LPL Financial announced that the advisors of LPL Financial firm Davis Executive Wealth have joined LPL Strategic Wealth, the company’s supported independence model. The team previously affiliated with Steward Partners and reported serving approximately $635 million in advisory assets.
Based in Norwell, Massachusetts, Davis Executive Wealth is led by Timothy Davis, CFP®, senior managing partner. The team also includes managing partners Michaelyn Bortolotti and Michael Carilli, along with Edward Neibert and Henry Brown, who support client service and operations.
Davis Executive Wealth serves c-suite executives, entrepreneurs, business owners and high-net-worth families across the United States, with a strong concentration along the East Coast as well as in Houston, Denver and Chicago. The firm specializes in comprehensive financial planning and investment planning strategies for high-net-worth and ultra-high-net-worth families, with a focus on complex tax, estate, liquidity and generational planning needs.
The firm said its approach centers on investment management guided by each client’s broader financial plan. The team also collaborates closely with clients’ accountants and attorneys to address sophisticated estate and tax considerations while emphasizing capital preservation, long-term growth and multigenerational wealth planning.
Davis Executive Wealth selected LPL Strategic Wealth because of its enhanced support model for advisors serving complex, high-net-worth clients. According to the company, the platform combines entrepreneurial flexibility with operational and strategic business support services.
LPL Strategic Wealth advisors receive access to LPL’s wealth management platform, technology and business support resources. The model also includes operational support from professionals such as business strategists, marketing partners, CFOs and administrative assistants, along with dedicated project management and advocacy support.
Marc Cohen, chief growth officer at LPL Financial, said the Davis Executive Wealth team has built a disciplined, client-focused practice serving sophisticated investors and that LPL Strategic Wealth was designed to provide firms with the flexibility and support needed to continue growing.
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“At Davis Executive Wealth, everything we do is rooted in delivering on our promises and holding ourselves to the highest standards of service. Our clients expect thoughtful planning, disciplined investment strategies and a team that follows through. That commitment, what we call the Davis Difference, is central to how we serve families and help them manage, preserve and ultimately transfer their wealth.
Strategic Wealth was the clear differentiator. It offers an enhanced level of support that aligns directly with the needs of our clients and the direction of our firm. The model provides a competitive advantage in how we deliver sophisticated planning solutions, particularly around tax and estate considerations, while allowing us to remain focused on our clients and the continued growth of our business.”
Timothy Davis, Senior Managing Partner, Davis Executive Wealth
“We’re proud to welcome Davis Executive Wealth to LPL. Tim and his team have built a highly disciplined, client-first practice serving complex investors with sophisticated needs. LPL Strategic Wealth was designed specifically for firms like Davis Executive, providing the depth of support, resources and flexibility advisors need to deliver meaningful value and grow with confidence.”
Marc Cohen, Chief Growth Officer, LPL Financial
