Two teams of financial advisors are becoming LPL Financial employees.
Chris Corcoran, a Merrill Lynch advisor in Houston, and Matt Jackson and Adam Callender, who were affiliated with Truist in Northeast Florida, are joining Linsco. Corcoran manages $130 million in client assets, and Jackson and Callender oversee $145 million.
As Linsco advisors, the three receive all the benefits of being an LPL employee along with autonomy to manage their own practices, said Scott Posner, LPL executive vice president of business development.
“At LPL, we understand that advisors want the freedom and flexibility to provide personalized financial guidance and differentiated service experiences,” Posner said in a statement. “We are deeply committed to supporting them with integrated capabilities, robust resources and business solutions designed to help their practice thrive.”
Corcoran and his firm, Memorial Financial Advisors, will be the first tenants in a new Linsco office in Houston. With 25 years in financial services, Corcoran primarily works with oil and gas engineers.
“I found that many people don’t have the experience or inclination to create a plan for their financial future, but with the right guidance and processes in place, they are better prepared to send their children to college, retire comfortably and distribute wealth to the next generation,” he said in the statement.
Corcoran wanted to be a W2 employee to avoid worrying about things like real estate or running a business, but keep the flexibility to run his own practice, he said. “Linsco combines the best of both worlds. I’ve always said I’m going to do what’s best for my clients and ensure they have great experiences, and this move supports that mission.”
Jackson and Callender have worked together since 2006 and shifted from the mortgage industry to wealth management in 2010. The advisors specialize in retirement planning, investment solutions and risk management solutions. Their firm, Jackson Callender Group Wealth Management, includes registered client service associate Tiffany Nessmith.
Callender echoed Corcoran’s sentiment about joining Linsco, calling it a “nice blend” of what they were looking for.
“[Linsco] empowers us to make our own decisions, while also giving us a technology upgrade, easier processes and dedicated support to help with operations so we can keep focus on helping our clients,” he said in a statement.
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
