LPL Financial has launched LPL Private Wealth Management, a new adviser affiliation model for advisers focused on serving high-net-worth clients.
At LPL, private wealth advisers enjoy the benefits of industry-leading payouts, client ownership and business autonomy while gaining access to enhanced service, expanded capabilities and an exclusive high-net-worth advisor community.
“Private Wealth represents the best of both worlds — exclusive access to specialized teams and resources vital to supporting the needs of high-net-worth investors while enjoying all the benefits of independence, all while earning up to 50 percent higher payouts than the average wire,” said Gary Carrai, executive vice president, Adviser Business Lines, at LPL. “Private Wealth allows advisers the same full support of working in a wirehouse, without the common downsides of grid changes, growth targets, household minimums and proprietary products.”
“The Private Wealth offering was