SAN DIEGO, Aug 25, 2021 (GLOBE NEWSWIRE) – LPL Financial LLC (Nasdaq: LPLA) announced today that financial advisors Jason Sherr and Merrick Nguyen have established a new independent practice, StrateFi Wealth Management, by joining LPL Financial’s Strategic Wealth , founded the Services (SWS) model that is tailored to the specific needs of breakaway consultants. The consultants said they served around $ 235 million in advisory, brokerage, and retirement assets *. You join LPL from Wells Fargo Advisors.
Sherr and Nguyen are long-time colleagues who met through the Orange County CAL (UC Berkeley) Alumni Club. They joined their practice about 10 years ago when Sherr wanted to expand his team and Nguyen was looking for growth opportunities. With the assistance of Kim Burdeaux-Neal, Director of Client Relations, they take a team approach to their mission of providing comprehensive financial services and investment advice to help clients grow and maintain their wealth and pass their wealth on to future generations.
The team, based in Irvine, California, and Reno, Nevada, serves a diverse customer base of around 160 households *. Your goal is to control what is controllable, Sherr said. “We cannot control the markets, but we can control how assets are diversified, what to invest in portfolios and other strategies to guide our clients through the complex financial landscape,” said Sherr.
When starting their new practice, it was important for the consultants to find a name that embodied the essence of their firm. “We have chosen to combine the words ‘strategy’ and ‘financial independence’, which represents our strategic approach, our mission and our ultimate goal to help our customers achieve financial independence and lead the life of their choice” said Nguyen.
The consultants strategically planned their step into independence. “It wasn’t ‘when’ but ‘when’ we became independent because we want this to be our last step,” said Sherr. You have chosen to partner with LPL Strategic Wealth Services because of the combination of innovative technology and ongoing management support. They also appreciate that the Breakaway solution removes the constraints of red tape and allows them to serve their customers and grow the business at their own discretion.
The story goes on
With LPL Strategic Wealth Services, you start off the ground on the first day
“With the SWS model, we have the technology, support and resources to really get started on day one,” said Nguyen. “Our primary goal is to offer our customers improved services. We understand that time is something that you can never get back. With the support of the SWS team, we have more time to get in touch with customers, analyze their portfolios and really offer them a differentiated experience. “
All SWS teams have access to LPL’s integrated wealth management platform and the sophisticated resources necessary to run a successful practice, as well as an additional level of continuous, personalized support for day-to-day operations and long-term business management. Right from the start, SWS bridged the transition to independence by providing dedicated startup support including real estate construction, branding, technology setup and HR services. After the transition, the value of the SWS model shifts to continued strategic, administrative, marketing and CFO support that allows consultants to focus on their clients’ ongoing needs, culture and development of their practice.
Scott Posner, LPL Executive Vice President, Business Development, said, “We warmly welcome Jason, Merrick and Kim and are honored that they turned to LPL on their journey to independence. As you begin this exciting next chapter of your business, we’ll be with you every step of the way. We strive to be their long-term partner by providing robust resources, innovative skills, and business solutions that help them personalize their practice, create value with customers, and win in the markets they serve. We look forward to a long-term collaboration with StrateFi Wealth Management. “
Learn more about StrateFi Wealth Management. Read about other companies that have recently joined LPL in the LPL Financial News and Media section of LPL.com.
Consultant, find an LPL business development representative near you.
About LPL Financial:
LPL Financial (Nasdaq: LPLA) was founded on the principle that the company should work for the advisor, not the other way around. Today, LPL is a leader ** in the markets we serve, supporting more than 19,000 financial advisors, 800 institutional investment programs and 450 independent RIA firms nationwide. We are firmly committed to the advisor-centric model and believe that Americans deserve access to objective advice from a financial advisor. At LPL, independence means consultants have the freedom they deserve to choose the business model, services, and technology resources that will enable them to run their perfect practice. And they have the freedom to manage their customer relationships because they know their customers best. Simply put, we take care of our advisors so they can take care of their clients.
* Based on previous transactions and represents assets that would have been held with LPL Financial and not with third party custodians. The reported assets and customer numbers have not been independently and fully verified by LPL Financial.
** Top RIA Custodian (Cerulli Associates, US RIA Marketplace Report 2019); # 1 Independent Broker-Dealer in the US (Based on Total Revenue, Financial Planning Journal June 1996-2021); No. 1 provider of third-party brokerage services for banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 from June 2021
Securities and advisory services offered by LPL Financial LLC, a SEC registered broker-dealer and investment advisor. Member of FINRA / SIPC.
In this release, the terms “financial advisor” and “advisor” are used to refer to registered agents and / or agents of investment advisors associated with LPL Financial LLC. We regularly post information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
StrateFi Wealth Management and LPL Financial are separate entities.
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Media contact:
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