CHARLOTTE, N.C. – April 26, 2017 – 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 South Carolina-based firm Lighthouse Wealth Advisors of Charleston has joined LPL’s broker/dealer and registered investment advisor (RIA) platforms. Lighthouse Wealth Advisors of Charleston reported that, based on prior business*, the firm served approximately $178 million of client brokerage and advisory assets, as of Jan. 2.
Founded by Wes McKenna, the firm includes four additional advisors: Clayton Abel, Kit Leary, Christopher Mathwig and Bobby Parham.
“It was important for us to find a broker/dealer that could support our business model and provide access to a robust offering of fee-based products,” said McKenna, principal, Lighthouse Wealth Advisors of Charleston. “We want to be able to deepen the value we provide to our clients and believe we can effectively do so by having the ability to offer investment strategies to fit each client’s unique financial planning needs. LPL’s open architecture platform and its depth of resources, technology enhancements and investment platforms make it possible for us to deliver more choice to our clients and support our firm’s growth goals.”
“We’re excited that Lighthouse Wealth Advisors of Charleston has chosen LPL,” said Steve Pirigyi, LPL executive vice president, Business Development. “We certainly understood their desire to evolve their offering so they could better serve their clients’ needs. The industry is moving in a way that advisors now need to take a financial planning approach to serving investors’ needs and deepen the value they provide. With a broad range of products and solutions for Lighthouse’s advisors to access, they can be positioned to deliver increased value to their clients and grow their business.”
*Asset numbers were reported by Lighthouse Wealth Advisors of Charleston based on prior business and have not been independently and fully verified by LPL Financial.
About LPL Financial
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and provided service to approximately $528 billion in advisory and brokerage assets as of February 28, 2017. 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 1996-2016). 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 financial institutions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also serviced an estimated 46,000 retirement plans with an estimated $127 billion in retirement plan assets, as of December 31, 2016. LPL also supports approximately 4,000 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have more than 3,200 employees with primary offices in Boston, Charlotte, and San Diego.
Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC.