LPL Financial Recruits Advisor Team from RBC Wealth Management
LPL Financial recently welcomed a team of advisors from RBC Wealth Management, where the group previously oversaw an impressive $900 million in assets. Joining LPL's Strategic Wealth Services (SWS) unit, the new recruits, which include advisors Brock Hively, Josh Smeltzer, Aaron Gingrich, and Emily Sides, sought out the additional support offered by LPL to open independent practices.
Empowering Advisors for Success
The team, based in York, Pa., made the move to LPL in order to have more flexibility in their practice. They chose the SWS unit specifically for the wealth of resources it could provide. According to Smeltzer, one of the team members, they all share an entrepreneurial mindset and recognize the value of owning their own business. With LPL, they have the freedom to design and build their firm according to their terms, always putting clients' best interests first.
Experienced Team with Strong Backgrounds
Prior to joining LPL, both Hively and Smeltzer had been with RBC since 2012. Before that, they gained valuable experience at Morgan Stanley. Gingrich and Sides, on the other hand, joined RBC in 2013 and 2016 respectively.
SWS: A Decisive Move by LPL
LPL, the largest independent broker-dealer in the United States, launched the SWS unit in 2019 as a means to attract more employee advisors from wirehouses and regional brokerages. Since its launch, LPL has successfully recruited over two dozen teams to SWS, including a remarkable $1.45 billion team from Wells Fargo in March.
Taking Control of Their Practice
The decision to join LPL and the SWS unit was driven by the team's desire to have ownership of their own business while still being able to devote their time to their clients. Gingrich stated, "With Strategic Wealth Services, we're in control of our practice and can leverage the support and resources we need to help us serve our clients and continue to grow."
A spokesperson for RBC was not available for immediate comment.
LPL currently boasts approximately 22,000 financial advisors and an impressive $1.24 trillion in assets.
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