Faubourg Private Wealth Advisors, a newly formed independent financial advisory firm based in Metairie, La., has joined LPL Financial’s broker-dealer platform, LPL announced Thursday.
Faubourg will provide fee-based services to clients through Level Four Wealth Management, an independent advisor group serving more than 120 independent advisors across the U.S. on LPL’s RIA platform. Based on prior business, the Faubourg advisors managed approximately $175 million in assets, LPL says.
Faubourg advisors formerly served bank-based private clients. The firm has six financial professionals, including three licensed advisors, and plans to focus on attracting additional advisors from across Louisiana.