LPL Adds Pair of Father-Daughter Adviser Teams With $590 Million in Combined Assets
Independent broker-dealer LPL Financial added two father-and-daughter financial adviser teams this month with approximately $590 million in combined assets.
Financial advisers Dan Countiss and Olivia Countiss, CEPA, AAMS, have joined LPL Financial’s broker-dealer, registered investment adviser, and custodial platforms to launch a new independent practice: Countiss Wealth Management. According to LPL, the team reported having served approximately $200 million in advisory, brokerage, and retirement plan assets as of 2023. The advisers join LPL from Edward Jones and are joined by investment analyst Chandler Duke and client services associate Christy Walker.
Similarly, father and daughter financial advisers James Zack and Amanda Zack have joined LPL’s employee adviser channel, Linsco by LPL Financial, to launch The Zack Wealth Group. As of 2023, the advisers reported serving approximately $290 million in advisory, brokerage, and retirement plan assets and join LPL from Morgan Stanley.
Countiss Wealth Management is based in Flowood, Miss., and, together, the advisers have nearly 25 years of combined experience in wealth management, financial planning, and investing. By going independent, the advisers believe they can now work together as a team to take more comprehensive care of their clients. According to LPL, the team turned to LPL for improved financial planning services, greater investment flexibility, and enhanced technology benefits. They may also now provide guidance on 401(k) investments.
“By forming Countiss Wealth Management, we can create a new practice that allows us to work together in serving clients long into the future,” Dan Countiss said. “We see ourselves as now being a multigenerational family serving multigenerational families.”
Based in Washington, D.C., Jim Zack is a seasoned adviser whose daughter, Amanda, joined his practice eight years ago. Looking for more flexibility and the ability to operate as true partners, the father-daughter team chose to move to Linsco by LPL. According to LPL, with Linsco, advisers have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team and other dedicated consultants.
“We did our due diligence and really liked the direction LPL is heading. We found it’s much easier for us to be a team at LPL, and we appreciate that we have the freedom to run our practice the way we want,” Jim Zack said.
Scott Posner, LPL executive vice president of business development, embraced both groups’ joining LPL. In regard to Countiss Wealth Management, he welcomed “Dan, Olivia, and their team to the LPL community and congratulate(d) them on the launch of Countiss Wealth Management. We are committed to delivering value by making ongoing investments in new capabilities and innovative solutions designed to help advisers design their perfect practices and optimize their success.”
For The Zack Wealth Group, he added that “Linsco grants advisers true client ownership and the freedom to manage and grow their relationships – and businesses – as they see fit. We look forward to a long-lasting and successful relationship. …”
These family firms are just the latest to join LPL. Recently, a former Osaic firm with $1 billion in assets joined LPL, and earlier this month, LPL added a former AIG adviser with $275 million in assets.
LPL Financial Holdings Inc. serves nearly 23,000 financial advisers, including advisers at approximately 1,100 enterprises and 570 registered investment adviser firms nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled more than $1.44 trillion as of March 31, 2024.
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