San Diego-Based Securities America Team Moves to LPL Financial
The advisers of FSI Wealth Management have joined LPL Financial’s broker-dealer, registered investment adviser, and custodial platforms. The team reported serving approximately $215 million in advisory, brokerage, and retirement plan assets and joins LPL from Securities America, now part of Osaic.
FSI founding partners Paul Neves, CFP, ChFC, and Darrin Santos, CFP, have more than 65 years of combined experience in the financial services industry. They teamed up in 1995 to build a financial planning-based firm in San Diego’s Old Town, where they are supported by two office associates.
Their approach to wealth management is comprehensive, according to LPL, including working closely with certified public accountants, attorneys, insurance brokers, and other consultants to consider all aspects of their clients’ financial lives.
“Our clients come to us for everything, and we treat them like family,” Neves said. “We are very intentional in creating meaningful relationships and providing a high level of customer service to help positively impact each client’s financial future.”
After their former firm was sold and later rebranded, Neves and Santos said they felt it was time to make a change. “We were at an impasse with our business and thought to ourselves, ‘do we want to wait and see what happens next or go somewhere that’s already proven?’” said Neves.
They turned to LPL for the next chapter of their practice, citing greater independence and access to innovative technology as key factors in their decision.
“We chose LPL for the stability of the company and the award-winning capabilities, which will create efficiencies within our office and provide a simplified online experience for our clients,” Santos said. “We also appreciate the local home office and the opportunity to grow our firm with a San Diego-based Fortune 500 company.”
“We welcome Paul, Darrin and the entire FSI Wealth Management team to LPL. As their strategic partner, we are committed to helping them accelerate their business by providing innovative capabilities and robust business resources,” said Scott Posner, executive vice president of business development.
“We strive to make it easier for advisers to manage their practices so they can stay focused on building long-term value with their clients. We look forward to supporting FSI’s continued growth and success for years to come,” Posner added.
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