LPL Financial announced that financial advisor Ronald White has launched a new independent practice, NorthStar Wealth Advisors, with support from Good Life Companies, an LPL Financial-affiliated firm. The NorthStar Wealth Advisors team reported serving approximately $160 million in advisory, brokerage, and retirement plan assets and joins LPL from Raymond James.
Based in El Paso, Texas, White brings more than 30 years of experience serving retirees, business owners, and high-net-worth families. He has built his practice around disciplined investing, tax-efficient strategies, long-term financial planning, personalized service, and client education.
White is joined by wealth advisor Scott Draime, who also brings approximately 30 years of industry experience. Draime works with private wealth clients and families on retirement planning and relationship-driven financial guidance.
Together, the NorthStar Wealth Advisors team serves retirees, individuals approaching retirement, business owners, and multigenerational families. The practice focuses on delivering comprehensive wealth management strategies tailored to each client’s financial goals.
White said the decision to launch NorthStar Wealth Advisors with LPL and Good Life Companies was driven by a desire for greater independence while maintaining access to the infrastructure and support needed to grow the business.
Through the relationship, the team gains access to LPL’s integrated platform, technology, operational support, and resources designed to help advisors serve clients while building independent practices.
LPL Financial supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions. The firm services and custodies approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans.
KEY QUOTES:
“Our focus has always been on building long-term relationships and helping clients navigate important financial decisions with clarity and confidence. We take a planning-first approach and are committed to delivering personalized strategies that evolve with our clients’ needs.”
“I wanted more ownership and flexibility in how we run our business and serve clients. This relationship provides the operational support, technology and resources we need, and LPL’s platform gives us the scale and flexibility to continue enhancing the client experience. This will allow us to build a business that is fully aligned with our long-term vision.”
Ronald White, Financial Advisor and Founder of NorthStar Wealth Advisors
“We are proud to welcome Ron White and the team at NorthStar Wealth Advisors to the LPL community. Through this strategic relationship, Ron and his team gain access to a strong combination of operational support and LPL’s integrated platform. This model provides the flexibility, resources and scale needed to serve clients effectively while building a differentiated and growing practice.”
Marc Cohen, Chief Growth Officer at LPL Financial
