LPL Financial Welcomes Lighthouse Private Wealth

Core Insights - Lighthouse Private Wealth has been formed by advisors DJ Totland, Christopher Meyer, and Rob Tendler, joining LPL Financial's platform, with approximately $1.1 billion in advisory, brokerage, and retirement plan assets [1][2]. Group 1: Company Formation and Background - Lighthouse Private Wealth is located in Red Bank, New Jersey, and has a combined experience of 90 years among its founding advisors, who have worked together for 20 years [2]. - The firm serves a diverse clientele, including high-net-worth individuals, small business owners, and families, utilizing a holistic approach to financial matters [2]. Group 2: Reasons for Choosing LPL Financial - The advisors chose LPL Financial for improved technology and autonomy, aiming to customize their services in an 'a la carte' manner [3][4]. - The desire to become business owners and operate independently from traditional wirehouses or regional broker-dealers was a significant factor in their decision [4]. Group 3: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,100 financial institutions, with around $1.9 trillion in brokerage and advisory assets [6]. - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to select the resources they need to succeed [6].