LPL Financial announced that Texas-based First Legacy Wealth Management with $400 million in advisory, brokerage and retirement assets has joined its broker-dealer, corporate registered investment advisor (RIA) and custodial platforms.
The firm, which has offices in San Angelo and Big Spring, Texas, has aligned with JFC Advisor Network. They join LPL from Avantax Investment Services, part of Blucora.
The team includes financial advisors Dennis Reed, Lance Modawell and Steve Stone, and is supported by three full-time assistants, including Reed’s son, Walter Reed, who is working toward an advisor role. Reed and Stone have been with Avantax for more than 30 years, according to BrokerCheck. Modawell joined Avantax in 2014 after nine years at Edward Jones.
The practice, which is tax-based, strives to provide clients with individually tailored financial advice focused on tax implications and long-term goals, the release said. It said the team, working alongside certified public accountants, specializes in retirement assets, wealth growth and legacy planning. “Our priority is providing a personalized experience for our clients and being a team, they can always call on,” Reed, also a CPA, said in a statement. “We enjoy helping our clients incorporate charitable giving in their financial plans, and we also work with public charities to help them continue to serve our community.”
Reed said as the firm grew, they wanted a wealth management partner who could provide them with differentiated client experiences and more flexibility in how they operate their business. “When we realized LPL’s client-oriented business model aligned with ours, the choice to move was an easy one,” he said. “We will be backed by the firm’s dependable and unwavering support that emboldens us to dictate our business model, further develop our practice and strengthen our client relationships,” he added.