LPL Financial announced that the founders, financial advisors and staff with Harbor Lights Financial Group returned to LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $535 million in advisory, brokerage, and retirement plan assets and joined LPL from Wells Fargo FiNet.
Based in Manasquan, N.J., Harbor Lights Financial Group was founded in 1994 by financial advisors Doug Lockwood, CFP, Rob Tendler, CFP, CLU, and Ken Roberts, CFP, all who share a passion for helping clients on their journey to financial freedom by providing strategic investment advice, customized planning and high-touch service experiences. And they built the practice uniquely by assisting employees in of large companies with their retirement planning, and they later grew their business in the high-net-worth space. The team includes financial advisors David Scureman, MBA, CFP, and Jonathan Shippee, MBA, CFP, along with Chief Operating Officer Steve Catapano and five office support staff members.
Harbor Lights leaders kept their eyes on LPL over the past few years, watching the firm’s transformation to bring advisors into the future of advice and wealth management. And after comprehensive due diligence, the team found that LPL is a much-changed organization and would be the ideal partner for the next chapter of their business.
The team was drawn to LPL’s compelling and competitive Liquidity & Capital resources to help them create a legacy for themselves, as well as a safe passage for clients and longevity for the next generation of Harbor Lights advisors. And LPL’s mission to take care of advisors so they can take care of clients truly resonates with the Harbor Lights team.
KEY QUOTES:
“We are a team of highly accomplished advisors who specialize in developing detail-focused plans designed to help clients accumulate, preserve and transfer wealth throughout all market cycles. Each advisor brings a different skillset to the team, and we collaborate to provide clients with well-defined, personalized strategies to help them reach their wealth goals in a timely manner.”
“As independent advisors, we want to be in the best possible place so we can continue to serve our clients at the highest level. LPL and its leaders are putting in hard work and significant investments into a platform of the future. We are highly impressed with the quality of services to help us solve problems and create solutions for our clients and business.”
“I genuinely feel that the people at LPL care about what happens to us and our clients, from President & CEO Dan Arnold to Chief Growth Officer Rich Steinmeier, all the way down to the transition and service folks we work with daily. We are a relationship-based team, and it’s refreshing to engage with all these great people who are committed to helping us succeed and grow. We’re excited to be together for the rest of our careers and offer to our team a better future.”
- Doug Lockwood
“We warmly welcome Doug, Rob, Ken and the entire Harbor Lights team back into the LPL community. It’s an honor they recognized LPL’s growing momentum and commitment to delivering an industry-leading value proposition to advisors. Our entire focus is to support advisors and make it easier for them to provide personalized financial guidance and differentiated service experiences to their clients. We do this by providing unprecedented choice and flexibility in how firms build their business, and by investing in integrated capabilities and robust business solutions designed to help advisors thrive. We look forward to supporting Harbor Lights Financial Group for generations to come.”
- Scott Posner, LPL Executive Vice President, Business Development
