11.15.23
LPL Introduces Affiliation for Advisors Targeting Wealthy Investors
by: Gregg Greenberg
LPL Financial announced the launch of LPL Private Wealth Management, an affiliation program for advisors catering to wealthy clients. Gary Carrai, LPL’s executive vice president for advisor business lines, said that high-net-worth-focused advisors at wirehouses “generally have lower payouts and a lack of freedom, and they want more options,” which is why LPL rolled out the new model. “Unlike our competitors, with the LPL Private Wealth offering, these advisors can get the best of both worlds: exclusive access to specialized teams and resources vital to supporting the needs of high-net-worth investors while enjoying all the flexibility of independence.”
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