Legacy Wealth Advisors, a financial advisory practice located in Town and Country, Mo., has joined LPL Financial’s broker-dealer, RIA, and custodial platforms, the companies said.
Legacy was formerly with the Cetera Financial Group network of independent registered investment advisors and broker-dealers, where the team managed about $280 million in client assets.
Founded by Legacy President Kevin Loyd, an industry veteran with 22 years of experience, the team also includes financial advisors Calvin Keth and Jeremy Spellmeyer. The practice focuses on retirement planning and wealth distribution.
“We make it a priority to come up with an entire roadmap for our clients on how and when to take money out in the most tax-efficient way,” Loyd, host of the radio show, “When Retirement Happens, said in a prepared statement. “By getting to know them on a more personal level, we can develop personalized plans to maximize their goals and help ensure a meaningful financial legacy.”
Loyd said that LPL offered greater ease of doing business, as well as differentiated service experiences—two must-haves he and his team were looking for when they began their search for a new partner.
“With LPL being an all-encompassing firm and its own custodian, we believe it will be much easier to service our clients and lower costs,” Loyd said in a news release. “LPL’s innovative technology is streamlined and more user-friendly, and its integrated capabilities will help us be more efficient.”
Loyd said his clients would also appreciate the consolidated statements and digital tools available to access their account information.
“Ultimately, we will be able to serve clients more effectively, which is what they deserve,” he said.
Headquartered in Fort Mill, S.C., San Diego, and Boston, LPL Financial supports nearly 22,000 financial advisors nationwide.