LPL Financial Welcomes Advisor John Somerville to Linsco Channel
LPL Financial announced that financial advisor John Somerville has joined their employee advisor channel, Linsco by LPL Financial, to launch Somerville Wealth Management. Somerville, who transitions from D.A. Davidson & Co., brings approximately $280 million in advisory, brokerage and retirement plan assets and will operate from a new Linsco office in Santa Barbara, California.
With over 40 years of industry experience, Somerville's practice focuses on serving business owners, professionals, and high-net-worth families through comprehensive financial planning. He chose Linsco by LPL for its innovative technology, enhanced service experiences, and the ability to maintain independence while receiving support from branch management, marketing consultants, and other resources.
LPL Financial Holdings (LPLA) currently supports more than 28,000 financial advisors and 1,200 financial institutions, managing approximately $1.8 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial ha annunciato che il consulente finanziario John Somerville è entrato a far parte del loro canale di consulenti dipendenti, Linsco by LPL Financial, per lanciare Somerville Wealth Management. Somerville, che proviene da D.A. Davidson & Co., porta con sé circa 280 milioni di dollari in asset di consulenza, intermediazione e piani pensionistici e opererà da un nuovo ufficio Linsco a Santa Barbara, California.
Con oltre 40 anni di esperienza nel settore, la pratica di Somerville si concentra sulla cura dei proprietari di imprese, professionisti e famiglie ad alto patrimonio netto attraverso una pianificazione finanziaria completa. Ha scelto Linsco by LPL per la sua tecnologia innovativa, esperienze di servizio migliorate e la possibilità di mantenere l'indipendenza ricevendo supporto dalla gestione della filiale, consulenti di marketing e altre risorse.
LPL Financial Holdings (LPLA) attualmente supporta più di 28.000 consulenti finanziari e 1.200 istituzioni finanziarie, gestendo circa 1,8 trilioni di dollari in asset di intermediazione e consulenza per 6 milioni di americani.
LPL Financial anunció que el asesor financiero John Somerville se ha unido a su canal de asesores empleados, Linsco by LPL Financial, para lanzar Somerville Wealth Management. Somerville, que proviene de D.A. Davidson & Co., trae aproximadamente $280 millones en activos de asesoría, corretaje y planes de jubilación y operará desde una nueva oficina de Linsco en Santa Bárbara, California.
Con más de 40 años de experiencia en la industria, la práctica de Somerville se centra en servir a propietarios de negocios, profesionales y familias de alto patrimonio a través de una planificación financiera integral. Eligió Linsco by LPL por su tecnología innovadora, experiencias de servicio mejoradas y la capacidad de mantener la independencia mientras recibe apoyo de la gestión de la sucursal, consultores de marketing y otros recursos.
LPL Financial Holdings (LPLA) actualmente apoya a más de 28,000 asesores financieros y 1,200 instituciones financieras, gestionando aproximadamente $1.8 billones en activos de corretaje y asesoría para 6 millones de estadounidenses.
LPL Financial는 재정 상담원 John Somerville이 LPL Financial의 직원 상담원 채널 Linsco에 합류하여 Somerville Wealth Management를 시작했다고 발표했습니다. D.A. Davidson & Co.에서 전환한 Somerville은 약 2억 8천만 달러의 자문, 중개 및 퇴직 계획 자산을 가져오며 캘리포니아 산타 바바라에 있는 새로운 Linsco 사무소에서 운영할 것입니다.
40년 이상의 업계 경험을 가진 Somerville의 실천은 포괄적인 재정 계획을 통해 사업주, 전문가 및 고소득 가족에게 서비스를 제공하는 데 중점을 두고 있습니다. 그는 혁신적인 기술, 향상된 서비스 경험, 그리고 지점 관리, 마케팅 컨설턴트 및 기타 자원으로부터 지원을 받으면서 독립성을 유지할 수 있는 Linsco by LPL을 선택했습니다.
LPL Financial Holdings (LPLA)는 현재 28,000명 이상의 재정 상담원과 1,200개의 금융 기관을 지원하며, 600만 명의 미국인을 위해 약 1.8조 달러의 중개 및 자문 자산을 관리하고 있습니다.
LPL Financial a annoncé que le conseiller financier John Somerville a rejoint leur canal de conseillers employés, Linsco by LPL Financial, pour lancer Somerville Wealth Management. Somerville, qui passe de D.A. Davidson & Co., apporte environ 280 millions de dollars en actifs de conseil, de courtage et de plans de retraite et opérera depuis un nouveau bureau Linsco à Santa Barbara, en Californie.
