LPL Financial LLC, the nation’s largest independent broker-dealer, has added Tim Vanderloo to its broker-dealer, hybrid registered investment advisor, and custodial platforms. Vanderloo aligned with Silverleaf Wealth Management, an existing LPL firm, and manages approximately $200 million in advisory and brokerage assets. He joins LPL from Wells Fargo Advisors.
Vanderloo, who started his career in sales and computer consulting, brings 21 years of financial service experience to Silverleaf. He built his business over the years through networking and referrals, with a focus on financial planning for high-net-worth clients. He is joined by licensed assistant Susan King.
This new partnership with Silverleaf is expected to bring the firm’s total assets under management to nearly $1 billion.
Based in his hometown of Omaha, Vanderloo made the move to independence with a goal to build a practice that prioritizes the financial goals of his clients.
“My belief is that financial planning is the pinnacle of knowing and understanding the needs of a client. The process allows me to discover what matters most to clients to be able to make knowledgeable recommendations for appropriate products and services,” he said.
LPL Financial provides service to approximately $903 billion in brokerage and advisory assets as of December 31, 2020. The company provides proprietary technology, clearing services, practice management programs and training, and independent research to 17,287 financial advisors.