LPL Financial Welcomes Frontline Investment Advisors
LPL Financial (Nasdaq: LPLA) announced that financial advisors Amanda Miller, Devin Richard, and Jonathan Vila of Frontline Investment Advisors have joined LPL's broker-dealer, aligned with GradePoint Financial. The team, which managed approximately $550 million in assets, transitions from VALIC Financial Advisors.
Based in Tampa, Florida, the team specializes in serving frontline workers, particularly school employees, sheriff's office personnel, and medical professionals. With 50 years of combined experience, they focus on the Florida Retirement System, Deferred Retirement Option Program, and healthcare 403(b) plans market.
The move to LPL aims to provide broader investment strategies, improved processing efficiency, enhanced technology, and better client experience. LPL currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in assets for 6 million clients.
LPL Financial (Nasdaq: LPLA) ha annunciato che i consulenti finanziari Amanda Miller, Devin Richard e Jonathan Vila di Frontline Investment Advisors si sono uniti al broker-dealer di LPL, in collaborazione con GradePoint Financial. Il team, che gestiva circa 550 milioni di dollari in attivi, proviene da VALIC Financial Advisors.
Con sede a Tampa, Florida, il team si specializza nel servire i lavoratori in prima linea, in particolare i dipendenti scolastici, il personale dell'ufficio dello sceriffo e i professionisti medici. Con 50 anni di esperienza combinata, si concentrano sul sistema pensionistico della Florida, sul programma di opzioni di pensionamento differito e sul mercato dei piani 403(b) per la salute.
Il passaggio a LPL mira a fornire strategie di investimento più ampie, un'efficienza migliorata nei processi, tecnologie avanzate e una migliore esperienza per i clienti. LPL attualmente supporta oltre 28.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, gestendo circa 1,7 trilioni di dollari in attivi per 6 milioni di clienti.
LPL Financial (Nasdaq: LPLA) anunció que los asesores financieros Amanda Miller, Devin Richard y Jonathan Vila de Frontline Investment Advisors se han unido al corredor-dealer de LPL, alineándose con GradePoint Financial. El equipo, que gestionaba aproximadamente 550 millones de dólares en activos, proviene de VALIC Financial Advisors.
Con sede en Tampa, Florida, el equipo se especializa en servir a los trabajadores de primera línea, especialmente a los empleados escolares, al personal de la oficina del sheriff y a los profesionales médicos. Con 50 años de experiencia combinada, se enfocan en el Sistema de Jubilación de Florida, el Programa de Opción de Jubilación Diferida y el mercado de planes 403(b) de salud.
El movimiento hacia LPL tiene como objetivo proporcionar estrategias de inversión más amplias, mejorar la eficiencia en los procesos, tecnologías avanzadas y una mejor experiencia para los clientes. LPL actualmente apoya a más de 28,000 asesores financieros y aproximadamente 1,200 instituciones financieras, gestionando alrededor de 1.7 billones de dólares en activos para 6 millones de clientes.
LPL Financial (Nasdaq: LPLA)는 Frontline Investment Advisors의 금융 고문인 Amanda Miller, Devin Richard 및 Jonathan Vila가 LPL의 증권 중개업체에 합류했다고 발표했습니다. 이 팀은 약 5억 5천만 달러의 자산을 관리했으며, VALIC Financial Advisors에서 이동했습니다.
플로리다주 탬파에 본사를 두고 있는 이 팀은 학교 직원, 보안관 사무실 직원 및 의료 전문가와 같은 1선 근로자를 지원하는 데 주력하고 있습니다. 50년의 경력을 가진 이들은 플로리다 퇴직 시스템, 연기된 퇴직 선택 프로그램 및 의료 403(b) 플랜 시장에 집중하고 있습니다.
LPL로의 이동은 더 넓은 투자 전략, 개선된 처리 효율성, 향상된 기술 및 더 나은 고객 경험을 제공하는 것을 목표로 합니다. 현재 LPL은 28,000명 이상의 금융 고문과 약 1,200개의 금융 기관을 지원하며, 6백만 고객을 위해 약 1.7조 달러의 자산을 관리하고 있습니다.
LPL Financial (Nasdaq: LPLA) a annoncé que les conseillers financiers Amanda Miller, Devin Richard et Jonathan Vila de Frontline Investment Advisors ont rejoint le courtier de LPL, en partenariat avec GradePoint Financial. L'équipe, qui gérait environ 550 millions de dollars d'actifs, passe de VALIC Financial Advisors.
