LPL Financial Welcomes Salient Wealth Planning Group

Core Insights - LPL Financial LLC has welcomed four financial advisors who collectively manage approximately $1 billion in advisory, brokerage, and retirement plan assets, transitioning from Osaic to LPL Financial [1][6]. Group 1: Company Overview - LPL Financial Holdings Inc. is recognized as one of the fastest-growing wealth management firms in the U.S., supporting over 28,000 financial advisors and approximately 1,200 financial institutions [6]. - The firm services and custodies around$1.8 trillion in brokerage and advisory assets for about 6 million Americans, offering a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services [6]. Group 2: Advisors' Background - John P. Schlatter, the founder of Salient Wealth Planning Group, emphasizes customized investment strategies, financial planning, and wealth preservation services, focusing on tax efficiency and generational wealth transfer [2][3]. - The advisors adopt an interdisciplinary approach to ensure comprehensive coordination and review of each client's financial situation, primarily serving high-net-worth clients [2][3]. Group 3: Strategic Partnership with LPL - The Salient team chose LPL for its advanced capabilities and commitment to exceptional customer service, highlighting the importance of a stable partner for their business [3][4]. - LPL's significant investment in technology, approximately $500 million in 2024, is appreciated by the advisors for enhancing their service offerings and operational efficiency [4]. - LPL aims to support the advisors' vision by providing elevated services and integrated technology to help them remain competitive in the evolving wealth management landscape [4].