LPL Financial Invites WWK Investments
CHARLOTTE, N.C., Feb. 24, 2021 (GLOBE NEWSWIRE)– LPL Financial LLC (Nasdaq: LPLA), a leading retail financial investment advisory company, independent broker-dealer and registered financial investment consultant (RIA) custodian, today revealed that WWK Investments has joined LPL Financial’s broker-dealer, business authorized investment consultant (RIA) and custodial platforms. The group reported having actually served roughly $675 million in brokerage, advisory and retirement plan properties *. The family company previously ran their own broker-dealer and RIA.
Tom Welch founded his brokerage company in 1974 on the property of putting investors first. He ran the firm on his own for decades till his children Dan and Jason joined business as monetary consultants. They rebranded it WWK Investments upon Tom’s retirement in 1997, eventually introducing their own RIA. Over the years, the Northville, Mich.-based group has actually grown to include consultants Tom O’Connor and Nicole Farrell, in addition to a 4 member office assistance personnel.
The group concentrates on managing retirement plans for corporations and providing tailored portfolio management for high-net-worth families and individuals. “Our stability is our greatest asset, and our first and only responsibility is to help our customers pursue their objectives through ideal financial investments,” stated Dan Welch, firm president. “It’s been excellent to continue the legacy that my dad started. The most significant lesson that he taught us was the importance of putting our clients’ best interests first; to solve problems, not sell products. Being independent permits us to do that.”
As the industry progresses, the team chose it was time to find a partner with scale to assist alleviate a few of the compliance problems and supply their group and clients with ingenious technology. “We found LPL was the perfect fit, enabling us to do what we have actually been doing for decades– manage money in our customer’s best interest– in addition to self-clearing capabilities and the capability to handle whatever under one roof,” stated Jason Welch, firm vice president and chief compliance officer. “LPL is the largest in the independent space, and doesn’t offer exclusive items. We are complimentary to run our company and assist our customers as we see fit.”
Rich Steinmeier, LPL Financial handling director and divisional president, Organization Development, said, “We extend a warm welcome to Dan and Jason and the entire WWK Investments team. We are honored to be their partner of choice as they elevate their business and continue Tom’s legacy of doing the ideal thing for their customers. Supporting our advisors is our one and just focus, and we are committed to making continuous investments in the innovative capabilities and resources to assist them differentiate their practices and concentrate on what matters most to them– their customers. We anticipate a long-lasting partnership with WWK Investments and wish them continued growth and success.”
LPL Financial (https://www.lpl.com) is a leader in the retail monetary suggestions market, the nation’s biggest independent broker-dealer ** and a leading custodian (or supplier of custodial services) to RIAs. We serve independent monetary advisors, specialists and monetary organizations, supplying them with the innovation, research, cleaning and compliance services, and practice management programs they need to develop and grow thriving practices. LPL enables them to offer objective assistance to countless American families seeking wealth management, retirement preparation, financial planning and possession management options.
* Based upon previous company and represents possessions that would have been custodied at LPL Financial, rather than third-party custodians. Documented possessions and customer numbers have not been separately and fully verified by LPL Financial.
** Based on total revenues, Financial Preparation publication June 1996-2020.
Securities and advisory services provided through LPL Financial LLC, an SEC- signed up broker-dealer and investment consultant. Member FINRA/SIPC.
Throughout this communication, the terms “financial consultants” and “consultants” are utilized to refer to authorized agents and/or financial investment consultant representatives connected with LPL Financial LLC. We regularly disclose information that may be essential to shareholders in the “Investor Relations” or “Press Releases” area of our site.
WWK Investments and LPL Financial are different entities.