Advisors Leave Wirehouse to Form Team and Have Greater Stake in Their Business
CHARLOTTE, N.C., Jan. 26, 2016 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that Jeff Kocis, John Kinsella and Richard Rohlfing have joined IHT Wealth Management (IHT), an independent financial advisory firm on LPL's broker/dealer and hybrid RIA platforms. Kocis, Kinsella and Rohlfing reported that, based on prior business, they collectively served more than $200 million of client assets*, as of Dec. 15, 2015.
Kocis, Kinsella and Rohlfing left their prior wirehouse firm because they sought to create a team structure. "In addition, by joining with LPL and IHT, we can provide our clients with objective financial advice that will allow us to find strategies tailored for their needs," said Kocis, who has been a financial advisor for 14 years and began his career as a trader on the floor of an exchange. "This move will allow us to have access to enhanced support and resources that can help us further help our clients now as well as in the future."
Kinsella - a silver and gold medal winner in the 1968 and 1972 Olympics, respectively, competing in 4 x 200 meter freestyle relay in which the relay team set a new world record - has 35 years of financial advisory experience. Rohlfing has been an advisor 5 years, having chosen the industry as his second career. The three advisors together will provide clients with portfolio and business management, retirement plans and comprehensive wealth management support.
Kocis, Kinsella and Rohlfing will be opening IHT's newest office in Oakbrook, Ill. The Chicago-based IHT will now operate five offices with a total of 17 advisors. IHT joined LPL in 2014 and intends to continue its expansion efforts into 2016 with offices planned for both the east and west coasts.
Founded by Steven Dudash, IHT provides advisors the control and business ownership that comes with the independent model, while supporting advisors with day to day operations, including office management and back office support.
"IHT is the perfect landing spot for advisors like Jeff, John and Richard," said Dudash. "They can own their book of business, but they will have the support and resources of IHT and LPL in managing aspects of their business, which will free them up to spend more time serving their clients."
"We welcome Jeff Kocis, John Kinsella and Richard Rohlfing to LPL," said Steve Pirigyi, LPL executive vice president, business development. "We have found that former wirehouse advisors are realizing the benefits of the independent model and specifically what LPL can provide in support of their businesses. With our tools and resources they are empowered to better address their business needs and also serve the best interests of their clients."
*Asset numbers were reported by Jeff Kocis, John Kinsella and Richard Rohlfing based on prior business and have not been independently and fully verified by LPL Financial.
About IHT Wealth Management
IHT Wealth Management is a team of experienced wealth management professionals dedicated to the design and implementation of customized, comprehensive financial strategies for mass-affluent and high-net-worth investors. IHT's disciplined, goals-based approach and its objective advice are focused on helping its clients create a financial plan that aligns with their vision for the future. The firm's areas of specialty include wealth management, comprehensive financial planning, legacy planning, retirement planning, college planning, insurance and charitable giving. Founded by Steven Dudash in 2014, IHT is based in Chicago and operates five offices in the Chicago area. For more information, please visitwww.ihtwealthmanagement.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and currently serves $462 billion in advisory and brokerage assets. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2015). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also service an estimated 40,000 retirement plans with an estimated $115 billion in retirement plan assets, as of September 30, 2015. LPL also supports approximately 4,300 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,413 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
LPL Financial, member FINRA/SIPC
Investment advice offered through IHT Wealth Management, a registered investment advisor and a separate entity from LPL Financial.
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Source: LPL Financial
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