LPL Financial’s ‘Rising Star’ Award and Mentoring Program Aim to Increase the Number of Women Financial Advisors in the Profession

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LPL Financial recognizes 20 top achieving women with awards at Achieve, the firm’s women’s leadership forum. Currently, only 18% of financial advisors in the U.S. are women. LPL is committed to increasing the number of women advisors and empowering them for long-term growth. The Rising Star Program honors and develops the next generation of successful women advisors. The award winners were honored at the firm’s annual women’s leadership forum, Achieve, held in October 2023.

LPL recognizes 20 top achieving women with awards to attend Achieve, the firm’s women’s leadership forum

SAN DIEGO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Currently women make up more than half of the population, yet, according to Cerulli, less than a quarter (18 percent) of financial advisors in the U.S. are women, highlighting the challenge and opportunity to attract more women to a growing profession.¹

LPL Financial’s commitment to increase the number of women advisors within the industry and empower them for long-term growth began in 2018 with the start of the Women on the Rise Advisor scholarship, initially awarded to 10 women advisors to attend the firm’s Women Advisor Leaders Forum (WALF).

Fast forward to 2023, LPL currently has a six-month long women’s mentorship program that continues to evolve, recognize and develop the next generation of successful women advisors within LPL and in financial services through its Rising Star Program. Twenty Rising Star participants received awards this year and were honored at Achieve, the firm’s annual women’s leadership forum, held Oct 16-18, 2023 in San Francisco. Achieve is LPL’s invitation-only women’s leadership conference that builds and empowers top women advisors by creating a powerful community to enhance their overall business and help them to succeed.

2023 Rising Star Award Winners:

• Andrea Beegle
  Compass Wealth Strategies
• Sabrina Chilson
  CFS Group
• Brandy Ebron
  Broadway Wealth Management
• Stacey Fargo
  Oak Partners, Inc.
• Mary Beth Hines
  MidWestOne Investment Services
• Chassity Hood
  MaxWealth Management at LMCU
• Chelsea Hussey
  Planned Financial Services
• Whitney Massey
  The Reserve Investments
• Rebecca Mirza
  Benchmark Wealth Management
• Amanda Myers
  1st Source Bank
• Brooke Palmer
  WP Wealth Management
• Isabelle Roethe
  Desert Wealth Management
• Claire Shinholser
  High Bluff Private Wealth
• Haruka Shoji
  Central Pacific Investment Services
• Nadia Shokohi
  Shokohi Wealth Management Group
• Ruth Simmons
  REM Wealth Management
• Michelle Smith
  JD Bowen Financial Group
• Renee Springstead
  Fross and Fross Wealth Management
• Lisa Yang
  Symbio Financial Partners
• Nikki Young
  Northwest Financial Advisors

Lisa Yang is a Certified Financial Planner™ and Rising Star award recipient who started her career in an administrative role at Symbio Financial Partners in La Jolla, Calif. nine years ago. She attended LPL’s Achieve conference to connect and learn from a select group of high-performing female advisors. Yang says, “My advice to any woman considering a career in the financial service profession is to embrace your unique perspectives and differences as your competitive edge. This is an industry of relationships and your role is to understand your clients’ emotions, fears and dreams. Being a financial advisor is a rewarding path which provides you the opportunity to make a positive change in people’s day to day lives and help them reach financial freedom.”

Rising Star award recipient Whitney Massey’s first job in financial services was helping her grandfather run the day-to-day operations of his financial advisory firm. A decade later, she’s made the transition from operations professional to a career as a wealth advisor and is currently a designated C(k)P® plan advisor, specializing in retirement plan advice at The Reserve Investments in Newport Beach, Calif. “It’s an honor to be recognized as a Rising Star, but more importantly attending Achieve has provided me with more confidence and empowerment as I’ve met and learned from women leaders who have paved the way for me and my peers,” said Whitney Massey, Wealth Advisor, AIF®, CPFA, C(k)P®.

Award recipients exemplify a steadfast commitment to serving clients and growing a thriving business, while pursuing a vision to advance in their financial advising career. To be eligible for the Rising Star Program, nominees must have three to 10 years of experience in the industry, be affiliated with LPL for at least one year and be nominated by a manager or designated member of their firm.

“Attending Achieve provides a unique opportunity for award winners to network and engage with a dynamic mix of industry leaders. By bringing emerging women leaders together with leading women trailblazers, we can help break down the perceived barriers for success in an industry dominated by men,” said Angela Xavier, LPL executive vice president, client success. “We want women to know there is a community of support available to them to connect with mentors, hear how other women have built successful businesses while balancing professional roles and caregiving and ultimately forge a fulfilling career path that plays to their unique strengths as nurturers, decision-makers, communicators and empathetic listeners.”

Rising Star Award nominations were submitted by program and branch managers in June of this year through an online application process including a written copy of the nominee’s three to five year vision for their financial advisor career. Award winners were notified in early August to have the opportunity to register for Achieve 2023.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and enterprises, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 22,000 financial advisors, including advisors at approximately 1,100 enterprises and at approximately 560 registered investment advisor (RIA) firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and enterprise leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships because they know their clients best. Simply put, we take care of our advisors and enterprises so they can take care of their clients.

¹ The Cerulli Report – U.S. Advisor Metrics 2022

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Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

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FAQ

What is the purpose of LPL Financial's Achieve conference?

The purpose of LPL Financial's Achieve conference is to build and empower top women advisors by creating a powerful community to enhance their overall business and help them succeed.

What is the Rising Star Program?

The Rising Star Program is a six-month long women's mentorship program by LPL Financial that recognizes and develops the next generation of successful women advisors.

How many women received awards at Achieve 2023?

Twenty women received awards at Achieve 2023.

What is the percentage of women financial advisors in the U.S.?

Only 18% of financial advisors in the U.S. are women.

How were the Rising Star Award winners selected?

The Rising Star Award winners were nominated by a manager or designated member of their firm and had to have three to 10 years of experience in the industry and be affiliated with LPL for at least one year.