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LPL Welcomes Lewellyn Wealth
LPLALPL Financial(LPLA) GlobeNewswire·2025-01-08 14:00

Company Overview - LPL Financial LLC announced the addition of father and son financial advisors Bart Lewellyn and Alex Lewellyn to its broker-dealer, RIA, and custodial platforms [1] - The Lewellyns reported serving approximately 320millioninadvisory,brokerage,andretirementplanassets[1]−TheyjoinedLPLfromOsaicandrebrandedtheirpracticefromLewellynFinancialManagementtoLewellynWealth[4]BusinessModelandServices−BartLewellynestablishedthefirmin1995tohelpclientsaccumulatewealthandinvestassetsinagoal−orientedmanner[2]−AlexLewellynjoinedthefirmin2012,andtogethertheyprovideinvestmentservices,retirementplanning,insurancestrategies,andcomplexplanningservices[2]−Theirclientbaseincludeslinemanengineers,businessowners,andmultigenerationalfamilies[2]−TheLewellynsprioritizeprovidingclientswithacomprehensiveunderstandingofinvestmentoptionsandfocusonthosewiththegreatestpotentialforsuccess[3]StrategicTransitiontoLPL−TheLewellynschoseLPLafteranextensiveduediligenceprocess,seekingindependence,discretion,andtheabilitytooperateintheirclients′bestinterests[4]−LPLoffersinnovativetechnology,support,andflexiblesolutions,whichalignwiththeLewellyns′commitmenttohigh−levelclientservice[4]−ScottPosner,LPLExecutiveVicePresident,emphasizedLPL′svisiontosupportadvisorsinmaximizingtheirsuccessandbuildingstrongerclientconnections[4]IndustryContext−LPLFinancialHoldingsIncisoneofthefastest−growingwealthmanagementfirmsintheUS,supportingover28,000financialadvisorsandapproximately1,200financialinstitutions[6]−Thefirmservicesandcustodiesapproximately320 million in advisory, brokerage, and retirement plan assets [1] - They joined LPL from Osaic and rebranded their practice from Lewellyn Financial Management to Lewellyn Wealth [4] Business Model and Services - Bart Lewellyn established the firm in 1995 to help clients accumulate wealth and invest assets in a goal-oriented manner [2] - Alex Lewellyn joined the firm in 2012, and together they provide investment services, retirement planning, insurance strategies, and complex planning services [2] - Their client base includes lineman engineers, business owners, and multigenerational families [2] - The Lewellyns prioritize providing clients with a comprehensive understanding of investment options and focus on those with the greatest potential for success [3] Strategic Transition to LPL - The Lewellyns chose LPL after an extensive due diligence process, seeking independence, discretion, and the ability to operate in their clients' best interests [4] - LPL offers innovative technology, support, and flexible solutions, which align with the Lewellyns' commitment to high-level client service [4] - Scott Posner, LPL Executive Vice President, emphasized LPL's vision to support advisors in maximizing their success and building stronger client connections [4] Industry Context - LPL Financial Holdings Inc is one of the fastest-growing wealth management firms in the US, supporting over 28,000 financial advisors and approximately 1,200 financial institutions [6] - The firm services and custodies approximately 1.8 trillion in brokerage and advisory assets on behalf of 6 million Americans [6] - LPL provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services [6] Media and Contact Information - Media contact details for LPL Financial are provided, including an email address and phone number [9]