VisionPoint Advisory Group, an independent investment advisor firm, has transitioned to LPL Financial’s platforms. As of August 31, 2013, VisionPoint and its 12 financial advisors support approximately $1 billion of corporate retirement plan and private client investment assets.
The firm will utilize LPL Financial’s broker-dealer and hybrid RIA platforms to support its commission and private client fee-based business.
Additionally, VisionPoint will use the resources of Retirement Partners, the retirement plan-focused division of LPL Financial.
Headquartered in West Des Moines, Iowa, with additional offices in Sioux Falls, S.D., and Dallas, Texas, VisionPoint offers financial advisors several association options to help them build the business that is best suited for their own needs and those of their clients.
These association options include an “Independent Advisor” model, in which advisors manage their own operations and marketing with compliance and supervisory support; an “Interdependent” model that allows advisors to maintain their independence while leveraging VisionPoint and LPL Financial’s scale, operational infrastructure, technology offerings and marketing capabilities; and a “Firm” model under which advisors become VisionPoint full-time employees, with opportunities to participate as equity partners of the firm in the future.
These operating structures enable VisionPoint’s advisors to optimize their own businesses and client offerings while emphasizing the firm’s core values of entrepreneurialism, diversity and collaboration, according to the firm.