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

Joseph B. Hash

CHARLOTTE, N.C., Aug. twelve, 2021 (Globe NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) nowadays introduced that the team at Tower 68 Financial Advisors, led by founder and CEO Ken South, has released a new impartial practice by way of affiliation with LPL Financial’s Strategic Wealth Solutions (SWS) model designed to assistance the unique requirements of breakaway advisors. The team described acquiring served roughly $550 million in advisory, brokerage and retirement strategy belongings*. They sign up for LPL from Oppenheimer.

South, who spent his teen many years as an ocean lifeguard at Tower 68 in Newport Beach front, Calif., began his occupation in the monetary providers industry in 1985 just before founding his solo practice in 2006. He is now joined at Tower 68 Financial Advisors by Chief Running Officer Steve Arcos and an expert operational assistance team. They acquire pleasure in individually taking care of and handpicking portfolios, which are customized to match every client’s temperament and requirements. South, who teaches stocks and bonds to higher faculty senior economics learners, also implements monetary schooling and coaching within just the practice to enable clients have an understanding of the significant photo of their finances.

In choosing a title for their new practice, South and the team recognized the parallels concerning lifeguards and monetary specialists. He said, “As a previous lifeguard, no one knew that beach as properly as I did. It was my occupation to protect persons and hold them from harm’s way. That’s what we do as advisors—we acquire care of our clients and do what’s appropriate for their monetary futures.”

Soon after substantial study and thanks diligence, the team turned to LPL to enable elevate the consumer practical experience and acquire their practice to the upcoming level. “LPL supplies our clients with an exceptionally sturdy online practical experience. The simplified, intuitive know-how offers clients the instruments and resources they want to be able to look at their total portfolio and quickly upload information and facts,” South said. “My team also believes that LPL’s trading platform is second to none. We can control trades with entire objectivity, allowing for us to place our clients’ ideal interests at the forefront of anything we do.”

Fully commited assistance from LPL Strategic Wealth Solutions
“We’re also enthusiastic about the depth of devoted assistance supplied by the SWS model,” South said. “We’ve built excellent relationships with LPL’s SWS staff, who we take into account an extended part of our team, and they deliver strategic coaching and expertise in locations that are not my core competencies.”

In addition to acquiring access to LPL’s integrated wealth administration platform and refined resources required to operate a flourishing practice, SWS groups also acquire an more layer of ongoing, individualized assistance for day by day functions and very long-time period small business administration. From the pretty beginning, SWS bridges the changeover to independence by furnishing devoted start assistance, which include true estate create-out, brand name advancement, know-how setup and HR providers. Soon after the changeover, the value of the SWS model shifts to the ongoing strategic, administrative, advertising and CFO assistance that makes it possible for advisors to continue to be centered on the enduring requirements of their clients, culture and evolution of their practice.

“I simply cannot strain plenty of the joy derived from improving our practice and producing differentiated activities for our clients. Their contentment and monetary wellbeing are what is most crucial,” South said.

Scott Posner, LPL executive vice president, Enterprise Development, said, “It is our honor to have Ken and the expert team at Tower 68 sign up for the LPL neighborhood. We congratulate them on their new impartial practice and are dedicated to supporting them as they embark on this new and exciting journey. At LPL, we continuously strive to innovate our know-how and solutions to enable our advisors differentiate their practice and enrich their clients’ lives. Our SWS platform and small business resources empower advisors to expand their small business and elevate consumer practical experience. In addition, our advisors will have our entire, individualized assistance every move of the way. We extend a heat welcome to the Tower 68 team and seem forward to a very long-lasting partnership with them.”

Discover more about Tower 68. Browse about other companies that lately joined LPL in the LPL Financial News and Media segment of LPL.com.

Advisors, find an LPL small business advancement representative near you.

About LPL Financial:
LPL Financial (Nasdaq: LPLA) was founded on the theory that the organization really should perform for the advisor, and not the other way around. Now, LPL is a leader** in the markets we provide, supporting more than 19,000 monetary advisors, 800 institution-based investment packages and 450 impartial RIA companies nationwide. We are steadfast in our dedication to the advisor-centered model and the belief that People in america have earned access to goal direction from a monetary advisor. At LPL, independence means that advisors have the independence they have earned to pick out the small business model, providers, and know-how resources that permit them to operate their ideal practice. And they have the independence to control their consumer relationships, mainly because they know their clients ideal. Basically place, we acquire care of our advisors, so they can acquire care of their clients.

*Dependent on prior small business and represents belongings that would have been custodied at LPL Financial, relatively than third-celebration custodians. Described belongings and consumer quantities have not been independently and completely confirmed by LPL Financial.

**Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Impartial Broker-Dealer in the U.S (Dependent on total revenues, Financial Scheduling magazine June 1996-2020) No. 1 service provider of third-celebration brokerage providers to banks and credit history unions (2020-2021 Kehrer Bielan Investigation & Consulting Once-a-year TPM Report) Fortune five hundred as of June 2021

Securities and advisory providers offered by way of LPL Financial LLC, an SEC– registered broker-supplier and investment advisor. Member FINRA/SIPC. 

All over this communication, the conditions “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information and facts that may perhaps be crucial to shareholders in the “Investor Relations” or “Press Releases” segment of our site.

Tower 68 Financial Advisors and LPL Financial are separate entities.

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Media Get in touch with:Lauren Hoyt-Williams(980) 321-1232
[email protected]

 


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