LPL Financial Welcomes Highland Partners
30 May 2024 - 11:00PM
LPL Financial LLC announced today that advisors with Highland
Partners Financial Services, which is led by Managing Partner G.
Mark Hamby, have joined LPL Financial’s broker-dealer, RIA and
custodial platforms. They reported serving more than $400 million
in advisory, brokerage and retirement plan assets* and join LPL
from Momentum Independent Network, a subsidiary of Hilltop
Holdings.
Based in Glen Allen, Va., in the greater Richmond area, Hamby
has more than 30 years of experience in the financial services
industry and is known for fostering an entrepreneurial spirit. He
founded Highland Partners in 2019 to offer a comfortable
environment for like-minded advisors to follow the path of
independence in serving their clients’ best interests. Highland
Partners currently supports financial advisors J. Michael Duke,
Thomas R. Kirby, Simon M. Joseph and Elaine B. Miller in Virginia,
Bernard R.Theis in Pennsylvania and Lawrence Karpf, Jean E.
Albanese and Patricia E. Donelan in New Jersey, each running
individual practices focused on providing families, business owners
and executives with investment strategies and holistic financial
planning.
“At Highland Partners, we understand why so many practice owners
are seeking independence but are hesitant to follow their heart,”
said Hamby. “That's why we have created a custom partnership that
delivers the control of independence with the comfort of a turnkey
employee atmosphere. We find this gives advisors an easier path to
put the needs of their clients first.”
In their continual effort to improve the products, services and
technology for clients, the Highland team conducted an extensive
due diligence process to find a new wealth management partner.
“It quickly became clear that LPL’s market reach, award-winning
technology and commitment to the individual investor experience
made them the obvious choice,” Hamby said. “LPL is widely known as
an industry leader that can keep pace with clients’ needs not just
today, but well into the future. We wanted simplicity and ease of
doing business, and LPL does a good job of lifting our brand and
providing innovative resources that will cut down on some of the
busy work. This will allow us to raise the level of service and
create differentiated experiences for our advisors and
clients.”
Scott Posner, LPL Executive Vice President, Business
Development, said, “We welcome Mark and the Highland Partners team
to the LPL community, and we look forward to supporting their
continued growth and success for years to come. At LPL, we remain
steadfast in our commitment to being a long-term partner by
delivering a sophisticated wealth management platform and robust
business tools designed to help advisors differentiate their
practice and be successful serving the needs of their clients.”
RelatedAdvisors, find your perfect fit at
LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that the firm 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. Highland Partners
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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