A duo of millennial advisors have made the decision to switch firms and hope to encourage other younger advisors to follow them.
LPL Financial has welcomed Nexus Wealth Partners, led by managing partners Scott D. Nelson, CFP, MBA and Kamie Abraham, CFP, MBA, who have left Osaic where they managed $410 million. Aged 41 and 32 respectively, they are relatively young, although they have 18 and 10 years of industry experience, respectively.
Their age is relevant because of their clear ambitions to grow a team of next-gen industry professionals.
“We wanted to partner with a firm that we could stay with for decades and grow,” Nelson said. “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.”
Nelson and Abraham join the firm’s broker-dealer, RIA and custodial platforms in Westlake Village, California, along with four support staff. They spent eight months researching which firm would be a good fit for their practice.
“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,” Abraham said. “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 sign-on where they can find everything within one portal.”
The two managing partners have distinct areas of specialism with Nelson leading Nexus Wealth’s entertainment practice and boasts several award-winning actors, writers, sound engineers and Hollywood executives among his clients. Abraham specializes in helping women in life transitions, families and retirees develop and implement personalized strategies as they work toward their financial goals with confidence.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
