CHARLOTTE, NC, April 26, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) today announced that financial advisor Michael Gavett has joined LPL, joining Linsco by LPL, the model of advising company employees. He will be the first counselor in a new Dallas-based Linsco office. Gavett said he served approximately $265 million in advisory, brokerage and pension plan assets* and joined LPL from B. Riley Wealth Management.
With nearly 25 years of industry experience, Gavett has built his business from the ground up by providing individuals, executives and small business owners with personalized financial plans, financial education and investment advice. “My business is high touch and very direct to help clients understand and get a good perspective on the strategies we put in place to help them achieve their financial goals,” he said.
Gavett said his call to help people, coupled with his commitment to operating in the best interests of clients, led him to launch LPL Financial’s Bespoke Private Wealth. “The industry is changing dramatically and rapidly, and it was important for me to be part of a leading wealth management firm with a wide variety of innovative resources,” said Gavett.
Video: Meet Michael Gavett
After extensive research, Gavett turned to Linsco by LPL, which offers brand autonomy and the freedom to run your business on your own terms without the demands of business operations. With access to LPL’s integrated wealth management platform and innovative resources, Linsco advisors are equipped with the tools they need to create differentiated experiences for clients. In addition to this, Linsco advisors receive comprehensive turnkey support that includes a dedicated marketing consultant, administrative professional services and an experienced branch management team to help support their goals and strategy.
“LPL’s freelance channel is very comprehensive and robust, and the employee model resources allow me to have dedicated support so I can focus on supporting my clients,” Gavett said. “I am also excited about the improved platform for my customers. With Account View, they’ll have a complete overview of their entire financial picture, with goal-setting capabilities and easy-to-read statements, all in one place.
With the launch of LPL Financial’s Bespoke Private Wealth, LPL will open a new Linsco office in Dallas. The office will accommodate several more advisors in the future and is expected to become one of Linsco’s largest sites.
Scott Posner, LPL’s Executive Vice President, Business Development, said, “We congratulate Mike on the launch of his new firm and are delighted to welcome him to the LPL community. We’re deeply committed to understanding what advisors need to succeed, and then investing and innovating to deliver solutions that enable them to thrive. By offering a range of affiliate models, with innovative technology, robust resources and practice management support, we aspire to make it easier for financial advisors to create, grow and scale a practice that meets the needs of their customers. We are delighted to expand our Linsco presence in Dallas and look forward to supporting LPL Financial’s Bespoke Private Wealth for years to come.
Find out more about LPL Financial’s tailor-made private wealth | www.bpw.lpl.com
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About LPL Financial:
LPL Financial (Nasdaq: LPLA) was founded on the principle that the business should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve,** supporting nearly 20,000 financial advisors, and approximately 800 institutional investment programs and 500 independent RIA firms nationwide. We are unwavering in our commitment to the advisor-centric model and the belief that Americans deserve access to personalized advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that allow them to run their practice perfectly. And they have the freedom to manage their relationships with their customers because they know their customers best. Simply put, we take care of our advisors, so they can take care of their clients.
** Best RIA Custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent brokerage in the United States (based on total revenue, Financial Planning magazine 1996-2021); #1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliates provide financial services only from the United States.
*Approximate value based on assets and holding details provided to LPL as of year 2021
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Throughout this communication, the terms “financial advisers” and “advisors” are used to refer to registered representatives and/or representatives of investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
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