LPL Financial LLC (Nasdaq: LPLA) announced today that the
founders, financial advisors and staff with Harbor Lights Financial
Group have returned to LPL Financial’s broker-dealer, RIA and
custodial platforms. They reported serving approximately $535
million in advisory, brokerage and retirement plan assets* and join
LPL from Wells Fargo FiNet.
Headquartered in Manasquan, N.J., Harbor Lights Financial Group
was founded in 1994 by financial advisors Doug Lockwood, CFP®, Rob
Tendler, CFP®, CLU, and Ken Roberts, CFP®, all who share a passion
for helping clients on their journey to financial freedom by
providing strategic investment advice, customized planning and
high-touch service experiences. They built the practice uniquely by
helping employees of large companies with their retirement
planning, and they later grew their business in the high-net-worth
space. The team includes financial advisors David Scureman, MBA,
CFP®, and Jonathan Shippee, MBA, CFP®, along with Chief Operating
Officer Steve Catapano and five office support staff members.
“We are a team of highly accomplished advisors who specialize in
developing detail-focused plans designed to help clients
accumulate, preserve and transfer wealth throughout all market
cycles,” said Lockwood, an accomplished public speaker and featured
contributor to Fox News, CNBC, U.S. News & World Report,
Kiplinger’s Personal Finance Magazine, MSNBC and the Wall Street
Journal online. “Each advisor brings a different skillset to the
team, and we collaborate to provide clients with well-defined,
personalized strategies to help them reach their wealth goals in a
timely manner.”
Why they chose to return to LPL Financial
Harbor Lights leaders have kept their eyes on LPL over the past
few years, closely watching the firm’s transformation to bring
advisors into the future of advice and wealth management. After
comprehensive due diligence, the team found that LPL is a
much-changed organization and would be the ideal partner for the
next chapter of their business.
“As independent advisors, we want to be in the best possible
place so we can continue to serve our clients at the highest
level,” Lockwood said. “LPL and its leaders are putting in hard
work and significant investments into a platform of the future. We
are highly impressed with the quality of services to help us solve
problems and create solutions for our clients and business.”
The team was drawn to LPL’s compelling and competitive Liquidity
& Capital resources to help them create a legacy for
themselves, as well as a safe passage for clients and longevity for
the next generation of Harbor Lights advisors.
Additionally, LPL’s mission to take care of advisors so they can
take care of clients truly resonates with the Harbor Lights
team.
“I genuinely feel that the people at LPL care about what happens
to us and our clients, from President & CEO Dan Arnold to Chief
Growth Officer Rich Steinmeier, all the way down to the transition
and service folks we work with daily,” Lockwood said. “We are a
relationship-based team, and it’s refreshing to engage with all
these great people who are committed to helping us succeed and
grow. We’re excited to be together for the rest of our careers and
offer to our team a better future.”
Scott Posner, LPL Executive Vice President, Business
Development, said, “We warmly welcome Doug, Rob, Ken and the entire
Harbor Lights team back into the LPL community. It’s an honor they
recognized LPL’s growing momentum and commitment to delivering an
industry-leading value proposition to advisors. Our entire focus is
to support advisors and make it easier for them to provide
personalized financial guidance and differentiated service
experiences to their clients. We do this by providing unprecedented
choice and flexibility in how firms build their business, and by
investing in integrated capabilities and robust business solutions
designed to help advisors thrive. We look forward to supporting
Harbor Lights Financial Group for generations to come.”
RelatedAdvisors, 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 23,000
financial advisors, including advisors at approximately 1,000
institutions and at approximately 580 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. Harbor Lights Financial Group 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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