LPL Financial announced that financial advisor Matt Sheffield has launched a new independent practice called Burlwood Wealth through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. He reported having served about $275 million in advisory, brokerage, and retirement plan assets and joined LPL from UBS. After starting his career in Silicon Valley, followed by a brief stint in medical sales, Sheffield recognized his calling as a financial advisor in 2005. He said it was the perfect job to combine his critical thinking skills with his passion for relationship-building and making connections. Client Services Specialist Kayla Randall joins Sheffield.
Based in Spokane, Washington, Sheffield is an amateur woodworker who enjoys creating unique and beautiful pieces. Burl is the part of wood that often evokes emotions through its distinctive grain pattern, which is why Sheffield named the practice Burlwood Wealth to represent the personalized services he delivers to each client.
In becoming independent, Sheffield turned to LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive operationally and strategically. With access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology, and dedicated support when launching their practice. After the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals, including a business strategist, marketing partner, CFO, and administrative assistant. The advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.
KEY QUOTES:
“I love the intellectual challenge of investing, and I enjoy seeing people fulfill their plans in retirement while enjoying their hard-earned capital. I take a comprehensive approach to investment management, working closely with centers of influence to help clients understand their entire financial situation and invest according to their unique timelines.”
“After 15 years working for a very large bank, I wanted a sense of ownership in my practice and the freedom to call my own shots. At LPL, independence isn’t a slogan. It’s built into the DNA of the whole platform. I’m looking forward to continuing the processes that have made my practice successful, while also delivering more seamless, personalized experiences.”
“The Strategic Wealth platform has all of the solutions built for advisors like me with a large practice, high account sizes, complex financial situations and more involved estates. I’m excited to tap into a dedicated team of specialists who can help out behind the scenes so I can focus on providing advice and guiding clients through difficult markets.”
– Matt Sheffield, who works primarily with physicians, attorneys, small business owners and widows
“It’s an honor to welcome Matt to the LPL community. We congratulate him on the launch of his independent practice where he can create differentiated experiences for clients and operate on his own terms. As always, we are committed to delivering strategic solutions designed to meet advisors where they are in designing the vision of their perfect practice, providing them with choice and flexibility in how they manage and evolve their business. We look forward to a long-lasting relationship with Burlwood Wealth.”
– Scott Posner, LPL Executive Vice President, Business Development
