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50th Team Joins LPL Employee Advisor Channel

News October 13, 2023 at 01:56 PM
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LPL Financial sad Wednesday that the 50th advisor team joined its employee advisor channel, Linsco by LPL Financial.

Advisors Jared West and Sandy Brown have launched West Wealth Advisory Powered by LPL Financial. The advisors had served about $390 million in advisory, brokerage and retirement plan assets and came to LPL from Merrill Lynch.

LPL's employee advisor channel recruited its first advisor in early 2021 and, since then, Linsco has continued to rapidly expand is geographic footprint across the nation, according to LPL.

LPL recently said Linsco recruited a three-person advisor team in Atlanta from Fifth Third Private Bank that served over $1 billion in advisory and retirement plan assets.

West teamed up with Brown in 2017, and together they serve high-net-worth individuals and business owners. They are joined by client services associates Samantha Medeiros and Rachel Schwendiman.

After the downturn in the stock and bond markets in 2022, the team recognized the need for more flexibility of financial solutions, LPL said. After an "extensive due diligence process, the team turned to LPL for the next chapter of their business," according to LPL.

Another Recruiting Win

Separately, LPL said Tuesday that advisors Brock Hively, Josh Smeltzer, Aaron Gingrich and Emily Sides joined LPL Financial to launch a new independent practice, Sides Wealth Advisory Group.

They chose to affiliate with LPL's supported independence model, LPL Strategic Wealth Services, and reported having served about $900 million in advisory, brokerage and retirement plan assets. They joined LPL from RBC.

The York, Pennsylvania financial advisor was looking for more control and ownership of its business, along with the flexibility to provide more customized support, LPL said.

"We look forward to tapping into LPL's innovative tools and resources to create differentiated experiences as we deepen existing client relationships and develop new ones," Sides said in a statement. "We're excited to have more flexibility and take a more personal approach."

Recruiting
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