LPL Adds Two Adviser Teams Managing $660 Million in Assets
LPL Financial added two adviser teams managing a combined $660 million in assets this week, as Tribute Financial joined the broker-dealer and registered investment adviser platform from United Planners Financial Services and NorthStar Wealth Advisors launched as a new independent practice through Good Life Companies, an LPL-affiliated firm, with assets from Raymond James.
Tribute Financial
Tribute Financial is led by president and chief executive officer Kevin Daniels and is based across offices in Missouri and Connecticut. The practice reported serving more than $500 million in advisory, brokerage, and retirement plan assets and describes its client base as multigenerational and family-oriented.
The team includes advisers Martin Nadeau, Zach Daniels, Scott Kearns and Caleb Sanders, along with a dedicated support staff.
Daniels began his career in electrical engineering, including work designing power systems for F-18 aircraft, before transitioning to wealth management.
“We believe success comes from doing the right thing over and over again,” Daniels said. “Our goal is to put people first and serve as trusted partners to our clients, helping them make informed decisions with confidence.”
NorthStar Wealth Advisors
Ronald White launched NorthStar Wealth Advisors in El Paso, Texas, through Good Life Companies, reporting approximately $160 million in advisory, brokerage, and retirement plan assets from Raymond James. White is joined by wealth adviser Scott Draime. Both bring more than three decades of industry experience, with a focus on retirees, business owners, and multigenerational families.
“Our focus has always been on building long-term relationships and helping clients navigate important financial decisions with clarity and confidence,” White said. “We take a planning-first approach and are committed to delivering personalized strategies that evolve with our clients’ needs.”
White said the move was driven by a desire for greater independence combined with infrastructure support. “I wanted more ownership and flexibility in how we run our business and serve clients,” he said. “LPL’s platform gives us the scale and flexibility to continue enhancing the client experience.”
Chief growth officer Marc Cohen said of the NorthStar addition, “Ron and his team gain access to a strong combination of operational support and LPL’s integrated platform. This model provides the flexibility, resources and scale needed to serve clients effectively while building a differentiated and growing practice.”
The additions extend a busy stretch of recruiting for LPL. Last week, AltsWire reported on the addition of three adviser teams managing a combined $565 million in assets, including Allegia Wealth Management, Smith Complete Wealth, and Fortress Financial Planning. In May, LPL added Cebert Wealth Advisors and Davis Executive Wealth in the same week, bringing a combined $1.6 billion in assets to the platform.
LPL Financial (Nasdaq: LPLA) supports more than 32,000 financial advisers and the wealth management practices of approximately 1,100 financial institutions, custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans.
Visit the AltsWire directory page.
