LPL Recruits Three Teams Managing $725M From Wells Fargo, MML
LPL Financial LLC added three financial adviser teams in early July collectively overseeing about $725 million in client assets, as advisers from Wells Fargo, Wells Fargo Advisors, and MML Investors Services moved to the firm’s independent and broker-dealer platforms.
In Sacramento, Calif., husband-and-wife advisers Doug Haskin and Jenny Haskin launched a new independent practice, Haskin Private Wealth Advisors, through LPL Independent Advisor Network. The team reported about $170 million in advisory, brokerage, and retirement plan assets and joined LPL from Wells Fargo. Michael Graham, a former Wells Fargo banker, is joining the team as a registered administrative associate, and the firm plans to add a full-time office administrator in the coming weeks.
“Our goal is to provide every client with a thoughtful, personalized financial plan, focusing on each client and their needs,” Doug Haskin said. “We take the time to understand the full picture — whether that begins with one account or a broader financial plan — and work alongside our clients to build strategies designed to support their long-term financial goals.”
“Moving to independence allows us to focus entirely on our clients without the constraints of sales quotas or proprietary limitations,” Jenny Haskin said. “LPL stood out for its scale, resources and flexibility, giving us the ability to choose the solutions that best serve our clients and grow our business in the way we envision.”
Outside Orlando, Fla., Brian Lubel affiliated his existing practice, Cypress Point Wealth Partners, with LPL Independent Advisor Network. Lubel reported about $175 million in assets and joins LPL from MML Investors Services. He is supported by an associate financial adviser and two client services specialists.
“We pride ourselves on being planning-focused and client-centered,” Lubel said. “Our goal is to build meaningful relationships, understand what matters most to our clients and deliver guidance that supports their long-term financial goals.”
“LPL’s scale, technology and forward-looking capabilities — particularly in areas like AI and practice management — will help streamline my business and position us for continued growth,” Lubel said.
Separately, David Logsdon joined LPL’s broker-dealer and registered investment adviser platform. Based in Sun Valley, Idaho, Logsdon is the founder of Summit Ridge Financial Advisors and reported about $380 million in assets. He joins LPL from Wells Fargo Advisors along with wealth management client associate Cecilia Moran. Logsdon has 30 years of industry experience serving individuals, families, nonprofit organizations, and small businesses, with clients spanning more than a dozen states.
“I’ve always believed that effective wealth management starts with gaining a full understanding of a client’s financial picture and translating that into strategies that align with their goals,” Logsdon said. “By taking a comprehensive approach and focusing on each client’s unique situation, I’m able to deliver tailored guidance that evolves alongside their needs and supports their long-term journey.”
LPL chief growth officer Marc Cohen welcomed each of the advisers in separate statements. “We welcome Doug and Jenny to LPL,” he said of the Haskins. “Their commitment to comprehensive planning and building lasting client relationships aligns with LPL’s purpose to empower advisers with the independence, technology and support needed to deliver personalized financial guidance.”
Of Lubel, Cohen said, “His commitment to planning-focused, client-centered advice aligns with LPL’s purpose to empower advisers with the independence, technology and support they need to run thriving practices.”
Of Logsdon, Cohen said the adviser “exemplifies the kind of comprehensive, client-first advice that LPL was built to support.”
In late June, LPL added two adviser teams managing a combined $660 million in assets, as Tribute Financial joined the broker-dealer and RIA 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.
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.
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