Former Ameriprise Team With $500 Million in Assets Joins LPL
Strategic Insights Financial Planning Group has joined LPL Financial’s broker-dealer, registered investment adviser, and custodial platforms. The team of five advisers reported serving approximately $500 million in advisory, brokerage and retirement plan assets and joins LPL from Ameriprise Financial.
Founded in 1986 by Arthur Hughes CFP, the McAllen, Texas-based team includes managing partners James Credo CFP, and James Enriquez MST, EA, CFP, along with fellow advisers Alexis Villarreal APMA and Leonardo Chang MA, CFP. The group says they take a team approach so they can go deeper into financial planning with the goal of delivering highly customized client experiences and building meaningful relationships.
“We work with a diverse mix of clients from small business owners to healthcare workers to retirees, all who enjoy a personalized and collaborative relationship with their financial adviser,” Credo said. “Whether our clients seek financial stability, wealth accumulation or legacy planning, we strive to deliver the most efficient and effective roadmap to aid them on their financial journey.”
The team chose to move to LPL for many reasons, including increased office efficiencies, marketing resources, the ability to elevate the client experience, and for future growth.
“We’re no longer a one-man firm, and it’s our hope that we can be a 100-year-plus firm with a unique brand and culture,” Enriquez said. “By joining LPL, we have access to LPL’s integrated platform with single sign-on and self-clearing capabilities. We can use the planning software of our choice, which gives us the capability to upload tax returns within the same system.”
Additionally, Enriquez said they can now market their brand outside of a franchise system and build content more easily, ultimately allowing them to share more resources with their clients and community.
With the move to LPL, the team is hopeful to find more like-minded advisers to partner with and grow their footprint. They said LPL’s vast resources will help them elevate their value proposition as they seek other financial professionals who might benefit from working in a team environment.
“We extend a warm welcome to Arthur, James C., James E., Alexis and Leonardo,” said Scott Posner, LPL Executive Vice President, Business Development. “We serve to empower advisers, providing them with industry-leading tools, innovative capabilities and technology that streamline how they operate and reduce complexities. We provide support across the back, middle and front office, all while giving the team ultimate control in how they operate. We are deeply invested in our advisers, getting their input and working alongside them to be able to design solutions that meet their needs — so they can serve the needs of their clients. We look forward to supporting Strategic Insights Financial Planning for generations to come.”
LPL Financial Holdings Inc. serves nearly 23,000 financial advisers, including advisers at approximately 1,100 enterprises and 570 registered investment adviser firms nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled more than $1.35 trillion as of Dec. 31, 2023.
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