Basée à Tampa, en Floride, l'équipe se spécialise dans le service des travailleurs de première ligne, en particulier les employés scolaires, le personnel des bureaux du shérif et les professionnels de la santé. Avec 50 ans d'expérience combinée, ils se concentrent sur le système de retraite de Floride, le programme d'options de retraite différées et le marché des plans 403(b) de santé.
Le passage à LPL vise à fournir des stratégies d'investissement plus larges, une efficacité de traitement améliorée, une technologie avancée et une meilleure expérience client. LPL soutient actuellement plus de 28 000 conseillers financiers et environ 1 200 institutions financières, gérant environ 1,7 billion de dollars d'actifs pour 6 millions de clients.
LPL Financial (Nasdaq: LPLA) gab bekannt, dass die Finanzberater Amanda Miller, Devin Richard und Jonathan Vila von Frontline Investment Advisors dem Broker-Dealer von LPL beigetreten sind, in Zusammenarbeit mit GradePoint Financial. Das Team, das etwa 550 Millionen Dollar an Vermögenswerten verwaltete, wechselt von VALIC Financial Advisors.
Mit Sitz in Tampa, Florida, hat sich das Team auf die Betreuung von Beschäftigten an der Frontlinie spezialisiert, insbesondere von Schulmitarbeitern, Mitarbeitern des Sheriffs und medizinischen Fachkräften. Mit 50 Jahren kombinierter Erfahrung konzentrieren sie sich auf das Florida Retirement System, das Deferred Retirement Option Program und den Markt für Gesundheitspläne 403(b).
Der Wechsel zu LPL zielt darauf ab, breitere Anlagestrategien, verbesserte Verarbeitungseffizienz, erweiterte Technologien und ein besseres Kundenerlebnis zu bieten. LPL unterstützt derzeit über 28.000 Finanzberater und etwa 1.200 Finanzinstitute und verwaltet rund 1,7 Billionen Dollar an Vermögenswerten für 6 Millionen Kunden.
- Addition of team managing $550 million in assets strengthens LPL's market position
- Expansion of specialized service offerings in retirement and healthcare sectors
- Strategic growth through acquisition of experienced advisors with 50 years combined experience
- None.
Insights
The addition of Frontline Investment Advisors, bringing
The migration of high-value advisory teams from competitors (in this case from VALIC/AIG) to LPL demonstrates the company's strong competitive position in the advisor-mediated marketplace. With LPL already managing approximately
While positive for LPL's growth narrative, the impact on the company's overall financials is relatively modest given LPL's large existing asset base. The acquisition represents approximately
SAN DIEGO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Amanda Miller, Devin Richard and Jonathan Vila, CRPC®, of Frontline Investment Advisors have joined LPL Financial’s broker-dealer, aligned with existing firm GradePoint Financial. They reported having served approximately
Based in Tampa, Fla., Miller, Richard and Vila collectively have approximately 50 years of extensive experience providing comprehensive investment advice to school employees, sheriff’s office personnel and those in the medical field, all frontline workers who serve their community.
“Our mission is to serve those who serve others,” Richard said. “As a team, we’ve been in the trenches and on the frontline with clients helping them not only start their financial planning journey but navigating the waters when circumstances change and markets become volatile, as clients ultimately need guidance to make the best decisions for their individual situations.”
The advisors, who are joined by two assistants, specialize in the intrinsic details of the Florida Retirement System, Deferred Retirement Option Program and in the healthcare 403(b) plans market. While each advisor manages their own client base, they enjoy working in a collaborative environment where they can share best practices and resources to maximize the client experience.
The move to LPL followed an extensive search to find a new wealth management firm that would help the advisors propel the next phases of their business.
“After carefully evaluating our options, it was clear to us that the best choice for our clients was to reshape our business and invest in the future,” Richard said. “We found that LPL is closely aligned with our vision of continued growth and service for our clients. As independent advisors, we look forward to being able to offer a wider array of investment strategies, more efficient processing, enhanced technology and an improved client experience. We look forward to collaborating with LPL and leveraging their extensive support to drive our business forward.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Amanda, Devin and Jonathan to the LPL community and congratulate GradePoint on its continued growth. LPL is committed to providing unprecedented choice and flexibility in how advisors build their practices, along with integrated capabilities and robust business solutions designed to help them work smarter and deliver more value to clients. We look forward to supporting the continued success of the entire team at Frontline Investment Advisors 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 approximately 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. Frontline Investment Advisors, GradePoint Financial and LPL are separate entities.
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.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2023.
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FAQ
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