LPL has made a hefty addition to its network in the Northeast with an award-winning independent practice.
Financial advisors Logan Reed, James “Jim” English III, Michael Allegra Jr., and Matthew Fleming have launched Thimble Island Private Wealth, an independent advisory firm, in affiliation with LPL Strategic Wealth Services.
The team, previously with Janney Montgomery Scott, reported overseeing approximately $830 million in advisory, brokerage, and retirement plan assets.
Thimble Island Private Wealth, based in New Haven, Connecticut, is committed to delivering personalized, concierge-level services to clients. The award-winning group, recognized by Forbes as one of the best in the state, emphasizes a hands-on, collective approach to financial planning.
“[Our practice’s name] is a nod to the chain of islands off the coast of Branford, which holds historical significance locally and on a national level,” Allegra said in a statement. “It’s a beautiful spot that’s also very complex, which is symbolic of our business and how we help clients navigate through complex financial landscapes.”
“We are relentless in our focus to help clients work toward their financial aspirations,” said English, who has a 46-year industry record under his belt. “We believe success is measured not only in market returns, but by being with clients throughout each important milestone.”
The boutique practice’s clientele includes multigenerational families, with some going as deep as four and five generations. so many years that we’re now serving fourth and fifth generations at our boutique practice.”
Reed expects their practice to benefit from “best-in-class resources,” including “LPL’s open architecture platform, robust resources, and dedication to independence.”
“We believe this move will allow us to provide an even more comprehensive and personalized financial planning experience for our clients,” he said.
Fleming commended LPL’s “dedicated resources and sophisticated capabilities behind the scenes,” enabled by the firm’s SWS model that provides advisors with ongoing assistance from professionals in business strategy, marketing, finance, and administration.
Over the past week, LPL also added to its advisory network with two former Cambridge advisors in Iowa and an ex-UBS advisor in Washington State.
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
