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LPL Welcomes Townsgate Wealth Management
LPLALPL Financial(LPLA) Newsfilter·2025-02-27 14:00

Core Insights - LPL Financial has welcomed financial advisors from Townsgate Wealth Management, who manage approximately 1.15billioninadvisory,brokerage,andretirementassets,transitioningfromWellsFargoAdvisorsFinancialNetwork[1][2][3]Group1:CompanyOverview−TownsgateWealthManagement,foundedin2016,focusesonhigh−net−worthindividuals,families,andbusinessowners,providingpersonalizedinvestmentstrategies[2]−Thefirmemphasizesafiduciaryapproach,prioritizingclientgoalsinwealthpreservation,legacybuilding,andwealthsharing[3]Group2:LPLFinancial′sPosition−LPLFinancialisrecognizedasoneofthefastest−growingwealthmanagementfirmsintheU.S.,supportingnearly29,000financialadvisorsandmanagingapproximately1.15 billion in advisory, brokerage, and retirement assets, transitioning from Wells Fargo Advisors Financial Network [1][2][3] Group 1: Company Overview - Townsgate Wealth Management, founded in 2016, focuses on high-net-worth individuals, families, and business owners, providing personalized investment strategies [2] - The firm emphasizes a fiduciary approach, prioritizing client goals in wealth preservation, legacy building, and wealth sharing [3] Group 2: LPL Financial's Position - LPL Financial is recognized as 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 assets [6] - The firm offers various advisor affiliation models, investment solutions, and technology resources, allowing flexibility for advisors to operate their businesses effectively [6]