Avec plus de 40 ans d'expérience dans le secteur, la pratique de Somerville se concentre sur le service des propriétaires d'entreprises, des professionnels et des familles aisées grâce à une planification financière globale. Il a choisi Linsco by LPL pour sa technologie innovante, ses expériences de service améliorées et la possibilité de maintenir son indépendance tout en recevant un soutien de la direction de l'agence, des consultants en marketing et d'autres ressources.
LPL Financial Holdings (LPLA) soutient actuellement plus de 28 000 conseillers financiers et 1 200 institutions financières, gérant environ 1,8 trillion de dollars d'actifs de courtage et de conseil pour 6 millions d'Américains.
LPL Financial gab bekannt, dass der Finanzberater John Somerville in ihren Mitarbeiterberaterkanal, Linsco by LPL Financial, eingetreten ist, um Somerville Wealth Management zu gründen. Somerville, der von D.A. Davidson & Co. wechselt, bringt etwa 280 Millionen Dollar in Beratungs-, Brokerage- und Altersvorsorgevermögen mit und wird von einem neuen Linsco-Büro in Santa Barbara, Kalifornien, aus operieren.
Somerville, der über 40 Jahre Branchenerfahrung verfügt, konzentriert seine Praxis darauf, Geschäftsinhabern, Fachleuten und wohlhabenden Familien durch umfassende Finanzplanung zu dienen. Er wählte Linsco by LPL wegen der innovativen Technologie, verbesserten Serviceerfahrungen und der Möglichkeit, die Unabhängigkeit zu wahren, während er Unterstützung von der Zweigleitung, Marketingberatern und anderen Ressourcen erhält.
LPL Financial Holdings (LPLA) unterstützt derzeit mehr als 28.000 Finanzberater und 1.200 Finanzinstitute und verwaltet etwa 1,8 Billionen Dollar an Brokerage- und Beratungsvermögen für 6 Millionen Amerikaner.
- Addition of advisor managing $280 million in assets
- Expansion of Linsco channel with new Santa Barbara office
- Company manages $1.8 trillion in total assets
- None.
Insights
The addition of John Somerville, managing
Breaking down the numbers: Somerville's
The Santa Barbara location is strategically valuable, given the area's concentration of high-net-worth individuals and business owners. This geographic expansion strengthens LPL's presence in a key wealth market while potentially creating opportunities for additional advisor recruitment in the region.
This talent acquisition reflects broader industry trends in the wealth management sector. The movement of experienced advisors with substantial books of business continues to be a key growth driver for major wealth management firms. The
Looking at competitive dynamics, LPL's Linsco model addresses a specific market need by offering a hybrid solution between full independence and traditional employee models. This structure appeals particularly to advisors managing
SAN DIEGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor John Somerville has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Somerville Wealth Management. He reported serving approximately
With more than 40 years of experience in the financial services industry, Somerville has built a relationship-focused business that serves a range of clients, including business owners, professionals and high-net-worth families. He takes a comprehensive approach to financial planning, helping clients to create customized strategies based off their unique needs and aspirations.
“Building relationships has always been my passion, and I make a point to truly listen to clients as they discuss their financial dreams, concerns and goals,” said Somerville, who is supported by registered Client Service Associate Debora McKenzie-Jakushak. “By getting to know clients on a personal level, I’m able to develop personalized plans to maximize their goals and help ensure a meaningful financial legacy.”
Seeking a new wealth management firm, Somerville turned to Linsco by LPL for its innovative technology and enhanced service experiences. Linsco serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practice, their way. 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, dedicated marketing consultant and other resources that allow advisors to focus on their clients.
“I was looking for a firm that would provide my clients with the best opportunities moving forward,” Somerville said. “I’m impressed by LPL’s optionality and structure, along with its industry-leading tools and capabilities that will create better user experiences for my clients, with single sign-on and easy access to their account information. I’m confident that I’ve found a home where I can continue to grow my practice and provide clients with the highest level of service.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We extend a warm welcome to John as he joins LPL and establishes Somerville Wealth Management. Linsco was created to help advisors such as John own and manage a thriving practice, while enjoying comprehensive operational support and the benefits of being an employee of LPL. We look forward to supporting Somerville Wealth Management for years to come.”
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 28,000 financial advisors and the wealth management practices of 1,200 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, 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 mid-year 2024
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