LPL Financial and the financial services network Welcome

CHARLOTTE, NC, June 09, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) today announced that Encore Capital Management has joined the Registered Investment Dealer and Investment Advisor (RIA) model ) from LPL Financial, aligning with The Financial Services Network, an existing firm that supports LPL-affiliated advisors. Encore Capital advisers reported serving approximately $205 million in advisory, brokerage and pension plan assets*. They come from Wells Fargo Advisors.

Through a practical and personalized approach, Encore Capital Management strives to demystify investing, insurance, estate planning and wealth preservation for its clients, which include high net worth individuals, business owners and families. . Based in Glendale, Calif., the team is led by Managing Partners and Co-Founders Ara Mekhitarian, CFP, CIMA, and Leonardo Aguilar, CIMA, and supported by Executive Director Amanda Aguilar, CFP.

Driven by the desire to better support their clients in an evolving financial landscape, Mekhitarian and Aguilar, partners for more than 10 years, turned to LPL and The Financial Services Network. “Given the current state of the market, we felt it was imperative to make this decision now in order to have access to comprehensive resources for our clients,” Mekhitarian said. “By aligning with LPL, we are able to adopt a single, integrated desktop that will enable us to deliver an enhanced customer experience.”

“We see ourselves as partners for our customers,” added Aguilar. “By aligning with The Network, we will benefit from concierge-level support that will free up our time to focus on our clients and their financial plans.”

Christopher Mercado, Managing Partner and Chief Investment Strategist at The Financial Services Network, said, “We are delighted to welcome Encore Capital Management to The Financial Services Network and look forward to supporting them as they embark on this new chapter. Ara and Leonardo share over 50 years of financial services experience and I’m confident they will be a great addition to our community of advisors.

Scott Posner, LPL’s Executive Vice President, Business Development, said, “We applaud The Network for adding two quality advisors to its team. The dedication of the Encore Capital team to its clients is inspiring, and we remain committed to providing them with the support and services they need to run their practice seamlessly. We are honored that Ara, Leonardo and Amanda recognized our abilities and look forward to a lasting relationship with their team.

Advisors, find aLPL business development managernear you.

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 more than 20,000 financial advisors, approximately 800 institutional investment programs and approximately 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 asset and holding details provided to LPL as of year 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 as of June 2021. LPL and its affiliates provide financial services only from the United States.

Securities and advisory services offered by LPL Financial LLC, an SEC-registered broker-dealer and investment adviser. FINRA/SIPC member.

Throughout this communication, the terms “financial advisers” and “advisors” are used to refer to registered representatives and/or representatives of investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Encore Capital Management, The Financial Services Network and LPL Financial are separate entities.

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