JTL Wealth Partners, a Plano, Texas, firm with $250 million in brokerage and advisor assets, has joined LPL Financial’s broker-dealer and corporate registered investment advisor custodial platforms, the company announced.
The firm, founded by Jimmy Lee in 1994, was previously with Waddell & Reed Financial, the release said.
Lee is joined by Bellann Hyten, president and COO; Albert Gonzalez, senior vice president and partner; Harry Grant, chief strategy officer and executive partner; Chris Mankoff, chief portfolio strategist; four licensed financial professionals; and an office support staff member.
The team provides comprehensive wealth strategies with a personalized approach to their client base of business owners, executives and families, the companies said. Their goal is, “For clients to be better with us than without,” Lee said in a statement.
JTL cited as among the reasons for its switch LPL's integrated ClientWorks platform and its end-to-end M&A platform, which helps advisors navigate through all aspects of a deal from valuation to integration, will help them execute on their growth strategy, the release noted.
“As a partner with size and scale, LPL has a wide network of advisors, making it easier to find businesses that are the right fit as we grow our team. I can’t wait to see where this new partnership takes us,” Less said in a prepared statement.
Rich Steinmeier, LPL Financial managing director and divisional president, business development, said, “As they pursue growth through acquisition, we can play a pivotal role to make the process easier and more cost efficient by providing end-to-end support and a single point of contact throughout the entire process,” he said.
LPL Financial, headquartered in Fort Mill, S.C., San Diego and Boston, is the nation’s largest independent broker-dealer.