LPL Financial announced that the financial advisors at Nexus Wealth Partners have joined its broker-dealer, RIA, and custodial platforms. They reported serving approximately $410 million in advisory, brokerage, and retirement plan assets, joining LPL from Osaic.
Based out of Westlake Village, California, the team is led by managing partners Scott D. Nelson, CFP, MBA, and Kamie Abraham, CFP, MBA, and includes four support staff members. For 18 years, Nelson assisted business owners, corporate executives, retirees, and wealthy multigenerational families in making informed decisions while accumulating and preserving their wealth. He also manages the entertainment industry wing of Nexus Wealth Partners, serving several award-winning actors, writers, sound engineers, and Hollywood executives. Abraham brings over ten years of experience to the team. He specializes in helping women in life transitions, families, and retirees develop and implement personalized strategies as they confidently work toward their financial goals.
The move to LPL follows an eight-month search for a new wealth management firm and was designed to propel the next phase of their business’s growth. Nelson and Abraham are relatively young, at 41 and 32, respectively, and view their transition as an opportunity to attract the next generation of advisors.
KEY QUOTES:
“We strive to build long-lasting relationships with our clients, offering education and guidance as we build out comprehensive financial plans to address their unique needs and objectives. We truly value independence and doing what’s in the best interests of our clients, and we’re fully committed to providing each individual with the highest level of service and expertise.”
“We wanted to partner with a firm that we could stay with for decades and grow. We will continue to build out our team, bringing in junior advisors to help educate, mentor and collaborate with. There’s a shortage of advisors and a huge need for qualified financial planning. We believe through LPL and our experience we can fill that gap and grow while maintaining a high level of service to our clients.”
– Scott D. Nelson
“Our decision to join LPL was a strategic one, driven by our quest for a partner that could equip us with the robust technology, vast resources and integrated capabilities to streamline the client experience and elevate our service offering. We appreciate the ease of doing business with LPL, both for our team and clients. LPL’s integrated platform ensures clients have a streamlined view of their financial landscape, with a single signon where they can find everything within one portal.”
– Kamie Abraham
“We welcome Scott, Kamie and the Nexus team to the LPL community. As their partner, we are committed to delivering innovative technology, integrated platforms and strategic resources to help them to run their practice seamlessly and add value to their clients. We look forward to supporting Nexus Wealth Partners as they continue to grow their business and attract the next generation of advisors to their team.”
– Scott Posner, LPL Executive Vice President, Business Development
