LPL Financial has recruited a Securities America financial advisor who managed about $110 million in brokerage, advisory and retirement plan assets to join its broker-dealer, corporate registered investment advisor and custodial platforms, LPL announced today.
Based in Sewell, N.J., Gary Stiles provides holistic financial planning with support from a paraplanner and office assistant. Stiles said his team specializes in retirement income distribution planning, with an eye toward tax efficiency. “Our business was designed to be a one stop shop where we can offer comprehensive financial advice to our clients and then explain how it will impact various tax scenarios,” he said in a statement.
Stiles, who had been with Securities America since 2002, said he began his search for a new firm last year after Securities America was acquired by Advisor Group. “It was time to join a new firm that would help ensure my clients’ best interests are put first,” he said.
“As a publicly traded company, I believe LPL will provide my business and clients with long-term stability,” he added, noting that LPL’s vertically integrated platform will streamline clearing and custodial services.
Rich Steinmeier, LPL Financial managing director and divisional president, business development, said, LPL looks forward to working with Stiles and his team. “With access to digital capabilities, personalized service and innovative solutions that support business ownership, our advisors are able to evolve the way they operate and deepen their value with clients.”
LPL Financial, headquartered in Fort Mill, S.C., San Diego and Boston, is the nation’s largest independent broker-dealer.