Burlwood Wealth Launches With Support From LPL Strategic Wealth Services
May 06 2024 - 8:00AM
LPL Financial LLC announced today that financial advisor Matt
Sheffield has launched a new independent practice, Burlwood Wealth,
through affiliation with LPL Financial’s supported independence
model, LPL Strategic Wealth Services. He reported having served
approximately $275 million in advisory, brokerage and retirement
plan assets* and joins LPL from UBS.
After beginning his career in Silicon Valley, followed by a
brief stint in medical sales, Sheffield recognized his calling as a
financial advisor in 2005. He said it was the perfect job to
combine his skillset in critical thinking with his passion for
relationship building and making connections.
“I love the intellectual challenge of investing, and I enjoy
seeing people fulfill their plans in retirement while enjoying
their hard-earned capital,” said Sheffield, who works primarily
with physicians, attorneys, small business owners and widows. “I
take a comprehensive approach to investment management, working
closely with centers of influence to help clients understand their
entire financial situation and invest according to their unique
timelines.”
Based in Spokane, Wash., Sheffield is an amateur woodworker who
enjoys creating unique and beautiful pieces. Burl is the part of a
wood that often evokes emotions through its distinctive grain
pattern, which is why Sheffield named the practice Burlwood Wealth
to represent the personalized services he delivers to each
client.
“After 15 years working for a very large bank, I wanted a sense
of ownership in my practice and the freedom to call my own shots,”
said Sheffield, who is joined by Client Services Specialist Kayla
Randall. “At LPL, independence isn’t a slogan. It’s built into the
DNA of the whole platform. I’m looking forward to continuing the
processes that have made my practice successful, while also
delivering more seamless, personalized experiences.”
In going independent, Sheffield turned to LPL Strategic Wealth
Services (SW), which combines the freedom and flexibility of
entrepreneurship with hands-on business services and support to
help practices thrive, both operationally and strategically. In
addition to having access to LPL’s innovative wealth management
platform and sophisticated resources, SW advisors benefit from a
truly integrated service that includes simplified pricing,
technology and dedicated support to launch their practice. Then,
after the transition is complete, SW teams receive ongoing
operations support managed by their team of experienced
professionals including a business strategist, marketing partner,
CFO and administrative assistant. Advisors have one point of
contact, a dedicated team and priority access to advocacy and
project management for complex business issues, ultimately allowing
them to stay focused on the enduring needs of their clients and the
culture and evolution of their practice.
“The Strategic Wealth platform has all of the solutions built
for advisors like me with a large practice, high account sizes,
complex financial situations and more involved estates,” Sheffield
said. “I’m excited to tap into a dedicated team of specialists who
can help out behind the scenes so I can focus on providing advice
and guiding clients through difficult markets.”
Scott Posner, LPL Executive Vice President, Business
Development, said, “It’s an honor to welcome Matt to the LPL
community. We congratulate him on the launch of his independent
practice where he can create differentiated experiences for clients
and operate on his own terms. As always, we are committed to
delivering strategic solutions designed to meet advisors where they
are in designing the vision of their perfect practice, providing
them with choice and flexibility in how they manage and evolve
their business. We look forward to a long-lasting relationship with
Burlwood Wealth.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and institutions, and not the other way around. Today,
LPL is a leader in the markets we serve, serving nearly 23,000
financial advisors, including advisors at approximately 1,100
institutions and at approximately 570 registered investment advisor
("RIA") firms nationwide. We are steadfast in our commitment to the
advisor-mediated model and the belief that Americans deserve access
to personalized guidance from a financial professional. At LPL,
independence means that advisors and institution leaders have the
freedom they deserve to choose the business model, services and
technology resources that allow them to run a thriving business.
They have the flexibility to do business their way. And they have
the freedom to manage their client relationships, because they know
their clients best. Simply put, we take care of our advisors and
institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial
LLC ("LPL Financial"), a registered investment advisor. Member
FINRA/SIPC. LPL Financial and its affiliated companies provide
financial services only from the United States. Burlwood Wealth and
LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors”
and “advisors” are used to refer to registered representatives
and/or investment advisor representatives affiliated with LPL
Financial.
We routinely disclose information that may be important to
shareholders in the "Investor Relations" or "Press Releases"
section of our website.
*Value approximated based on asset and holding details provided
to LPL from end of year, 2023.
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