Air Capital Wealth Management Launches with LPL Financial

Core Insights - LPL Financial LLC has announced the launch of a new independent practice, Air Capital Wealth Management, by financial advisors Michael Caffrey, Derek Keller, and Gabriel Parham, who have transitioned from Merrill Lynch and collectively manage approximately $685 million in advisory, brokerage, and retirement plan assets [1][2][8] Group 1: Company Overview - Air Capital Wealth Management is based in Wichita, Kansas, and aims to provide personalized financial strategies to a diverse client base, including professionals from various fields such as medicine, engineering, and education [2][3] - The team emphasizes a commitment to building deep relationships with clients and simplifying financial complexities to help them achieve their goals [3][4] Group 2: Business Model and Support - The advisors chose LPL's Strategic Wealth Services for its supported independence model, which offers flexibility and resources to help them make their own business decisions while providing comprehensive services [4][6] - LPL Financial provides an integrated service model that includes simplified pricing, technology, and dedicated support, allowing advisors to focus on client needs and business growth [4][5] Group 3: Community Engagement - The advisors are actively involved in their local community, supporting various organizations and initiatives, and plan to expand their local presence by utilizing Wichita-based vendors [5][6] Group 4: LPL Financial's Position - LPL Financial is a leading firm serving over 23,000 financial advisors and emphasizes the importance of independence for advisors to manage client relationships effectively [6][8] - The firm is committed to supporting the full lifecycle of advisors' businesses, ensuring they have the necessary tools and resources to thrive [6]