CHARLOTTE, N.C., Jan. 06, 2022 (World NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) introduced right now that economic advisor Corey Phillips has joined LPL Financial’s broker-dealer, corporate registered expense advisor (RIA) and custodial platforms. Phillips noted to LPL that he served approximately $one hundred fifteen million in advisory, brokerage and retirement belongings.* He joined LPL from Park Avenue Securities, element of the Guardian Everyday living Insurance policies Company of America.
Based in Pittsfield, Mass., Phillips’ journey to turning out to be a economic advisor was a bit distinctive. Following school, he teamed up with his brother and father to very own a small retail liquor shop and rental attributes. “My practical experience as a shop operator related me with people from all walks of daily life and additional a really distinctive layer of standpoint to my perform in economic advising,” stated Phillips, who ultimately left the retail environment to launch his new career as a total-time economic advisor in 2014. The practical experience, he stated, gave him a personable and participating technique to his shopper relationships — he normally makes an energy to practice energetic listening, understand his clients’ economic objective and personalize tactics to their diverse wants.
In seeking for a new prosperity administration organization, Phillips chose to transfer to LPL and group up with Alex Kastrinakis, a previous colleague who joined LPL very last yr. They prepare to entirely spouse and launch a new manufacturer later this yr.
Phillips said, “LPL as an marketplace-major spouse to economic advisors and I am keen to apply ground breaking instruments and assets that LPL has to supply. I think my customers will now get pleasure from an easy and intuitive investing practical experience, and I have all the required capabilities to diversify expense choices, increase my clients’ return probable and differentiate my practice. Additionally, LPL has no proprietary expense products, so I can be a fiduciary and supply tactics and insights that are in my clients’ ideal pursuits.”
Scott Posner, LPL govt vice president, Small business Advancement, said, “Our group at LPL extends a warm welcome to Corey, and we are honored to support him and Alex in launching their rebranded practice later this yr. We think advisors know what is ideal for their customers, and they should really be empowered with the independence and flexibility to do so. LPL strives to be a dedicated spouse to our economic advisors, featuring a wide selection of differentiated companies and ground breaking know-how activities. We glimpse ahead to a prolonged-long lasting partnership with Corey and the expansion of his organization.”
Advisors, uncover an LPL organization advancement representative in close proximity to you.
About LPL Financial
LPL Financial (Nasdaq: LPLA) was started on the principle that the organization should really perform for the advisor, and not the other way about. These days, LPL is a leader** in the marketplaces we serve, supporting much more than 19,000 economic advisors, 800 institution-primarily based expense applications and 450 impartial RIA firms nationwide. We are steadfast in our motivation to the advisor-centered design and the perception that Individuals deserve accessibility to individualized assistance from a economic advisor. At LPL, independence signifies that advisors have the flexibility they deserve to pick the organization design, companies, and know-how assets that enable them to run their fantastic practice. And they have the flexibility to control their shopper relationships, due to the fact they know their customers ideal. Just put, we consider care of our advisors, so they can consider care of their customers.
**Major RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. 1 Independent Broker-Vendor in the U.S (Based on total revenues, Financial Setting up magazine June 1996-2020) No. 1 company of 3rd-party brokerage companies to banking companies and credit score unions (2020-2021 Kehrer Bielan Investigate & Consulting Once-a-year TPM Report) Fortune five hundred as of June 2021
* Benefit approximated primarily based on asset and keeping facts supplied to LPL from the yr 2021
Securities and advisory companies made available as a result of LPL Financial LLC, an SEC-registered broker-dealer and expense advisor. Member FINRA/ SIPC
All over this conversation, the conditions “financial advisors” and “advisors” are used to refer to registered associates and/or expense advisor associates affiliated with LPL Financial LLC. We routinely disclose data that could be important to shareholders in the “Investor Relations” or “Press Releases” section of our internet site.
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