Financial advisor Jeffrey Schiffman, operating as Schiffman Wealth Planning in Palm Beach Gardens, Fla., has partnered with Linsco by LPL Financial to join the firm’s new W-2 employee advisor model, a news release announced.
Schiffman was formerly with UBS Financial Services, where he managed approximately $150 million in client assets.
Schiffman said he chose LPL’s employee advisor model to have more control over his practice. The affiliation model allows advisors to own their book of business, and to decide how to run it.
Headquartered in Fort Mill, S.C., San Diego and Boston, LPL Financial is one of the largest independent broker-dealers in the country, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide.