CHARLOTTE, NC, November 14, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC today announced Financial Advisor Tim Truvenbach CFP.®has joined LPL Financial’s Linsco (“Linsco”), LPL’s employee advisor channel. He reportedly provided approximately $350 million in advice, brokerage and retirement assets* and joined his LPL from Morgan Stanley. He will be his tenant anchor at the newly constructed Linsco office in Tacoma, Washington.
A junior high school enthusiast in the stock market, Truvenbach is a seasoned advisor with over 25 years of experience in the industry. He has grown businesses from the ground up by providing comprehensive financial planning and wealth management to wealthy families, trusts and businesses. He is supported by his Wendy Keefe, Registered Client Services Associate.
“Financial planning with asset allocation should be the cornerstone of each client’s portfolio,” says Truvenbach. “We employ a three pillar approach to assisting our clients based on proactive and regular communication. processlead to smarter decision-making, collaboration between the client and its entire finance team, personal attention step by step. ”
Ultimately, according to Truebach, the question that drives the company is, “How does it benefit our clients?” That’s exactly what led him to his LPL.
In launching True Private Wealth Powered by LPL Financial, it was important for Truebenbach to join a company that allows for flexibility and the ability to build a business on your own terms.
“I went through an extensive due diligence process to consider how I could serve my customers more meaningfully in ways that mattered. I can focus my time on my own agenda of investing, planning and shifting more to the customer experience.”
Why Choose Linsco by LPL
Accustomed to receiving support from large corporations, Truebenbach said Linsco’s employee advisor model was the LPL’s primary technology capability, access to resources, plus the ability to call shots for his business and clients. That said, it offers the best of both worlds. And a dedicated support team that allows him to focus on what matters most: clients.
Linsco by LPL serves financial advisors who seek core tenets of independence that include owning the relationship with their clients and having the flexibility to do business their way. With Linsco, advisors benefit from support from an experienced branch management team, dedicated marketing consultants, technical consultants, and a service team, freeing up more time for advisors to focus on helping clients. I can.
“I didn’t want to wear a business manager’s hat and feel like I was swimming upstream all the time,” says Truvenbach. “With Linsco, I don’t have to do everything myself. The entire platform is designed to support my office so I can take care of my clients.”
Scott Posner, LPL’s executive vice president of business development, said: His desire to keep the needs of his clients always in mind is closely aligned with LPL’s mission to take care of their clients so that their advisors can take care of them. We do this by creating a differentiated and engaging experience for both our advisors and their clients. We provide engineered, independent solutions that give you choice and flexibility in how you manage and grow your business. We look forward to a long-term relationship with True Private Wealth Powered by LPL Financial. ”
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About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that firms should work for their advisors, not the other way around. Today, LPL is a market leader in servicing more than 21,000 financial advisors, including advisors to approximately 1,100 institutional-based investment programs and approximately 500 registered investment advisors (“RIA”) firms nationwide. We support this. We are steadfast in our commitment to an advisor-centric model and the belief that Americans have the right to access individualized guidance from their financial advisors. It means you have the freedom to choose your models, services and technical resources to help you execute your perfect practice. And because they know their customers best, they are free to manage their relationship with them. Simply put, we look after our advisors so they can look after their clients.
*Estimated based on asset and holding details provided to LPL from the end of 2021.
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RIA’s top custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent broker-dealer in the US (based on total revenue, Financial Planning Magazine 1996-2022). #1 for his AUM growth from financial institutions among third-party providers of intermediation services for banks and credit unions. No. 1 AUM share for financial institutions. No. 1 financial institution revenue share. Financial institution share No. 1. Advisor share No. 1. (2021-2022 Kehrer Bielan Research & Consulting Annual TPM Report). Fortune 500 as of June 2021.
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