LPL Financial says a team from Merrill Lynch that works with about $1 billion in total assets has moved to its Strategic Wealth Services channel. This is the 40th group to join the channel, which was launched by LPL in April 2020.
"We've seen a growing trend of advisors looking for more autonomy; to be the CEO and call the shots for their practice while still having access to sophisticated resources and an open-architecture platform," according to Scott Posner, LPL executive vice president, business development. "LPL's Strategic Wealth Services allows advisors to do just that."
The new LPL-affiliated group does business as Continuity Private Wealth and includes financial advisors James "Jamie" P. Debuque and Timothy M. Baltz; they have worked together for nearly 15 years in Doylestown, Pennsylvania.
"By making this move, we now have the freedom to follow a fiduciary standard for our clients without corporate influence," Debuque said in a statement.
