Two advisory teams managing a combined $275 million in client assets have joined Linsco by LPL Financial, an employee advisor channel of LPL Financial LLC, the company said.

Financial advisor Chris Corcoran, formerly with Merrill Lynch, where he managed $130 million in client assets, will be the first tenant in a new Linsco office in Houston. Corcoran will now operate as Memorial Financial Advisors of LPL Financial, named after the affluent, suburban Memorial area of Houston. 

An industry veteran with nearly 25 years of experience, Corcoran works primarily with oil and gas engineers. 

“I entered financial services because I saw the impact it has on a person’s life,” Corcoran said in the news release. “I found that many people don’t have the experience or inclination to create a plan for their financial future, but with the right guidance and processes in place, they are better prepared to send their children to college, retire comfortably, and distribute wealth to the next generation.”

Financial advisors Matt Jackson and Adam Callender join LPL from Truist, where they oversaw $145 million in assets under management (AUM). Operating as The Jackson Callender Group, their team also includes Registered Client Service Associate Tiffany Nessmith. The trio will work remotely from Northeast Florida, according to a news release. 

With a combined total of 22 years of financial services experience, Jackson and Callender started working together in 2006, when they were initially employed in the mortgage industry, then transitioned to the wealth management field in 2010. Their practice specializes in retirement planning, investment solutions, and risk-management strategies.

“Our process begins by understanding each client’s goals and learning about their family and interests,” Jackson said in the news release. “Then, we tailor a combination of strategies for each client, helping them understand and adjust for the impact of key events in the market as they work toward financial success.”

As the anchor tenant in the new Houston Linsco office, Corcoran said in the news release that he hopes to set the tone for an open, welcoming and friendly environment as he looks forward to the next phase of his career.

“I’ve met with every large financial services firm over the past two years, and with LPL, I feel like I’ve found a true partner to help me create a practice on my own terms,” he said. “I wanted to be a W2 employee so I didn’t have to worry about real estate or running the business, but I also wanted flexibility to control my own practice. Linsco combines the best of both worlds.”

Callender said he and Jackson interviewed with seven firms during their due diligence process before deciding that LPL would be the best partner to meet their needs and those of their clients.

“LPL stood out as the best place where we can service our clients and grow our business,” he said. “Linsco is a nice blend of what we were looking for. It empowers us to make our own decisions, while also giving us a technology upgrade, easier processes, and dedicated support to help with operations so we can keep focus on helping our clients.”

Headquartered in Fort Mill, S.C., San Diego, and Boston, LPL Financial LLC supports more than 21,000 financial advisors nationwide.