LPL Financial announced that financial advisors Alain Verhille, CFP, CPFA, and James S. Wood have joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, for launching Auctus Legacy Private Wealth Management. These advisors reported serving approximately $705 million in advisory, brokerage, and retirement plan assets and joined LPL from Merrill Lynch.
Based out of Oklahoma City, Oklahoma, Senior Vice President, Wealth Management Advisor Verhille and Managing Director, Wealth Management Advisor Wood are longtime business partners with over 50 years of collective industry experience. And the advisors serve a primarily high-net-worth clientele, focusing on comprehensive planning that seeks to optimize wealth and reduce risk for multi-generational families. They are joined by licensed Certified Senior Advisors Erikka Moore and Kathy Isernhagen.
LPL Private Wealth is an independent employee advisor affiliation model featuring a comprehensive array of services and support to enhance client service delivery and business growth while upholding the tenets of independence. And LPL Private Wealth advisors enjoy the benefits of industry-leading payouts, client ownership and business autonomy while gaining access to enhanced service, expanded capabilities and an exclusive high-net-worth advisor community. LPL developed focused resources including advanced estate and philanthropic planning, income tax strategy, trustee services, alternative investments platform, banking and lending solutions, and complex life insurance planning as well as a curated network of third-party specialists.
KEY QUOTES:
“Our firm brings the right expertise, experience and clarity to the table to find paths forward for clients. We’re helping extraordinary people stay extraordinary.”
“It took us two years of due diligence as we analyzed a lot of companies to find the right fit. We wanted the top firm to help us refocus our wealth management business. LPL provides us with a dedicated team and white glove service while giving us access to help on the financial planning side of our business. It has been refreshing the way LPL is organized and takes care of its advisors — LPL checked all the boxes.”
– Alan Verhille
“We are like a family, and our relationship with each other doesn’t stop at 5 p.m. on Friday. We understand the value of building genuine relationships, knowing one another and what’s important to clients. I believe our clients feel like we give them a very good opportunity to have a path to succeed in their goals.”
– James S. Wood
“We welcome Alain, James and the Auctus Legacy team to the LPL community and congratulate them on taking this next step in growing their client-centered high-net-worth practice. At LPL, we recognize that high-net-worth-focused advisors need sophisticated resources and support while also valuing the freedom to shape their practice in a way that best serves their clients. We continue to make significant investments in developing our high-net-worth capabilities and offer an open-architecture platform that enables advisors to access subject matter experts in a wide variety of niche areas. We look forward to fostering a long-lasting relationship with Auctus Legacy Private Wealth Management.”
– Scott Posner, LPL Executive Vice President, Business Development
