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Former Merrill Lynch Advisor Launches RIA Through LPL

Business network concept. Business connection.

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Thom Maher launched an independent practice, Maher Wealth Management, through affiliation with LPL Strategic Wealth Services, a “wirehouse breakaway solution” for advisors seeking autonomy.

Maher reported having served approximately $440 million in advisory, brokerage and retirement plan assets, and joins LPL from Merrill Lynch.

Based in Phoenix, Arizona, LPL says Maher is registered in 30 states and offers comprehensive financial planning and wealth management to multigenerational families. The new RIA specializes in primarily serving female business owners, professionals, widows and retirees. Maher is joined by client services manager DeAnn Welch and client services specialist Mary Mann.

“We really want to make sure that the values clients hold dear to them are passed down through the generations, not just the value of the accounts,” Maher said.

LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

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