LPL Financial Invites WWK Investments
CHARLOTTE, N.C., Feb. 24, 2021 (GLOBE NEWSWIRE)– LPL Financial LLC (NASDAQ: LPLA), a leading retail investment advisory company, independent broker-dealer and registered financial investment advisor (RIA) custodian, today announced that WWK Investments has signed up with LPL Financial’s broker-dealer, corporate authorized financial investment advisor (RIA) and custodial platforms. The group reported having served approximately $675 million in brokerage, advisory and retirement strategy assets *. The family company previously operated their own broker-dealer and RIA.
Tom Welch founded his brokerage service in 1974 on the premise of putting investors initially. He ran the company on his own for years till his children Dan and Jason joined business as financial advisors. They rebranded it WWK Investments upon Tom’s retirement in 1997, ultimately introducing their own RIA. Throughout the years, the Northville, Mich.-based team has actually grown to consist of consultants Tom O’Connor and Nicole Farrell, as well as a 4 member office support staff.
The group concentrates on managing retirement plans for corporations and providing customized portfolio management for high-net-worth families and individuals. “Our integrity is our biggest property, and our first and only responsibility is to assist our clients pursue their objectives through ideal investments,” said Dan Welch, firm president. “It’s been great to continue the tradition that my father began. The biggest lesson that he taught us was the value of putting our customers’ benefits first; to resolve issues, not offer products. Being independent allows us to do that.”
As the industry evolves, the group chose it was time to find a partner with scale to assist alleviate some of the compliance concerns and provide their team and clients with ingenious innovation. “We found LPL was the perfect fit, permitting us to do what we’ve been providing for decades– manage money in our customer’s best interest– along with self-clearing abilities and the capability to handle everything under one roofing system,” stated Jason Welch, firm vice president and chief compliance officer. “LPL is the biggest in the independent space, and doesn’t provide proprietary items. We are free to run our organization and help our customers as we please.”
Rich Steinmeier, LPL Financial handling director and divisional president, Company Advancement, said, “We extend a warm welcome to Dan and Jason and the whole WWK Investments group. We are honored to be their partner of choice as they raise their company and continue Tom’s legacy of doing the ideal thing for their clients. Supporting our consultants is our one and just focus, and we are dedicated to making continuous financial investments in the ingenious capabilities and resources to help them separate their practices and concentrate on what matters most to them– their clients. We eagerly anticipate a lasting collaboration with WWK Investments and wish them continued development and success.”
LPL Financial (https://www.lpl.com) is a leader in the retail monetary suggestions market, the nation’s largest independent broker-dealer ** and a leading custodian (or service provider of custodial services) to RIAs. We serve independent financial advisors, experts and banks, providing them with the technology, research, cleaning and compliance services, and practice management programs they need to develop and grow thriving practices. LPL allows them to provide objective guidance to millions of American households looking for wealth management, retirement preparation, monetary planning and possession management services.
* Based upon previous organization and represents possessions that would have been custodied at LPL Financial, instead of third-party custodians. Reported possessions and client numbers have actually not been separately and totally confirmed by LPL Financial.
** Based upon overall earnings, Financial Preparation publication June 1996-2020.
Securities and advisory services provided through LPL Financial LLC, an SEC- signed up broker-dealer and financial investment advisor. Member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are utilized to refer to authorized representatives and/or financial investment advisor agents associated with LPL Financial LLC. We regularly divulge info that may be very important to investors in the “Investor Relations” or “Press Releases” area of our site.
WWK Investments and LPL Financial are different entities.