LPL Welcomes Townsgate Wealth Management
LPL Financial (LPLA) has announced that Townsgate Wealth Management has joined its broker-dealer, RIA, and custodial platforms. The Westlake Village-based team, managing approximately $1.15 billion in assets, has transitioned from Wells Fargo Advisors Financial Network.
The team includes six financial advisors: Jim Murray, Larry Bernstein, Abby Goldstein, Michael Kazmer, Brett Goldberg, and Wesley Wong. Founded in 2016, Townsgate specializes in serving high-net-worth individuals, families, and business owners, offering portfolio management, fixed-income analysis, and retirement planning services.
This addition contributes to LPL's growing wealth management platform, which currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, with approximately $1.7 trillion in brokerage and advisory assets under management on behalf of about 6 million Americans.
LPL Financial (LPLA) ha annunciato che Townsgate Wealth Management si è unita alle sue piattaforme di broker-dealer, RIA e custodia. Il team con sede a Westlake Village, che gestisce circa 1,15 miliardi di dollari in attività, è passato da Wells Fargo Advisors Financial Network.
Il team è composto da sei consulenti finanziari: Jim Murray, Larry Bernstein, Abby Goldstein, Michael Kazmer, Brett Goldberg e Wesley Wong. Fondata nel 2016, Townsgate si specializza nel servire individui ad alto patrimonio netto, famiglie e imprenditori, offrendo servizi di gestione del portafoglio, analisi dei redditi fissi e pianificazione della pensione.
Questa aggiunta contribuisce alla crescente piattaforma di gestione patrimoniale di LPL, che attualmente supporta quasi 29.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, con circa 1,7 trilioni di dollari in attività di intermediazione e consulenza sotto gestione per conto di circa 6 milioni di americani.
LPL Financial (LPLA) ha anunciado que Townsgate Wealth Management se ha unido a sus plataformas de corretaje, RIA y custodia. El equipo, con sede en Westlake Village, que gestiona aproximadamente 1.15 mil millones de dólares en activos, ha pasado de Wells Fargo Advisors Financial Network.
El equipo está compuesto por seis asesores financieros: Jim Murray, Larry Bernstein, Abby Goldstein, Michael Kazmer, Brett Goldberg y Wesley Wong. Fundada en 2016, Townsgate se especializa en atender a individuos de alto patrimonio, familias y propietarios de negocios, ofreciendo servicios de gestión de cartera, análisis de renta fija y planificación de jubilación.
Esta incorporación contribuye a la creciente plataforma de gestión patrimonial de LPL, que actualmente apoya a casi 29,000 asesores financieros y aproximadamente 1,200 instituciones financieras, con aproximadamente 1.7 billones de dólares en activos de corretaje y asesoría bajo gestión en nombre de alrededor de 6 millones de estadounidenses.
LPL Financial (LPLA)는 Townsgate Wealth Management가 자사의 중개인, RIA 및 수탁 플랫폼에 합류했다고 발표했습니다. 웨스트레이크 빌리지에 본사를 둔 이 팀은 약 11.5억 달러의 자산을 관리하고 있으며, 웰스 파고 어드바이저스 파이낸셜 네트워크에서 전환했습니다.
팀은 여섯 명의 금융 자문가로 구성되어 있습니다: Jim Murray, Larry Bernstein, Abby Goldstein, Michael Kazmer, Brett Goldberg, Wesley Wong. 2016년에 설립된 Townsgate는 고액 자산가, 가족 및 사업주를 대상으로 포트폴리오 관리, 고정 수익 분석 및 은퇴 계획 서비스를 제공합니다.
이 추가는 LPL의 성장하는 자산 관리 플랫폼에 기여하며, 현재 거의 29,000명의 금융 자문가와 약 1,200개의 금융 기관을 지원하고 있으며, 약 1.7조 달러의 중개 및 자문 자산을 약 600만 미국인을 대신하여 관리하고 있습니다.
