LPL Financial LLC announced today that financial advisors Tim
Woodall and Dustin Raring launched a new independent practice,
Highway One Capital, through affiliation with LPL Financial’s
supported independence model, LPL Strategic Wealth Services. The
team reported having served approximately $500 million in advisory,
brokerage and retirement plan assets* and joins LPL from First
Republic, now part of JPMorgan Chase.
Based in Newport Beach, Calif., Woodall and Raring are longtime
best friends with over 55 years of industry experience,
collectively. They partnered in 2012 to combine their strengths for
the benefit of their clients, with each advisor bringing different
skillsets and viewpoints to the business. With client support from
Taylor Ford, the team primarily serves business owners and
high-net-worth multigenerational families.
“In a world that’s shifted to model portfolios and simplified
offerings, we truly spend a lot of time, energy and effort
customizing strategies for each individual client or family,”
Woodall said. “We enjoy getting to know what clients want to do
with their finances and how their wealth can help drive their goals
and ambitions. We keep our focus on the important things along that
journey: family, community, connectivity and a sense of purpose to
keep clients moving forward.”
That focus ties into their new brand, which is a nod to
California’s iconic Highway One that connects generations through
road trips, natural beauty and a can-do spirit. It also reflects
the team’s personal approach to life, family and wealth
management.
Joining LPL was a natural choice for the team, which was looking
for a more entrepreneurially-minded culture and an environment
where they could put their clients' best interests first.
“This decision to move to LPL was driven by our desire to have
full control in how we build our business and serve clients,”
Raring said. “We can now leverage the strength of a major firm that
offers integrated technology, strategic business resources and wide
selection of investment choices, which enables us to deliver highly
personalized wealth management options and exceptional service
experiences.”
The team chose to affiliate via LPL’s comprehensive supported
independence solution, LPL Strategic Wealth Services (SW), which
combines the freedom and flexibility of entrepreneurship with
hands-on business services and support to help practices thrive,
both operationally and strategically. In addition to having access
to LPL’s innovative wealth management platform and sophisticated
resources, SW advisors benefit from a truly integrated service that
includes simplified pricing, technology and dedicated support to
launch their practice. Then, after the transition is complete, SW
teams receive ongoing operations support managed by their team of
experienced professionals including a business strategist,
marketing partner, CFO and administrative assistant. Advisors have
one point of contact, a dedicated team and priority access to
advocacy and project management for complex business issues,
ultimately allowing them to stay focused on the enduring needs of
their clients and the culture and evolution of their practice.
“We want to be independent, but we also appreciate the blend of
service and support that is provided by LPL Strategic Wealth
Services," Raring said. "We are fully supported by a dedicated team
that upholds our high standards, and we look forward to building a
culture where we can prioritize our clients’ best interests in
their pursuit of financial success.”
The team will also be able to tap into elements of LPL's Private
Wealth offering, which provides customized solutions for
high-net-worth families, including estate planning, legacy
planning, tax strategies and comprehensive solutions for
concentrated equity positions.
Scott Posner, LPL Executive Vice President, Business
Development, said, “We extend a warm welcome to Tim, Dustin and
Taylor and congratulate them on the launch of Highway One Capital.
As they build their ideal practice, LPL is here to support them
throughout their entire journey as independent advisors. We are
committed to delivering sophisticated resources, innovative
capabilities and strategic business solutions designed to help them
build value with clients and win in the markets they serve.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and institutions, and not the other way around. Today,
LPL is a leader in the markets we serve, serving nearly 23,000
financial advisors, including advisors at approximately 1,100
institutions and at approximately 570 registered investment advisor
("RIA") firms nationwide. We are steadfast in our commitment to the
advisor-mediated model and the belief that Americans deserve access
to personalized guidance from a financial professional. At LPL,
independence means that advisors and institution leaders have the
freedom they deserve to choose the business model, services and
technology resources that allow them to run a thriving business.
They have the flexibility to do business their way. And they have
the freedom to manage their client relationships, because they know
their clients best. Simply put, we take care of our advisors and
institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial
LLC ("LPL Financial"), a registered investment advisor. Member
FINRA/SIPC. LPL Financial and its affiliated companies provide
financial services only from the United States. Highway One Capital
and LPL Financial are separate entities.
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.
We routinely disclose information that may be important to
shareholders in the "Investor Relations" or "Press Releases"
section of our website.
*Value approximated based on asset and holding details provided
to LPL from end of year, 2023.
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LPL Financial (NASDAQ:LPLA)
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LPL Financial (NASDAQ:LPLA)
過去 株価チャート
から 6 2023 まで 6 2024