Davis Aldana Joins Perennial Financial Services & LPL Financial

CHARLOTTE, N.C. – September 12, 2022 – LPL Financial LLC announced today that financial advisor Davis Aldana has joined LPL Financial’s broker-dealer, RIA and custodial platforms doing business as Aldana Financial and affiliating with Perennial Financial Services, a firm supporting LPL-affiliated advisors. Aldana reported having served approximately $155 million in advisory, brokerage and retirement plan assets,* and joins from Merrill Lynch.

Aldana entered into the world of wealth management by way of the fishing industry. He spent his youth working on boats in southern Calif., with aspirations to be a captain one day. While he does currently hold an active captain license, a moment of clarity led him into the financial world in college.

“Training to be a ship captain is actually a really good pathway to prepare you for financial advisory,” said Aldana. “It’s all about getting people home. Whether you are navigating challenging seas or the wealth management landscape, that guidance is pivotal to helping people work towards their goals.”

Based in Los Alamitos, Calif., Aldana sought the kind of freedom that LPL provides in order to best serve his clients. Through the creation of Aldana Financial, he will continue to deliver a dynamic and comprehensive list of financial planning services to a client base that includes a range of business owners and retirees. Though his practice is steeped in processes, he remains flexible in adjusting parameters when adjustments are needed. 

Aldana found freedom with LPL Financial

“Freedom was one hundred percent the reason I made the move to Perennial Financial Services and LPL Financial,” added Aldana. “With LPL, you have several platforms you can choose from and a great amount of interest in helping us do the right thing for our clients. If I approach LPL and ask for a tool or service I need to do what I do even better, they listen and they respond. That kind of support is next level in this industry.”

“We’re so excited to bring Davis onto our team and know he’ll continue to accomplish great things for his clients,” said John Petrick, senior managing director at Perennial Financial Services. “We’ve been so fortunate to bring on not just incredible advisors, but really good people, which Davis epitomizes. We’re building a synergistic team with a passion for helping others and placing clients’ best interests first.”

Scott Posner, LPL executive vice president, Business Development, stated, “Being recognized by Davis as a source of freedom is hugely validating. We have a mission to take care of advisors so they can take care of their clients, and this includes access to a broad range of investment solutions, innovative technology and cybersecurity platforms as well as operational support and compliance oversight. We welcome Davis to the LPL community and look forward to supporting the continued growth of his practice and the entire Perennial Financial Services team.”

Related

Read about other advisors that joined Perennial Financial Services and LPL here and here.

Advisors, find an LPL business development representative near you.
 

About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,** supporting nearly 21,000 financial advisors, and approximately 1,100 institution-based investment programs and approximately 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

*Value approximated based on asset and holding details provided to LPL from year 2021.

**Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S. (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.

Securities and advisory services offered through LPL Financial LLC, a registered investment advisor. Member FINRA/ SIPC.

Perennial Financial Services advisors offer Investment Advice through Perennial Investment Advisors, a registered investment advisor.

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 LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Aldana Financial, Perennial Financial Services, Perennial Investment Advisors and LPL Financial are separate entities.