CHARLOTTE, North Carolina, Sept. 13, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC today announced that Kelly Wealth Advisors has launched LPL’s employee advisor model, Linsco by LPL Financial. Kelly Wealth Advisors said it served nearly $300 million in advisory, brokerage and pension assets*, and joined LPL from Wells Fargo.
Led by father and daughter Tom and Maureen Kelly, the team also includes Marla Scott in a customer service support role. They operate out of Lynnwood, Washington, located just north of Seattle. Founder Tom Kelly grew up in the North West and built his practice on the foundation of personal investment services to his clients throughout the local community. Kelly Wealth Advisors has followed this tradition by building meaningful relationships and continuing to provide clients with personalized service and value.
“I actually started my career in financial services at a local community bank,” Tom said. “I registered and ran the brokerage business for the bank’s investment services division for many years. Looking back, it’s refreshing to know that many of those early days customers remain customers today, along with other family members. »
Multigenerational practice builds on these community relationships. The team works with many local families to help them build their portfolios of financial wealth and determine the best way to pass it on to their families. “Assets are passed down from generation to generation, so we work with grandparents, parents and children, all at the same time,” added Tom.
Why the switch to Linsco from LPL
Kelly Wealth Advisors began looking for a different platform to run their business to better serve their clients. As a broker-centric company, LPL offers the Kellys the opportunity to realize the fundamentals of independence such as client ownership and the flexibility to run their practice in their own way, without having to endure operational complexities such as real estate, benefits, compliance and HR.
“We are very forward-thinking and believe that LPL’s next-level technology will dramatically improve our practice,” said Maureen Kelly. “We look forward to working with Linsco by LPL as the people, technology and service are superb.”
Scott Posner, LPL’s Executive Vice President, Business Development, added, “We are delighted to welcome Tom, Maureen and Marla to LPL. Our integrated technology platforms are designed to help businesses like yours deliver the kind of seamless, personalized digital experiences that can help them and their customers thrive in future generations. We look forward to seeing how they use LPL’s technology, marketing solutions and other holistic services to build their practice of the future.
Learn more about Kelly Wealth Advisors from LPL Financial.
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About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the business should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve,** supporting nearly 21,000 financial advisors, and approximately 1,100 institutional investment programs and 500 independent RIA firms nationwide. We are unwavering in our commitment to the advisor-centric model and the belief that Americans deserve access to personalized advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that allow them to run their practice perfectly. And they have the freedom to manage their relationships with their customers because they know their customers best. Simply put, we take care of our advisors, so they can take care of their clients.
*Approximate value based on details of assets and holdings provided to LPL from year-end 2021.
** Best RIA Custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent brokerage in the United States (based on total revenue, Financial Planning magazine 1996-2021); #1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 company since June 2021. LPL and its affiliates provide financial services only from the United States.
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