliminate Benefit

During this interaction, the phrases “financial advisors” and “advisors” are utilised to refer to registered representatives and/or financial commitment advisor representatives affiliated with LPL Monetary LLC. We routinely disclose info that could be important to shareholders in the “Investor Relations” or “Press Releases” portion of our site.

The Forbes Upcoming-Gen Wealth Advisors rankings, designed by SHOOK Analysis, is dependent on an algorithm of qualitative criterion, mostly gained by means of telephone and in-particular person owing diligence interviews, and quantitative details. Those people advisors that are considered are below forty, have a minimal of 4 years’ expertise, and the algorithm weighs factors like profits tendencies, belongings below administration, compliance records, sector expertise and those that encompass the highest expectations of very best techniques. Portfolio effectiveness is not a criterion owing to varying customer goals and absence of audited details

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