A former Wells Fargo trio that handled $1 billion in advisory, brokerage and retirement plan assets has joined LPL Financial to launch an independent practice in Salt Lake City, according to a news release today from LPL.
The financial advisors, Jason J. Howard, Shane Kunz and Chad Horne, have aligned with Stratos Wealth Partners to form Outcome Private Wealth, an existing LPL enterprise firm.
The trio has worked together at Wells Fargo for more than a decade. They provide holistic investment advice, financial planning and wealth care to affluent families, professionals, business owners and retirees, the release said. The team also includes four office support staff members.
“Over the years, we’ve been accustomed to serving clients with some of the best resources available, but as we evolved, we recognized the need for a new partner. By moving to LPL and Stratos, we have the flexibility to serve our clients with innovative capabilities and give them the experiences they deserve,” Howard said in a statement.
Horne, who started at Wells in 2011, after a career as a medical sales manager, said “the goal is to help simplify the increasingly complex financial landscape and deliver lasting strategies to help save clients’ time and money.”
Kunz added that the team wanted to bring more to the table for their clients. “After learning about all the additional resources from LPL and Stratos—everything from trading capabilities to client management software to additional tax-based financial planning tools—it was impossible to stay,” he said. “We are excited to be in a place we can be proud of and look forward to providing our clients with a more personalized touch.”
The release noted that the move also provides the team with access to grow their practice through M&A, as well as opportunities to generate additional revenue by working closely with other professionals such attorneys and certified public accountants.
Charles Shapiro, Stratos founding partner and chief development officer, said the recruiting landscape is especially competitive for high-caliber private banking teams. “Utah has been a terrific market for our company’s growth, and we are proud to support Outcome Wealth in their expansion plans in the marketplace,” he said.