$1.2 Billion Former UBS Team Goes Indie with LPL-Affiliate Gladstone
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Puzzle Wealth Solutions to its broker-dealer, hybrid registered investment advisor, and custodial platforms.
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Puzzle Wealth Solutions to its broker-dealer, hybrid registered investment advisor, and custodial platforms.
The 10-person Puzzle team serves approximately $1.2 billion in advisory and brokerage assets and joins from UBS Financial Services. They are aligned with Gladstone Wealth Partners, a large enterprise supporting LPL-affiliated advisors.
Although the Puzzle name is new, the financial-planning based firm has a long history in the Chicagoland area, with a client base of nearly 400 corporate executives, business owners, families and affluent individuals.
Puzzle chief executive officer John Klaas started in 1988 as a solo practitioner, and the firm has grown into a 10-person team. Now based in Schaumburg, Illinois, the team focuses on financial planning, estate planning and portfolio management.
The Puzzle team also includes chief operations officer David Millington, chief investment officer Steven Connolly, managing director Robert Davit, Senior Director of Business Development Karoline O’Connor, Wealth Advisors Alexander Klaas and Christopher Sagan, Director of Operations Kathleen Miller, Director of Trading Mark Gorman, and Nicholas Shealy.
LPL Financial provides service to approximately $958 billion in brokerage and advisory assets as of March 31, 2021. The company supports more than 17,000 financial advisors, 800 institution-based investment programs, and 450 independent RIA firms nationwide.
