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LPL Financial Welcomes Southwest Advisory Group to Linsco Channel
LPLALPL Financial(LPLA) GlobeNewswire·2025-02-12 13:55

Core Insights - LPL Financial LLC announced the addition of financial advisors Steve Schulte and Melissa Toler Short to its employee advisor channel, Linsco by LPL Financial, where they will launch Southwest Advisory Group, managing approximately 300millioninadvisory,brokerage,andretirementplanassets[1][8]Group1:Advisors′BackgroundandExperience−SteveSchultehas25yearsofexperienceinfinancialguidanceandwealthmanagement,transitioningfromaninitialcareerinagriculture[2]−MelissaTolerShortmovedtofinancialservicesfromthehospitalityindustryin2006,andbothadvisorsformedapartnershipaftermeetingattheirlocalRotaryClub[2]Group2:ReasonsforJoiningLPL−TheadvisorschoseLinscobyLPLforitsindependence,allowingthemtoownclientrelationshipsandoperatetheirpracticeflexibly[4]−SchulteemphasizedthatLPL′scommitmenttoadvisorsupportandlackofcorporateinfluencemakesitanidealpartnerforenhancingtheirpractice[5]−ShortnotedthatLPLprovidesampletoolsandresourcestostrengthenadvisor−clientrelationships,enablingthemtofocusonclientserviceandbusinessgrowth[5]Group3:CommunityInvolvement−Bothadvisorsareactivelyinvolvedintheircommunity,withlong−termmembershipsinRotaryInternationalandtheYumaElkLodge,highlightingtheircommitmenttocommunityservice[5]Group4:LPLFinancialOverview−LPLFinancialisoneofthefastest−growingwealthmanagementfirmsintheU.S.,supportingnearly29,000financialadvisorsandmanagingapproximately300 million in advisory, brokerage, and retirement plan assets [1][8] Group 1: Advisors' Background and Experience - Steve Schulte has 25 years of experience in financial guidance and wealth management, transitioning from an initial career in agriculture [2] - Melissa Toler Short moved to financial services from the hospitality industry in 2006, and both advisors formed a partnership after meeting at their local Rotary Club [2] Group 2: Reasons for Joining LPL - The advisors chose Linsco by LPL for its independence, allowing them to own client relationships and operate their practice flexibly [4] - Schulte emphasized that LPL's commitment to advisor support and lack of corporate influence makes it an ideal partner for enhancing their practice [5] - Short noted that LPL provides ample tools and resources to strengthen advisor-client relationships, enabling them to focus on client service and business growth [5] Group 3: Community Involvement - Both advisors are actively involved in their community, with long-term memberships in Rotary International and the Yuma Elk Lodge, highlighting their commitment to community service [5] Group 4: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and managing approximately 1.7 trillion in brokerage and advisory assets for around 6 million Americans [8]