LPL Financial Adds Ex-RBC Team Serving $1.1B in Assets
Financial advisers DJ Totland and Christopher Meyer, with support from Rob Tendler and the Harbor Lights Financial Group team – an existing firm which re-affiliated with LPL Financial in September 2024 – have come together to form Lighthouse Private Wealth. The practice joins LPL Financial’s broker-dealer and registered investment adviser platform. They reported serving approximately $1.1 billion in advisory, brokerage and retirement plan assets, and join LPL from RBC.
Located in Red Bank, N.J., within the metropolitan New York area, Totland, Meyer and Tendler have worked together for 20 years. They serve a range of clients, including high-net-worth individuals, small business owners, and families.
“[Chris and I] act as fiduciaries to our clients and we are proud that we have achieved the [certified financial planner] designation,” said Totland. “We collaborate on all client meetings and work in tandem. This gives us a 10,000-foot view of things that are going on in our business. Having two minds approach issues is our differentiator as we can complement each other.”
Looking for improved technology and autonomy, the leadership of Lighthouse Private Wealth said they turned to LPL to start their new chapter.
“We are excited about being able to customize and use specific technology in an ‘a la carte’ fashion. LPL is one of the biggest players in this area now and has shown that they are among the best. Also, after always working for a wirehouse or regional broker-dealer, we wanted to become our own bosses. The most important thing to us was being our own business owners and being able to run a business the way we want to run it,” said Meyer.
“LPL extends a warm welcome to the team and congratulates them on the launch of Lighthouse Private Wealth,” said Scott Posner, managing director of business development. “At LPL, we understand that advisers are looking for sophisticated capabilities and the autonomy to build and grow their practice according to their unique vision. We look forward to supporting DJ, Chris, Rob and their vision for years to come.”
LPL Financial recently landed other high-asset firms. The partners of Tennant Financial onboarded in late September, joining from Northwestern Mutual, and serving approximately $1.3 billion in advisory, brokerage and retirement plan assets. Earlier in the month, a team with $1.25 billion in assets joined LPL from UBS, launching Ox Road Capital.
LPL’s total advisory and brokerage assets at the end of August were $2.26 trillion, an increase of $324.1 billion, or 16.7%, compared to the end of July 2025, partially due to the successful closing of its Commonwealth acquisition.
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