LPL Financial announced that financial advisors Christopher “Noah” Geoghegan, CTFA, and Tomohiko “Tom” Minami, CFP, CFA, launched a new independent practice called MG Partners Private Wealth through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. They reported having served about $435 million in advisory, brokerage, and retirement plan assets and joined LPL from Truist.
With over 50 years of combined experience in the high-net-worth space, Geoghegan and Minami have crafted their unique experiences to develop a deep understanding of the complexities of wealth management. Based in Hickory, North Carolina, the advisors have worked together for nearly two decades to provide sophisticated investment and planning services with a personalized touch. And they are joined by Director of Client Relations Caroline Montgomery.
Geoghegan’s and Minami’s shared passion for entrepreneurship is deep as it has been a part of both families for generations. And it was a natural next step for them to move to independence for the next chapter of their business.
The team was drawn to LPL’s supported independence solution, LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support for helping practices succeed operationally and strategically.
With access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology, and dedicated support when launching their practice. After the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals, including a business strategist, marketing partner, CFO, and administrative assistant. Advisors have one point of contact, a dedicated team, and priority access for advocacy and project management for complex business issues, enabling them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.
The team will also utilize LPL’s HNW resources and customized solutions to support more complex situations, such as advanced estate and philanthropy planning, income tax strategy, trustee services, a sophisticated alternative investment platform, banking and lending solutions, and complex life insurance planning.
KEY QUOTES:
“We’re a full-service private wealth practice that caters to our clients’ comprehensive financial needs — from investment management to estate planning to philanthropy and everything in between. We treat our clients like family. We want to know about their wishes and goals, their children, their lifestyle and what makes them tick. We then work directly with professionals in tax or legal fields to ensure all aspects of their financial lives are covered, and the right strategy is implemented.”
– Christopher “Noah” Geoghegan
“It’s the American Dream to own your business, and LPL is helping us make that dream true. By going independent, we can be more than just financial advisors. We are entrepreneurs who understand the journey of building and growing wealth, and we can do that in a way that puts clients at the center of every decision we make.”
“During our due diligence process, it became clear that LPL’s integrated technology and in-house resources are second to none. The Strategic Wealth model spoke to us because we refused to compromise for our clients. It gives us a dynamic team by our side to support our strategy and goals, allowing us to spend more time with clients.”
– Tomohiko “Tom” Minami
“We warmly welcome Noah and Tom into the LPL community and congratulate them on this next step in their journey to differentiate themselves in the marketplace. We support their entrepreneurial spirit by providing innovative capabilities and robust resources designed to help their business thrive, both operationally and strategically. We look forward to a long-lasting relationship with MG Partners Private Wealth and wish them great success.”
– Scott Posner, LPL Executive Vice President, Business Development
