LPL Financial LLC announced today that financial advisors
Christopher “Noah” Geoghegan, CTFA, and Tomohiko “Tom” Minami,
CFP®, CFA®, have launched a new independent practice, MG Partners
Private Wealth, through affiliation with LPL Financial’s supported
independence model, LPL Strategic Wealth Services. They reported
having served approximately $435 million in advisory, brokerage and
retirement plan assets* and join LPL from Truist.
With more than 50 years of combined experience in the
high-net-worth space, Geoghegan and Minami have honed their unique
experiences to develop a deep understanding of the complexities of
wealth management. Based in Hickory, N.C., the advisors have worked
together for nearly two decades to provide sophisticated investment
and planning services with a personalized touch. They are joined by
Director of Client Relations Caroline Montgomery.
“We’re a full-service private wealth practice that caters to our
clients’ comprehensive financial needs — from investment management
to estate planning to philanthropy and everything in between,”
Geoghegan said, noting they primarily serve high-net-worth (HNW)
entrepreneurs and clients who have built generational wealth. “We
treat our clients like family. We want to know about their wishes
and goals, their children, their lifestyle and what makes them
tick. We then work directly with professionals in tax or legal
fields to ensure all aspects of their financial lives are covered
and the right strategy is implemented.”
Geoghegan’s and Minami’s shared passion for entrepreneurship
runs deep, as it has been a part of both families for generations.
It was a natural next step for them to move to independence for the
next chapter of their business.
“It’s the American Dream to own your business, and LPL is
helping us make that dream true,” Minami said. “By going
independent, we can be more than just financial advisors. We are
entrepreneurs who understand the journey of building and growing
wealth, and we can do that in a way that puts clients at the center
of every decision we make.”
The team was drawn to LPL’s comprehensive supported independence
solution, LPL Strategic Wealth Services (SW), which combines the
freedom and flexibility of entrepreneurship with hands-on business
services and support to help practices thrive, both operationally
and strategically. In addition to having access to LPL’s innovative
wealth management platform and sophisticated resources, SW advisors
benefit from a truly integrated service that includes simplified
pricing, technology and dedicated support to launch their practice.
Then, after the transition is complete, SW teams receive ongoing
operations support managed by their team of experienced
professionals including a business strategist, marketing partner,
CFO and administrative assistant. Advisors have one point of
contact, a dedicated team and priority access to advocacy and
project management for complex business issues, ultimately allowing
them to stay focused on the enduring needs of their clients and the
culture and evolution of their practice.
The team also will tap into LPL’s HNW resources and customized
solutions to support more complex situations, such as advanced
estate and philanthropy planning, income tax strategy, trustee
services, a robust alternative investment platform, banking and
lending solutions and complex life insurance planning.
“During our due diligence process, it became clear that LPL’s
integrated technology and in-house resources are second to none,”
Minami said. “The Strategic Wealth model spoke to us because we
refused to compromise for our clients. It gives us a dynamic team
by our side to support our strategy and goals, allowing us to spend
more time with clients.”
The advisors look forward to growing their team with additional
advisors and expanding their footprint within the community.
Scott Posner, LPL Executive Vice President, Business
Development, stated, “We warmly welcome Noah and Tom into the LPL
community and congratulate them on this next step in their journey
to differentiate themselves in the marketplace. We support their
entrepreneurial spirit by providing innovative capabilities and
robust resources designed to help their business thrive, both
operationally and strategically. We look forward to a long-lasting
relationship with MG Partners Private Wealth and wish them great
success.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and institutions, and not the other way around. Today,
LPL is a leader in the markets we serve, serving more than 22,000
financial advisors, including advisors at approximately 1,100
institutions and at approximately 570 registered investment advisor
("RIA") firms nationwide. We are steadfast in our commitment to the
advisor-mediated model and the belief that Americans deserve access
to personalized guidance from a financial professional. At LPL,
independence means that advisors and institution leaders have the
freedom they deserve to choose the business model, services and
technology resources that allow them to run a thriving business.
They have the flexibility to do business their way. And they have
the freedom to manage their client relationships, because they know
their clients best. Simply put, we take care of our advisors and
institutions, so they can take care of their clients.
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. MG Partners Private
Wealth and LPL Financial 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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