LPL Financial Welcomes 57th Street Wealth Advisors to Linsco Channel
LPL Financial has announced that financial advisors Ken Hutkin and Ron Winkler have joined their employee advisor channel, Linsco by LPL Financial, to launch 57th Street Wealth Advisors. The team, previously with Wedbush Securities, reported serving approximately $400 million in advisory, brokerage and retirement plan assets. They will operate the first Linsco office in New York City.
Hutkin and Winkler bring over 30 and 40 years of experience respectively, specializing in serving professionals, business owners, and entrepreneurs. Their team includes licensed Client Services Associate Margarita Santiago and wealth associates Nathan Wild and Noah Hutkin.
The move to Linsco allows 57th Street Wealth Advisors greater autonomy while leveraging LPL's integrated wealth management platform and business resources. LPL Financial serves over 23,000 financial advisors and is committed to supporting advisor independence and personalized client guidance.
LPL Financial ha annunciato che i consulenti finanziari Ken Hutkin e Ron Winkler si sono uniti al loro canale di consulenti dipendenti, Linsco by LPL Financial, per lanciare 57th Street Wealth Advisors. Il team, precedentemente in Wedbush Securities, ha riportato di gestire circa $400 milioni in asset di consulenza, intermediazione e piani pensionistici. Opereranno il primo ufficio Linsco a New York City.
Hutkin e Winkler portano rispettivamente oltre 30 e 40 anni di esperienza, specializzandosi nell'assistenza a professionisti, imprenditori e proprietari di attività. Il loro team include l'associato ai servizi per i clienti, Margarita Santiago, e i collaboratori patrimoniali Nathan Wild e Noah Hutkin.
Il passaggio a Linsco consente a 57th Street Wealth Advisors maggiore autonomia, sfruttando al contempo la piattaforma integrata di gestione patrimoniale e le risorse aziendali di LPL. LPL Financial serve oltre 23.000 consulenti finanziari ed è impegnata a supportare l'indipendenza dei consulenti e la guida personalizzata ai clienti.
LPL Financial ha anunciado que los asesores financieros Ken Hutkin y Ron Winkler se han unido a su canal de asesores empleados, Linsco by LPL Financial, para lanzar 57th Street Wealth Advisors. El equipo, anteriormente en Wedbush Securities, informó que atienden aproximadamente $400 millones en activos de asesoría, corretaje y planes de jubilación. Operarán la primera oficina de Linsco en la ciudad de Nueva York.
Hutkin y Winkler aportan más de 30 y 40 años de experiencia respectivamente, especializándose en atender a profesionales, dueños de negocios y emprendedores. Su equipo incluye a la asociada de servicios al cliente Margarita Santiago y a los asociados de patrimonio Nathan Wild y Noah Hutkin.
El movimiento a Linsco permite a 57th Street Wealth Advisors mayor autonomía mientras aprovechan la plataforma integrada de gestión patrimonial y los recursos empresariales de LPL. LPL Financial atiende a más de 23,000 asesores financieros y está comprometida a apoyar la independencia de los asesores y la orientación personalizada a los clientes.
LPL Financial는 재정 상담사 Ken Hutkin과 Ron Winkler가 자사의 고용 상담사 채널인 Linsco by LPL Financial에 합류해 57th Street Wealth Advisors를 출범한다고 발표했습니다. 이 팀은 이전에 Wedbush Securities 소속이었으며, 약 $400백만의 자문, 중개 및 퇴직 계획 자산을 관리하고 있다고 보고했습니다. 그들은 뉴욕시에서 첫 번째 Linsco 사무소를 운영할 예정입니다.
Hutkin과 Winkler는 각각 30년 및 40년 이상의 경험을 보유하고 있으며, 전문가, 사업주 및 기업가를 대상으로 서비스를 전문으로 하고 있습니다. 그들의 팀에는 고객 서비스 어소시에이트인 Margarita Santiago와 자산 어소시에이트인 Nathan Wild 및 Noah Hutkin이 포함되어 있습니다.
Linsco로의 이동은 57th Street Wealth Advisors에게 LPL의 통합 자산 관리 플랫폼과 비즈니스 자원을 활용하면서 더 큰 자율성을 제공합니다. LPL Financial은 23,000명 이상의 재정 상담사에게 서비스를 제공하며, 상담사의 독립성과 개인화된 고객 안내를 지원하는 데 전념하고 있습니다.
LPL Financial a annoncé que les conseillers financiers Ken Hutkin et Ron Winkler ont rejoint leur canal de conseillers salariés, Linsco by LPL Financial, pour lancer 57th Street Wealth Advisors. L'équipe, auparavant chez Wedbush Securities, a rapporté gérer environ 400 millions de dollars en actifs de conseil, de courtage et de plans de retraite. Ils vont opérer le premier bureau Linsco à New York.
Hutkin et Winkler apportent respectivement plus de 30 et 40 années d'expérience, se spécialisant dans le service aux professionnels, propriétaires d'entreprises et entrepreneurs. Leur équipe comprend l'associée aux services à la clientèle Margarita Santiago ainsi que les associés en gestion de patrimoine Nathan Wild et Noah Hutkin.
