LPL Financial announced that financial advisors Ryan Lewis, Dan Hocking and Steve Braatz have joined Linsco by LPL Financial to launch ClearHaven Wealth Management, a Minnesota-based practice serving approximately $395 million in advisory, brokerage and retirement plan assets.
Lewis joins LPL from Morgan Stanley, while Hocking and Braatz join from RBC Wealth Management.
ClearHaven Wealth Management primarily serves high-net-worth individuals and families, including multigenerational client relationships that span decades. The team focuses heavily on clients approaching or living in retirement, providing investment management, wealth preservation and long-term financial planning services.
The advisors emphasize personalized service, accessibility and ongoing communication while combining relationship management with portfolio oversight.
The practice is also supported by LPL Registered Administrative Assistant Cade Nelson and administrative professional Nikki Hocking.
The ClearHaven team has longstanding personal and professional ties. Lewis and Braatz have known each other since childhood and have spent much of their careers working together to serve clients and build their practices. The group also includes second-generation financial advisors who have continued family traditions of serving clients across multiple generations.
ClearHaven chose LPL’s Linsco model because the team wanted greater autonomy and the ability to establish its own brand without assuming all of the administrative responsibilities associated with operating a fully independent business.
The advisors were particularly attracted to LPL’s technology platform, operational support and infrastructure, which they believe will allow them to spend more time focused on clients while retaining greater control over how their practice operates.
Linsco is LPL’s employee advisor model, designed to provide advisors with the ability to operate a branded practice while receiving support with many of the operational functions that would otherwise be handled independently.
The addition of ClearHaven expands LPL’s advisor network as the company continues recruiting teams from major wirehouses and wealth management firms.
LPL supports more than 32,000 financial advisors and the wealth management businesses of approximately 1,100 financial institutions. The company services and custodies approximately $2.6 trillion in brokerage and advisory assets for approximately 8 million Americans.
KEY QUOTES:
“We’ve built our practice around relationships and collaboration. Many of our clients are families we’ve worked with across multiple generations and we take seriously the responsibility of helping them pursue their financial goals. Our approach is grounded in thoughtful investment management, open communication and a commitment to putting clients’ interests first.”
Ryan Lewis, ClearHaven Wealth Management
“We wanted the flexibility to create our own identity and operate an autonomous practice while still having access to the resources, infrastructure and support of a leading firm. LPL provided the right balance, allowing us to focus on what we do best, serving clients, without having to manage all the responsibilities that come with owning and operating a standalone business.”
Dan Hocking, ClearHaven Wealth Management
“LPL offered the best of both worlds. We wanted the flexibility to run an autonomous practice and build our own brand without taking on the administrative responsibilities that come with operating an independent business. With LPL’s support, we can stay focused on serving clients while continuing to grow our practice.”
Steve Braatz, ClearHaven Wealth Management
“We are pleased to welcome ClearHaven Wealth Management to LPL Financial. The story behind ClearHaven is one of partnership, legacy, and enduring client relationships. Ryan, Dan, and Steve have built a practice rooted in value and dedicated to helping families navigate their financial futures across generations. We’re proud to support them with the flexibility, resources, and capabilities to continue delivering a personalized experience while building for the future.”
Marc Cohen, Chief Growth Officer at LPL Financial
