LPL Acquires Newly Launched $1.45 Billion RIA

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that three teams of financial advisors have joined forces for the launch of a new independent practice, Carnegie Private Wealth, through affiliation with LPL Strategic Wealth Services, the firm’s “wirehouse breakaway solution” for advisors seeking autonomy.

The advisors reported having served a collective $1.45 billion in advisory, brokerage and retirement plan assets. They join LPL from Wells Fargo Advisors.

Based in Charlotte’s South Park community, Carnegie Private Wealth is founded by Angie Ostendarp, Jordan Raniszeski, and Mary Sherrill Ware, a team of advisors that recently ranked as one of the Top 10 Best-In-State Wealth Management Teams in North Carolina by Forbes.

The core group, which also includes seven client services support members, are joined by longtime colleagues Mitch Mayfield and Jeff Vandiver, each having previously run individual practices.

“We congratulate Angie, Jordan, Mary, Mitch and Jeff on the launch of Carnegie Private Wealth,” Scott Posner, LPL executive vice president, business development, said. “We are honored to be their strategic partner as they set out to build their ideal independent practice and provide elevated experiences for their clients.”

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

Click here to visit The DI Wire directory page.