LPL Financial Welcomes Auctus Legacy Private Wealth Management
21 May 2024 - 10:55PM
LPL Financial LLC announced today that financial advisors
Alain Verhille, CFP®, CPFA®, and James S. Wood have joined LPL
Financial’s high-net-worth-focused employee affiliation model, LPL
Private Wealth Management, to launch Auctus Legacy Private Wealth
Management. The advisors reported serving approximately $705
million in advisory, brokerage and retirement plan assets* and join
LPL from Merrill Lynch.
Based in Oklahoma City, Okla., Senior Vice President, Wealth
Management Advisor Verhille and Managing Director, Wealth
Management Advisor Wood are longtime business partners with more
than 50 years of collective industry experience. The advisors serve
a primarily high-net-worth clientele, focusing on comprehensive
planning that seeks to optimize wealth and reduce risk for
multi-generational families. They are joined by licensed Certified
Senior Advisors Erikka Moore and Kathy Isernhagen.
“Our firm brings the right expertise, experience and clarity to
the table to find paths forward for clients,” Verhille said. “We’re
helping extraordinary people stay extraordinary.”
Having worked with each other for decades, the advisors have
developed a deep friendship, understanding of each other’s
strengths and preferences, and leverage their bond to connect more
deeply with their clients.
“We are like a family, and our relationship with each other
doesn’t stop at 5 p.m. on Friday,” said Wood. “We understand the
value of building genuine relationships, knowing one another and
what’s important to clients. I believe our clients feel like we
give them a very good opportunity to have a path to succeed in
their goals.”
Why LPL Financial
Looking for the right blend of independence and support to
create their ideal boutique practice, Verhille and Wood turned to
LPL Private Wealth Management.
Tailored to the needs of high-net-worth-focused advisors, LPL
Private Wealth is an independent employee advisor affiliation model
featuring a comprehensive array of services and support to enhance
client service delivery and business growth while upholding the
tenets of independence. LPL Private Wealth advisors enjoy the
benefits of industry-leading payouts, client ownership and business
autonomy while gaining access to enhanced service, expanded
capabilities and an exclusive high-net-worth advisor community. LPL
has developed focused resources including advanced estate and
philanthropic planning, income tax strategy, trustee services,
alternative investments platform, banking and lending solutions,
and complex life insurance planning as well as a curated network of
third-party specialists.
“It took us two years of due diligence as we analyzed a lot of
companies to find the right fit,” said Verhille. “We wanted the top
firm to help us refocus our wealth management business. LPL
provides us with a dedicated team and white glove service while
giving us access to help on the financial planning side of our
business. It has been refreshing the way LPL is organized and takes
care of its advisors — LPL checked all the boxes.”
Scott Posner, LPL Executive Vice President, Business
Development, said, “We welcome Alain, James and the Auctus Legacy
team to the LPL community and congratulate them on taking this next
step in growing their client-centered high-net-worth practice. At
LPL, we recognize that high-net-worth-focused advisors need
sophisticated resources and support while also valuing the freedom
to shape their practice in a way that best serves their clients. We
continue to make significant investments in developing our
high-net-worth capabilities and offer an open-architecture platform
that enables advisors to access subject matter experts in a wide
variety of niche areas. We look forward to fostering a long-lasting
relationship with Auctus Legacy Private Wealth Management.”
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. Auctus Legacy
Private Wealth Management and LPL Financial are separate entities.
LPL Financial Representatives offer access to Trust Services
through The Private Trust Company N.A., an affiliate of LPL
Financial.
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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