Le passage à Linsco permet à 57th Street Wealth Advisors une plus grande autonomie tout en tirant parti de la plateforme intégrée de gestion de patrimoine et des ressources commerciales de LPL. LPL Financial sert plus de 23 000 conseillers financiers et s'engage à soutenir l'indépendance des conseillers ainsi que l'orientation personnalisée des clients.
LPL Financial hat bekannt gegeben, dass die Finanzberater Ken Hutkin und Ron Winkler ihrem Angestelltenberater-Kanal Linsco by LPL Financial beigetreten sind, um 57th Street Wealth Advisors zu gründen. Das Team, zuvor bei Wedbush Securities, berichtete, dass es etwa 400 Millionen Dollar an Beratungs-, Brokerage- und Altersvorsorgevermögen verwaltet. Sie werden das erste Linsco-Büro in New York City betreiben.
Hutkin und Winkler bringen jeweils über 30 und 40 Jahre Erfahrung mit und haben sich auf die Betreuung von Fachleuten, Geschäftsinhabern und Unternehmern spezialisiert. Zu ihrem Team gehören die lizensierte Kundenservicemitarbeiterin Margarita Santiago sowie die Vermögensberater Nathan Wild und Noah Hutkin.
Der Wechsel zu Linsco ermöglicht es 57th Street Wealth Advisors, größere Autonomie zu genießen und gleichzeitig die integrierte Vermögensverwaltungsplattform und die Unternehmensressourcen von LPL zu nutzen. LPL Financial bedient mehr als 23.000 Finanzberater und engagiert sich dafür, die Unabhängigkeit der Berater und die personalisierte Kundenberatung zu unterstützen.
- LPL Financial acquired a team managing approximately $400 million in assets
- Expansion of Linsco by LPL Financial into New York City
- Addition of experienced advisors with over 70 years of combined experience
- None.
Insights
The addition of 57th Street Wealth Advisors to LPL Financial's Linsco channel is a positive development, albeit with a moderate impact on LPL's overall business. The team brings approximately
Key points to consider:
- The
$400 million in assets could generate an estimated$3-4 million in annual revenue for LPL, assuming a typical0.75-1% fee structure. - Opening the first Linsco office in New York City provides LPL with a strategic foothold in a major financial hub, potentially attracting more high-net-worth clients and advisors.
- The addition of experienced advisors with diverse backgrounds in business ownership and tax planning enhances LPL's service offerings and could lead to cross-selling opportunities.
While this news is positive for LPL's growth strategy, it's unlikely to have a significant immediate impact on the company's stock price or financial performance given LPL's
SAN DIEGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Ken Hutkin and Ron Winkler have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch 57th Street Wealth Advisors. They reported serving approximately
Hutkin brings more than 30 years of experience as a business owner and entrepreneur to the partnership. He prides himself on understanding the unique challenges faced by professionals and business owners, which gives him the ability to design custom-tailored strategies and financial plans. Winkler has spent nearly 40 years of his career as the founder and managing partner of Winkler & Co. CPAs, a tax and financial planning firm. Like Hutkin, Winkler’s passion for business and entrepreneurship drove his successful small business and ability to find approaches to even the toughest of clients’ financial challenges.
Together, the advisors aim to guide their clients through every step of their financial lives through attentive, personalized service and clear actionable plans. The 57th team also includes licensed Client Services Associate Margarita “Margie” Santiago and wealth associates Nathan Wild and Noah Hutkin.
“What makes our team distinctive and brings us the most pride is our commitment to both the execution of strategies and our service model,” Winkler said. “We are a process-driven, holistic multi-generational financial planning and asset management team, and we strive to offer exceptional service as we deliver tax-sensitive investment strategies and comprehensive wealth management.”
Looking to operate with greater autonomy while also evolving their practice, 57th Street Wealth Advisors turned to Linsco by LPL Financial.
The Linsco employee advisor model serves financial advisors seeking the core tenets of independence, including owning their client relationships and having the flexibility to run their practice on their own terms. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team and other dedicated consultants.
“We are truly setting up our practice for the future — both for our clients and legacy,” Hutkin said. “LPL is a recognized name in the industry with flexibility, scale and continued investment in resources, which can help us grow our team and ensure business continuity in the years to come. We are also excited for clients to have a successful and streamlined experience with LPL. We look forward to all the new opportunities ahead.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Ken, Ron and the entire 57th Street Wealth Advisors team to the LPL community. Through Linsco, advisors are empowered and have greater autonomy and flexibility to grow their practice on their terms. LPL’s integrated wealth management platform, robust business resources and support from our experienced branch management team and dedicated consultants can help them take their successful businesses to the next level. We look forward to supporting the 57th Street Wealth Advisors team as they continue to grow and serve their clients.”
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor 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 institution 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 institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.
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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*Value approximated based on asset and holding details provided to LPL from end of year, 2023.
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