LPL today announced that a former UBS advisor managing about $220 million in advisory, brokerage and retirement plan assets has joined its broker-dealer, corporate registered investment advisor and custodial platforms in Westlake, Ohio, according to a news release.
Jonathan Kesselman, who has been with UBS since he entered the industry in 2013, will operate his new independent practice, Kesselman Wealth Management. He specializes in helping clients with their transition to retirement. He is joined by his wife, Rosie, who is the firm’s director of business development and marketing, the release said.
Kesselman said he chose to partner with LPL because he thought the firm, after much due diligence, would be the best to support him on his independent journey. The release noted that before his stint with UBS, he was an attorney in a private practice.
“LPL is a Fortune 500 company with robust investment and planning capabilities, and it also offers the flexibility to operate my business in the way I feel is in the best interest of my clients,” he said in a statement. “LPL provides tools, technology, regulatory expertise, independent research and back-office support, allowing me to focus more time and resources on my clients and provide even greater personalized service. I’m confident that this will greatly enhance the value I can provide to clients,” he added.
Scott Posner, LPL's executive vice president of business development, said LPL looks forward so supporting Kesselman's team. “We believe that advisors know their clients best, and they should be able to build a perfect practice that helps them deliver what their clients need and value,” he said.