LPL Financial announced that advisors Stephen Horvath, Brady Doe and David Hermann have joined its broker-dealer and registered investment advisor platform to launch Consilium Wealth. The team collectively serves more than $250 million in advisory, brokerage and retirement plan assets, based on figures provided to LPL as of year-end 2025.
Horvath and Doe transitioned from Cambridge Investment, while Hermann joined from First Heartland Capital. Based in Tucson, Arizona, the advisors bring nearly 60 years of combined experience and focus on serving retired and retiring university professors, primarily from local institutions. While educators represent the core client base, the firm also works with individuals and families referred through academic networks.
Consilium Wealth offers comprehensive, goals-based financial planning with an emphasis on long-term relationships and multigenerational wealth strategies. The firm supports clients with planning designed to grow and protect assets, reduce tax burdens and facilitate the transfer of wealth to heirs and charitable causes.
The team selected LPL Financial for its scale, advisor-focused platform and operational efficiencies, including integrated clearing and broker-dealer services, as well as extended support hours and investment research capabilities. LPL said the addition aligns with its strategy to attract advisor teams seeking independence paired with institutional-grade resources.
KEY QUOTES:
“Our commitment extends not only to our clients, but also to their children, grandchildren and philanthropic interests. We help families plan across generations through comprehensive strategies designed with a goal to grow and protect wealth, reduce tax burdens and ensure the orderly distribution of assets to heirs and charitable causes. We believe financial planning should support every chapter of a family’s legacy with clarity, intention and care. LPL stood out for its robust investment research department, extended support hours through its West Coast headquarters and the simplicity of its combined clearing and broker-dealer model. These advantages will strengthen our ability to operate efficiently and better serve our clients.”
Stephen Horvath, Advisor at Consilium Wealth
“We are pleased to welcome Consilium Wealth to LPL. Their commitment to deeply personalized, high-touch service aligns with LPL’s mission to empower advisors with the independence, technology and support needed to run their sound, thriving practice.”
Scott Posner, Managing Director of Business Development at LPL Financial
