Financial advisors Matt Tabler, Mark Eberle and Mark Allison have joined LPL Strategic Wealth Services to launch Pinnacle Private Wealth Advisors, a new practice in Bellevue, Wash., the companies announced.
The advisors were formerly with Morgan Stanley, where they managed about $650 million in client assets.
The three partners have nearly a century of combined experience, and have worked together for several years. They and a support staff of four, including client services specialist Chris Rothberg, take a team approach toward helping high-net-worth families, entrepreneurs, executives, and professionals plan and manage their wealth, according to Eberle.
“We all came into this business with the goal of helping people make good choices with their money,” he said in the news release. “Our business is driven by personal relationships with our clients. It’s so satisfying to help them with the burden of managing their wealth, taking some of the stress off their plates so they can focus on living a more fulfilled life.”
“We have always worked for the client, not for a firm,” Tabler said in the news release. “This move to independence allows us to put our clients’ needs first, without corporate influence. We believe LPL is at the top of its mountain in the independent space, offering best-in-class services and more efficient processes. We have the freedom to operate on our own terms, as well as enhanced resources that will help us elevate the client experience.”
The LPL Strategic Wealth affiliation model is designed for financial advisors who want to own their business without the burden of operational and business management responsibilities, according to LPL. The integrated service includes simplified pricing, technology, and dedicated support to launch their practice at LPL.
After the transition to LPL is complete, Strategic Wealth teams receive ongoing operations support from a team of experienced professionals that include a business strategist, marketing partner, CFO, and administrative assistant, LPL said.
“By having a dedicated team manage some of the business operations, we can wake up fresh every morning to focus solely on our clients,” Allison said in the news release. “We want our clients to be able to feel the high-touch services and individual attention that small businesses are known for, backed by the support and tools from a Fortune 500 Company in LPL. We’re here for the client and because of the client.”
“LPL’s Strategic Wealth Services allows advisors to run their business on their terms and decide what’s best for their clients, all while receiving comprehensive modern services and support,” Scott Posner, LPL executive vice president for business development, said in a prepared statement. “The Pinnacle team has built a highly successful, relationship-driven practice over the years and we look forward to supporting their next chapter as independent advisors.”
Headquartered in Fort Mill, S.C., San Diego, and Boston, LPL Financial supports more than 21,000 financial advisors nationwide.