LPL Financial announced that financial advisor Tom Madigan, CEPA, has joined its broker-dealer, registered investment advisor, and custodial platforms, aligning with Thimble Island Private Wealth, a firm supported by LPL Strategic Wealth. Madigan reported serving approximately $300 million in advisory, brokerage, and retirement assets and joins LPL from UBS.
Based in Branford, Connecticut, just outside New Haven, the Thimble Island Private Wealth team is comprised of experienced advisors focused on delivering personalized, concierge-level service. The team takes a collaborative approach to help ensure clients receive hands-on attention tailored to their specific financial needs.
Madigan brings 25 years of industry experience, having begun his career after earning his Series 7 following college. His client base spans across the United States and includes retirees, business owners, and retired professional athletes who have transitioned into second careers.
In addition to his professional experience, Madigan is married with four children and a grandson and serves on two national charitable foundation boards.
Following a period of due diligence, Madigan chose to affiliate through LPL’s supported independence offering, LPL Strategic Wealth Services, and align with Thimble Island Private Wealth. The model is designed to provide advisors with entrepreneurial flexibility while delivering integrated business support, including technology, pricing, operational assistance and dedicated strategic resources.
Advisors affiliated with LPL Strategic Wealth receive ongoing operational support from a team that may include a business strategist, marketing partner, CFO, and administrative assistant, along with a single point of contact and access to advocacy and project management resources for complex business needs.
LPL Financial is one of the fastest-growing wealth management firms in the United States. And the firm supports more than 32,000 financial advisors and approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets on behalf of about 8 million Americans.
KEY QUOTES
“I’ve found the best way to serve my clients is to keep my practice intentionally small so I can really get to know each client and their family. By spending that time up front, understanding what keeps them up at night and using a bit of financial psychology, I’m able to build individualized strategies that align with their long-term goals. When I met the Thimble Island team, it immediately felt like the right fit. Thimble Island’s philosophy around business and treating clients like family mirrored my own. On the LPL side, I wanted a big enough company with strong cybersecurity and safeguarding of assets, but with a philosophy that aligned with how I’ve run my practice for 25 years. After spending a few days in Fort Mill meeting with senior leadership and the transition team, it was clear LPL would provide the tools and support I need to run my wealth management practice the way I believe best serves my clients.”
Tom Madigan, Financial Advisor
“We’re delighted to welcome Tom to Thimble Island Private Wealth. When we connected, it was clear how deeply he cares about his clients, community and family. He has built a very successful practice that focuses on helping clients throughout each phase of life and business owners throughout their careers. We are proud to welcome Tom to our family and support him as he deepens the services he can provide to his clients.”
Logan Reed, Managing Director and Private Wealth Advisor
“We’re pleased to welcome Tom Madigan to the LPL community and congratulate Thimble Island Private Wealth on strategically growing its team of client-centric advisors. Tom’s high touch, boutique approach and deep commitment to his clients align well with LPL’s focus. LPL is committed to delivering innovative technology, comprehensive business solutions and the freedom and flexibility advisors need to create meaningful value for their clients. We look forward to a long and successful relationship with the entire Thimble Island team for years to come.”
Scott Posner, Managing Director of Business Development, LPL Financial
