Three Advisors Join LPL Financial to Launch Consilium Wealth in Tucson
By Staff
Three financial advisors have joined LPL Financial’s broker-dealer and registered investment adviser platform to launch Consilium Wealth, a new practice based in Tucson, Ariz., serving primarily retired and retiring university professors.
Stephen Horvath, Brady Doe and David Hermann reported managing more than $250 million in advisory, brokerage and retirement plan assets at their previous firms as of year-end 2025. Horvath and Doe join LPL from Cambridge Investment; Hermann comes from First Heartland Capital.
The team has nearly 60 years of combined industry experience. Educators represent the majority of Consilium Wealth’s client base, with additional clients drawn from referrals through the academic community. The practice focuses on multi-generational financial planning, including wealth transfer, tax reduction strategies and charitable giving.
“LPL stood out for its robust investment research department, extended support hours through its West Coast headquarters and the simplicity of its combined clearing and broker-dealer model,” said Horvath. “These advantages will strengthen our ability to operate efficiently and better serve our clients.”
Scott Posner, managing director of business development at LPL, said the firm was pleased to welcome Consilium Wealth and that its service model aligns with LPL’s focus on advisor independence.
LPL Financial (Nasdaq: LPLA) supports more than 32,000 financial advisors and approximately 1,200 financial institutions, with roughly $2.4 trillion in brokerage and advisory assets.
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