LPL Financial (LPLA) a annoncé que Townsgate Wealth Management a rejoint ses plateformes de courtage, RIA et de garde. L'équipe basée à Westlake Village, gérant environ 1,15 milliard de dollars d'actifs, est passée de Wells Fargo Advisors Financial Network.
L'équipe comprend six conseillers financiers : Jim Murray, Larry Bernstein, Abby Goldstein, Michael Kazmer, Brett Goldberg et Wesley Wong. Fondée en 2016, Townsgate se spécialise dans le service des particuliers fortunés, des familles et des propriétaires d'entreprises, offrant des services de gestion de portefeuille, d'analyse des revenus fixes et de planification de la retraite.
Cette addition contribue à la plateforme de gestion de patrimoine en pleine croissance de LPL, qui soutient actuellement près de 29 000 conseillers financiers et environ 1 200 institutions financières, avec environ 1,7 billion de dollars d'actifs de courtage et de conseil sous gestion pour le compte d'environ 6 millions d'Américains.
LPL Financial (LPLA) hat angekündigt, dass Townsgate Wealth Management seinen Broker-Dealer-, RIA- und Verwahrplattformen beigetreten ist. Das in Westlake Village ansässige Team verwaltet etwa 1,15 Milliarden Dollar an Vermögenswerten und hat von Wells Fargo Advisors Financial Network gewechselt.
Das Team besteht aus sechs Finanzberatern: Jim Murray, Larry Bernstein, Abby Goldstein, Michael Kazmer, Brett Goldberg und Wesley Wong. Gegründet im Jahr 2016, spezialisiert sich Townsgate auf die Betreuung von vermögenden Privatpersonen, Familien und Geschäftsinhabern und bietet Dienstleistungen in den Bereichen Portfoliomanagement, Analyse von festverzinslichen Anlagen und Altersvorsorgeplanung an.
Diese Ergänzung trägt zur wachsenden Vermögensverwaltungsplattform von LPL bei, die derzeit fast 29.000 Finanzberater und etwa 1.200 Finanzinstitute unterstützt, mit etwa 1,7 Billionen Dollar an verwalteten Vermögenswerten im Brokerage- und Beratungsbereich für rund 6 Millionen Amerikaner.
- Acquired team managing $1.15B in assets
- Expands high-net-worth client service capabilities
- Strengthens presence in California market
- Demonstrates continued ability to attract large advisory practices
- None.
SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Jim Murray, Larry Bernstein, Abby Goldstein, CFP®, Michael Kazmer, CFP®, Brett Goldberg and Wesley Wong of Townsgate Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately
Based in Westlake Village, Calif., Townsgate Wealth Management was founded in 2016 and has since grown to an ensemble practice that serves primarily high-net-worth individuals, families and business owners. Complementing each other's strengths, the advisors focus on several areas of investing, including in-depth portfolio management, fixed-income analysis and retirement planning, while partnering with CPAs and attorneys to create deeply personalized strategies for each client. They are supported by administrative assistants Sarah Levi-Sickman, Joni Melickian and Claire Trentacosta.
“Our clients are the center of everything we do at Townsgate,” Murray said. “We maintain a fiduciary focus for clients and take full discretion in trading, running portfolio models and creating highly customized plans to help them work toward their goals. Whether we are developing strategies that focus on preserving wealth, building a legacy or sharing wealth with the next generation, our priority is bringing our clients’ visions into reality.”
Looking to further grow their business while maintaining their client-first approach to service, the team embarked on a year-long due diligence process that led them to LPL.
“True independence is having the autonomy to operate on our terms, which is what we found in LPL,” Bernstein said. “LPL’s culture, strong reputation, integrated systems and innovative platform means they truly serve the needs of the advisors. With advisor-centric support and a client-centric advisory practice — our clients win.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome the advisors of Townsgate Wealth Management to LPL and congratulate the team on this milestone in the evolution of their practice. At LPL, independence means advisors benefit from book ownership, industry-leading technology and greater support to help them grow their practices while exceeding client expectations. We look forward to partnering with Townsgate 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 nearly 29,000 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 and broker-dealer, member FINRA/SIPC. Townsgate Wealth Management 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, 2024.
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