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Ex-Wells Fargo Advisers Enlist With LPL’s Linsco

LPL Financial LLC announced that financial advisers Jonathan Maloney and Niki Davis have joined LPL’s employee adviser channel – Linsco by LPL Financial – to launch Maloney Davis Wealth Management. They reported having served approximately $175 million in advisory, brokerage, and retirement plan assets and join LPL from Wells Fargo Advisors.

Based in Cedar Rapids, Iowa, Maloney and Davis are longtime business partners with 35 years of collective industry experience. They provide clients’ easy to understand investment advice and robust planning.

“It can often be difficult to manage money for clients or make recommendations without first understanding when and how they are planning to spend the money,” Maloney said. “That’s why we take a proactive approach. We created a business that is entirely centered around financial planning.”

Looking to step away from the wirehouse environment and have more control of their business, Maloney and Davis turned to Linsco by LPL. Linsco is LPL’s employee adviser channel created for financial advisers such as Maloney and Davis who seek independence, including owning their client relationships and having the flexibility to run their practice on their own terms. With Linsco, advisers have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team and other dedicated consultants.

“We wanted the opportunity to keep things as consistent as possible, yet with improved experiences for our clients,” Davis said. “With Linsco, we can focus on taking care of our clients and their families with less restrictions, while growing our business our way. …”

“…LPL is committed to meeting advisers where they are in the evolution of their practice, providing them with choice and flexibility to launch, grow and monetize a business of their design. We look forward to a long-lasting relationship with Maloney Davis Wealth Management,” said Scott Posner, LPL executive vice president of business development.

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