LPL Financial Adds $400M-Asset Wyoming Team to Linsco Channel
Financial advisers Jared Black and Richard Brokaw have joined LPL Financial’s employee adviser channel, Linsco by LPL Financial, to launch Wyoming Asset Advisors Powered by LPL. They reported serving approximately $400 million in advisory, brokerage, and retirement plan assets and join LPL from Wells Fargo Advisors.
Located in Cheyenne, Wyo., the team has worked together for over three decades and are fourth- and fifth-generation Wyomingites.
Together, they provide comprehensive investment advice to a wide range of clients, the majority of which are in retirement. They believe every client is unique and that they “have a financial philosophy of honesty, responsiveness, and knowledge.”
“I think our approach speaks for itself. Overall, it’s a matter of having the understanding and the knowledge to structure our clients’ portfolios for the most beneficial outcomes,” said Brokaw. “To ensure happy clients, it’s all about service and communication.”
Looking to have more autonomy and flexibility, Black and Brokaw turned to LPL for the next chapter of their business. 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, dedicated marketing consultant, and other resources that allow advisers to focus on their clients.
“At the end of the day, it was the ethos of LPL and their view of us as clients, along with their commitment to supporting me and my clients, that made the move to LPL make sense for us,” said Black. “The biggest catalyst was their perspective on the relationship. I still own my relationship with the clients, but now I have increased capacity to serve them.”
Scott Posner, LPL managing director, business development, said, “We welcome Jared and Richard to the Linsco community. LPL is committed to providing flexibility and equipping advisers with sophisticated capabilities to continue to provide the best client experience. We look forward to supporting the team for years to come.”
Earlier this month, a team of 11 financial advisers from Waznik Heike Group joined LPL’s broker-dealer, registered investment adviser, and custodial platforms. They reported roughly approximately $750 million in advisory, brokerage, and retirement plan assets and joined from Osaic.
Last month, LPL announced two distinct rounds of layoffs impacting a total of 152 employees, signaling a period of organizational restructuring. The cuts include 70 positions at LPL’s main San Diego offices, set to begin Aug. 22, and an additional 82 jobs at Atria Wealth Solutions, a firm that LPL acquired last year. The latter’s layoffs began on July 4. The affected roles at LPL are largely concentrated at senior and management levels, including 25 types of vice presidents and at least seven other manager titles. Other impacted job categories span marketing, engineering, and customer service.
As of June 30, 2025, LPL supported more than 29,000 financial advisers. Total advisory and brokerage assets were $1.85 trillion.
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