LPL Welcomes Pilot Financial
May 22 2024 - 8:00AM
LPL Financial LLC (“LPL Financial” or “LPL”) announced today that
Pilot Financial, a large network of 105 advisors nationwide, has
joined LPL Financial’s broker-dealer, RIA and custodial platforms.
The advisors reported serving approximately $4.6 billion in
advisory and brokerage assets* and join LPL from Lincoln Financial.
“LPL is a stable partner, Fortune 500 company and leading wealth
management firm with a proven track record as a preferred service
provider for financial professionals,” Pilot Financial Partner and
Manager Chris Roney said. “This move will greatly enhance our
ability to service accounts more effectively, resulting in more
convenience for clients and easy account access at their
fingertips. Our advisors are also highly interested in the vertical
integration of LPL’s digital capabilities, along with the
flexibility to develop more personalized financial strategies.”
Headquartered in Greensboro, N.C., Pilot Financial’s history can
be traced back to the turn of the 20th century when three small
firms — Pilot Life Insurance, Lincoln National Life Insurance and
Jefferson Standard Life Insurance — began to put their marks on the
financial services industry. After a series of mergers, Pilot
Financial was founded in 2001 to support entrepreneurial-minded
independent advisors with strategic planning, coaching, compliance
and administrative assistance to help them succeed. In addition to
Roney, the firm is led by Partners Greg Smith, Daryl E. King and
Bill Harnden.
The Pilot leadership team’s due diligence process led them to
LPL, which “checked all the boxes” for what they were looking for
in a new wealth management firm, including strategic business
resources, marketing capabilities and a dedicated customer service
team. They plan to further expand their footprint across the nation
as they build the team and attract new clients.
“We are looking to grow our network thoughtfully and believe
that working with LPL puts us on a better trajectory to attract
like-minded, quality advisors to Pilot Financial,” Smith said.
“This industry is built on relationships, and we have a wonderful
culture here where we wrap our arms around every single advisor in
the Pilot family to support them and make it easier for them to do
business. This move is the next step in that commitment to their
success.”
Scott Posner, LPL executive vice president, Business
Development, said, “Pilot Financial is a highly successful firm
with a rich history and advisor-centric culture, and it is an honor
to be their choice for enhanced services and strategic support as
they seek new ways to deliver more value to their clients. We will
continue to invest in our platform and provide flexible solutions
to help firms design the perfect offering for their business and
clients. We look forward to supporting Pilot Financial’s growth and
success for generations to come.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that the firm 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. Pilot Financial 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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