LPL Financial announced that financial advisor Steve Schott, MBA, and his firm, Schott Financial Management, have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The firm reported serving approximately $240 million in advisory, brokerage and retirement plan assets and transitioned to LPL from Cambridge Investment.
Based in Prescott, Schott Financial Management is a third-generation wealth management firm celebrating its 40th year in business. Steve Schott, the firm’s owner and CEO, joined the company in 2012 and acquired the business six years ago, continuing its longstanding focus on helping individuals and families manage their financial lives.
The firm specializes in serving retirees and individuals approaching retirement, guiding clients through what Schott describes as the “four stages of retirement,” including pre-retirement planning, retirement income strategies, estate considerations and end-of-life financial planning.
Schott Financial Management is supported by a team of licensed professionals, including Laura De La Huerta, an LPL registered assistant, and Jessee Porter, an investment assistant. The firm emphasizes a relationship-driven approach designed to provide responsive and personalized service to clients.
According to Schott, the decision to join LPL was driven by the firm’s self-clearing platform and integrated technology capabilities, which are expected to improve operational efficiency and enhance the client experience.
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“Our approach is simple — we focus on balancing risk and return, with a strong emphasis on generating reliable income for our retired clients. We’ve built our business around being accessible and present for our clients and delivering the guidance they need through every stage of retirement.”
“LPL’s self-clearing capabilities and integrated technology platform provide a more seamless experience for both our team and our clients. The client portal, in particular, will allow us to deliver clearer reporting and a more efficient, one-stop experience — ultimately freeing up more time for us to focus on serving our clients.”
Steve Schott, Owner And CEO, Schott Financial Management
“We are pleased to welcome Steve and the Schott Financial Management team to LPL. Their commitment to delivering high-touch service and guiding clients through the complexities of retirement aligns with LPL’s purpose to empower advisors with the technology, resources and support they need to provide personalized advice and grow their businesses.”
Marc Cohen, Chief Growth Officer, LPL Financial
