LPL Financial announced that financial advisors with SoundWay Financial have joined LPL Financial’s broker-dealer, RIA and custodial platforms – which is aligned with existing firm Balmville Wealth Group (BWG). And they serve about $180 million in advisory, brokerage and retirement plan assets* and join LPL from Cetera.
The SoundWay Financial team is led by senior advisors Richard Belanger, Hons Yu, CFP, and Michael Belanger, and is based a few miles from the Long Island Sound in North Haven, Connecticut.
Rich had served as a Korean linguist in the U.S. Army for 10 years before launching his wealth management practice. Hons received an economics and finance degree from the University of Connecticut and a Certificate in Financial Planning from Bryant University. Michael joined the SoundWay team with over 20 years of client service and management experience. And they are supported by longtime Operations Manager and Advisor Nicara Enright-Alves and team members Luke DeRose, Thomas Wissenbach and Anthony Persampieri.
KEY QUOTES:
“At SoundWay Financial, we offer holistic planning for a wide range of investment needs, whether that means helping a client with a retirement strategy or providing financial advice for unexpected life events. We’ve found that clients benefit from a collaborative approach, and we believe LPL puts us in a better position to work in a team environment where we have more control of our practice.”
- Richard Belanger
“I have known Rich from the day he came through training after joining the industry. From day one, he has always been one of the most hard-working, diligent, organized and professional advisors I have ever come across in my career. We are excited to have Rich, Hons, Michael and the SoundWay team join the BWG family and look forward to helping them take their careers to the next level.”
- BWG Chairman and Founder Michael Vela
“We extend a warm welcome to SoundWay Financial and congratulate BWG on its continued growth. As a partner with scale, we are deeply committed to supporting each advisor’s ability to meet their clients’ expectations for differentiated experiences and access to sophisticated wealth management solutions. We support advisors in all stages of their business by delivering strategic and robust resources designed to help them create more value.”
- Scott Posner, LPL Executive Vice President, Business Development
