LPL Financial LLC, the nation’s largest independent broker-dealer, has added father and daughter financial advisors Emile P. Oestriecher III and Anne Oestriecher to its broker-dealer, corporate registered investment advisor, and custodial platforms. The duo joins from Avantax Investment Services, part of Blucora, and serves approximately $100 million in brokerage and advisory assets.
Emile, who launched an accounting practice in 1970 in his hometown of Alexandria, Louisiana, formed Oestriecher Financial Management Services in 1999 to expand the services offered to clients. With a background in accounting, Anne joined the family business in 2010 as full partner. The team also includes a licensed assistant and two junior financial professionals studying to become advisors.
The entire practice shares a single office, allowing clients to receive both wealth management advice and tax advice.
“Our niche is that we have a very deep understanding in taxes and the ability to really dive into a client’s total financial situation,” said Anne, who said she learned both sides of the business from her father.
LPL Financial provides service to approximately $670 billion in brokerage and advisory assets as of March 31, 2020. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to 16,763 financial advisors and 700 financial institutions.