LPL Financial Welcomes Happier Wealth
LPL Financial announced that financial advisors Will Beck, Mike Macfarlane, Tyler Vongsawad, and Sam Rosen have joined LPL's platforms to launch Happier Wealth, bringing approximately $250 million in assets from Northwestern Mutual. Located in Pleasant Grove, Utah, the team has over 70 years of collective experience and provides comprehensive financial planning services. The advisors chose LPL for its true independence, absence of proprietary investment products, and advanced technology platform. Happier Wealth focuses on helping clients live fulfilling lives through investment management, tax planning, retirement planning, and estate planning services.
LPL Financial ha annunciato che i consulenti finanziari Will Beck, Mike Macfarlane, Tyler Vongsawad e Sam Rosen si sono uniti alle piattaforme di LPL per lanciare Happier Wealth, portando circa 250 milioni di dollari in attivi da Northwestern Mutual. Situato a Pleasant Grove, Utah, il team vanta oltre 70 anni di esperienza collettiva e offre servizi di pianificazione finanziaria completa. I consulenti hanno scelto LPL per la sua vera indipendenza, l'assenza di prodotti d'investimento proprietari e la sua avanzata piattaforma tecnologica. Happier Wealth si concentra ad aiutare i clienti a vivere vite soddisfacenti attraverso la gestione degli investimenti, la pianificazione fiscale, la pianificazione della pensione e i servizi di pianificazione patrimoniale.
LPL Financial anunció que los asesores financieros Will Beck, Mike Macfarlane, Tyler Vongsawad y Sam Rosen se han unido a las plataformas de LPL para lanzar Happier Wealth, trayendo aproximadamente 250 millones de dólares en activos desde Northwestern Mutual. Ubicado en Pleasant Grove, Utah, el equipo tiene más de 70 años de experiencia colectiva y ofrece servicios integrales de planificación financiera. Los asesores eligieron LPL por su verdadera independencia, la ausencia de productos de inversión propios y su avanzada plataforma tecnológica. Happier Wealth se centra en ayudar a los clientes a vivir vidas plenas a través de la gestión de inversiones, planificación fiscal, planificación de jubilación y servicios de planificación patrimonial.
LPL Financial는 금융 상담사 Will Beck, Mike Macfarlane, Tyler Vongsawad 및 Sam Rosen이 LPL 플랫폼에 합류하여 Happier Wealth를 출범하고 Northwestern Mutual로부터 약 2억 5천만 달러의 자산을 유치했다고 발표했습니다. 유타주 Pleasant Grove에 위치한 이 팀은 70년 이상의 집단 경험을 가지고 있으며 포괄적인 재무 계획 서비스를 제공합니다. 상담사들은 진정한 독립성, 독점 투자 상품의 부재 및 고급 기술 플랫폼 때문에 LPL을 선택했습니다. Happier Wealth는 고객이 투자 관리, 세금 계획, 은퇴 계획 및 재산 계획 서비스를 통해 충만한 삶을 살도록 돕는 데 중점을 두고 있습니다.
LPL Financial a annoncé que les conseillers financiers Will Beck, Mike Macfarlane, Tyler Vongsawad et Sam Rosen ont rejoint les plateformes de LPL pour lancer Happier Wealth, apportant environ 250 millions de dollars d'actifs de Northwestern Mutual. Situé à Pleasant Grove, Utah, l'équipe cumule plus de 70 ans d'expérience collective et fournit des services de planification financière complète. Les conseillers ont choisi LPL pour sa véritable indépendance, l'absence de produits d'investissement propriétaires et sa plateforme technologique avancée. Happier Wealth se concentre sur l'aide aux clients pour vivre des vies épanouissantes grâce à la gestion d'investissements, la planification fiscale, la planification de la retraite et les services de planification successorale.
LPL Financial gab bekannt, dass die Finanzberater Will Beck, Mike Macfarlane, Tyler Vongsawad und Sam Rosen den Plattformen von LPL beigetreten sind, um Happier Wealth zu gründen und etwa 250 Millionen Dollar an Vermögenswerten von Northwestern Mutual zu bringen. Das Team hat seinen Sitz in Pleasant Grove, Utah, und verfügt über mehr als 70 Jahre kollektive Erfahrung und bietet umfassende Finanzplanungsdienste an. Die Berater wählten LPL aufgrund seiner echten Unabhängigkeit, dem Fehlen von proprietären Anlageprodukten und der fortschrittlichen Technologieplattform. Happier Wealth konzentriert sich darauf, den Kunden zu helfen, erfüllte Leben durch Investitionsmanagement, Steuerplanung, Altersvorsorge und Nachlassplanungsdienste zu führen.
- Acquired new advisory team managing $250 million in assets
- Expansion of LPL's advisor network with experienced team (70+ years collective experience)
- Further growth in assets under management contributing to LPL's $1.7 trillion total managed assets
- None.
Insights
The addition of Happier Wealth, managing
The transition from Northwestern Mutual is particularly noteworthy as it represents continued success in LPL's recruitment efforts from traditional insurance-based firms to the independent model. The team's focus on comprehensive planning and fee-based services aligns with industry trends toward holistic wealth management and recurring revenue streams.
The technology emphasis in their decision-making process validates LPL's substantial investments in digital transformation, suggesting potential operational efficiency gains that could drive higher profit margins in their advisor network.
SAN DIEGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Will Beck, CFP®, Mike Macfarlane, CASL®, CLU®, ChFC®, Tyler Vongsawad, CLU®, ChFC®, CASL®, CFP®, MSFS, and Sam Rosen, CFP®, have joined LPL Financial’s broker-dealer, RIA and custodial platforms to launch a new independent practice, Happier Wealth. They reported having served approximately
Located in Pleasant Grove, Utah, the Happier Wealth team has more than 70 years of collective experience in financial services. Macfarlane mentored Beck and Vongsawad as college interns, and they have all remained close friends throughout their careers. As the three founding partners of Happier Wealth, the advisors are looking to build a collaborative environment where they can live out their mission of helping clients live happier, more fulfilled lives.
“At Happier Wealth, we believe that true wealth isn’t just about numbers—it’s about living a life that brings you joy, fulfillment and confidence,” said Beck, a survivor of the Columbine High School tragedy who learned early on to appreciate the things that matter most. “The advice we provide isn’t just about making the most money, but about living the best life.”
The Happier Wealth team provides comprehensive financial planning services, including investment management, tax planning, retirement planning and estate planning. The advisors work to understand each client's unique needs and provide advice tailored to those goals.
As they prepared for the next chapter of their business, they sought to partner with a wealth management firm that would give them true independence and the freedom to act solely in the best interests of their clients.
“Our strategic partnership with LPL Financial is underpinned by a shared commitment to prioritizing the client," Beck said. “We value the autonomy and control over our business and appreciate that LPL does not offer proprietary investment products. Additionally, LPL's comprehensive technology platform reduces administrative burdens and helps us focus on taking care of clients. The ability to open an account in less than 10 minutes is a game-changer for us. We have so many ideas for how we can expand and grow, and we look forward to taking our practice to the next level.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Will, Mike, Tyler, Sam and the entire Happier Wealth team to LPL, where we’ll continue to invest in new capabilities and solutions designed to help advisors grow their businesses, personalize their practices and deliver differentiated service experiences to their clients. We look forward to supporting Happier Wealth as they evolve their business and make a positive impact on the lives of their clients.”
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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 LLC ("LPL Financial"), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Happier Wealth 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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