A pair of Wells Fargo financial advisors have affiliated with LPL Strategic Wealth Services to launch their new independent practice, North Bend Wealth Management in Vienna, W. Va., according to an LPL announcement today.
Marc DeCicco and Tad M. Wilson, who managed $225 million in advisory, brokerage and retirement plan assets, will use LPL’s broker-dealer, corporate RIA and custodial platforms while also receiving ongoing business management services and support from LPL. Both men were with Wells Fargo since 1999.
With a combined 60 years of experience in financial services, DeCicco and Wilson are longtime business partners who have dedicated their careers to helping individuals and small-business owners plan for retirement and work toward their financial aspiration, according to a press release. The duo takes a holistic approach as they help clients structure customized portfolios to address specific financial goals, and they are committed to building personal, long-term client relationships.
“By leveraging LPL Strategic Wealth Services, we are gaining our independence, but we have a support system from LPL to help with daily business operations,” DeCicco said in a statement.
Wilson added that they are a two-man shop in a small market. “As we grow, we want to maintain our culture and high-touch client interactions. Having this level of support from LPL, especially administrative assistant services to help us with paperwork, is exactly what we are looking for.”
LPL Strategic Wealth Services helps firms launch by aiding them in sourcing real estate, financial budgeting, creating new brands and moving their business to the LPL platform.
Rich Steinmeier, LPL Financial managing director and divisional president, business development, said, they are honored that Wilson and DeCicco turned to LPL as they take this next step in their careers. “Their decision to launch a new independent practice was not made lightly, and we are proud to support Marc and Tad’s choice as they build a business that suits their unique needs.”