Bart and Alex Lewellyn join LPL Financial, serving $320 million in assets with a focus on personalized investment strategies.
Quiver AI Summary
LPL Financial has announced that financial advisors Bart and Alex Lewellyn have joined its platforms, bringing approximately $320 million in advisory, brokerage, and retirement plan assets. Based in Medford, Oregon, the father-son duo aims to help clients achieve their financial goals through a methodical investment approach and comprehensive planning services for various clients, including engineers and business owners. The transition from their former firm, Osaic, was driven by a desire for independence and the ability to prioritize client interests, leading them to rebrand their practice as Lewellyn Wealth. LPL Executive Vice President Scott Posner expressed enthusiasm for supporting the growth of the new practice, highlighting LPL's commitment to empowering financial advisors.
Potential Positives
- LPL Financial has successfully attracted Bart and Alex Lewellyn to its platform, enhancing its advisor roster and expanding its reach in the wealth management market.
- The Lewellyn team brings approximately $320 million in advisory, brokerage, and retirement plan assets, contributing significantly to LPL's asset base.
- The transition reflects LPL's reputation as a leading wealth management firm, demonstrating its appeal to experienced advisors seeking independence and the ability to operate in their clients' best interests.
- The rebranding of the Lewellyn practice to 'Lewellyn Wealth' signals a strategic positioning that aligns with client-focused investment approaches, which may attract more clients to LPL's services.
Potential Negatives
- The transition of the Lewellyn team from Osaic may indicate potential dissatisfaction or instability at their previous firm, which could raise concerns about LPL's ability to retain advisors.
- The press release emphasizes extensive due diligence by the Lewellyns, suggesting that LPL was not their first choice, which could reflect negatively on the firm's appeal compared to competitors.
- The mention of rebranding from Lewellyn Financial Management to Lewellyn Wealth could imply a significant shift in business focus that may not resonate with existing clients.
FAQ
Who are Bart and Alex Lewellyn?
Bart and Alex Lewellyn are father and son financial advisors who recently joined LPL Financial, serving approximately $320 million in assets.
What services does Lewellyn Wealth provide?
Lewellyn Wealth offers investment services, retirement planning, insurance strategies, and complex planning for a diverse range of clients.
Why did the Lewellyns choose LPL Financial?
The Lewellyns chose LPL for its reputation, independence, discretion, and advanced technology to better serve their clients' interests.
What is the significance of the stag logo?
The stag logo represents growth and protection, reflecting Lewellyn Wealth's commitment to safeguarding clients' wealth.
What makes LPL Financial a leading wealth management firm?
LPL Financial supports over 28,000 advisors and provides various services, technology, and flexible business models to enhance client relationships.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LPLA Congressional Stock Trading
Members of Congress have traded $LPLA stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here's a breakdown of recent trading of $LPLA stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 07/18.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$LPLA Insider Trading Activity
$LPLA insiders have traded $LPLA stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here's a breakdown of recent trading of $LPLA stock by insiders over the last 6 months:
- ANERI JAMBUSARIA (Managing Director) sold 305 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LPLA Hedge Fund Activity
We have seen 314 institutional investors add shares of $LPLA stock to their portfolio, and 339 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,577,102 shares (-100.0%) from their portfolio in Q3 2024
- PRICE T ROWE ASSOCIATES INC /MD/ removed 1,483,931 shares (-70.7%) from their portfolio in Q3 2024
- BOSTON PARTNERS added 1,212,715 shares (+64.3%) to their portfolio in Q3 2024
- FIRST TRUST ADVISORS LP added 901,509 shares (+1007.0%) to their portfolio in Q3 2024
- MARSHALL WACE, LLP added 863,254 shares (+inf%) to their portfolio in Q3 2024
- FMR LLC added 650,675 shares (+24.4%) to their portfolio in Q3 2024
- MORGAN STANLEY removed 596,159 shares (-40.6%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN DIEGO, Jan. 08, 2025 (GLOBE NEWSWIRE) --
LPL Financial LLC
announced today that father and son financial advisors Bart Lewellyn and Alex Lewellyn have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $320 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.
Based in Medford, Ore., Bart established the firm in 1995 to help clients accumulate wealth and invest their assets in a goal-oriented manner. Alex joined the firm in 2012 — something he had been planning since his youth. Together, they provide investment services, retirement planning, insurance strategies and complex planning services to a broad range of clients, including lineman engineers, business owners and multigenerational families.
"Our investment approach is methodical and purposeful," Alex explained. "Our goal is to provide our clients with a comprehensive understanding of the investment options available to them, focusing on those with the greatest potential for success. We prioritize what's most important to them, which in turn allows clients to spend more time living their life and doing what they enjoy."
Looking for a new wealth management firm, the Lewellyn's embarked on an extensive due diligence process that led them to LPL.
"We always wanted our name on the door, discretion, independence and the ability to operate in our clients' best interests," Alex said. "LPL's standing as a leading wealth management firm ensures that we have all of that, as well as access to innovative technology, support and flexible solutions. We are confident that this transition will enable us to maintain our commitment to the highest level of service for our clients."
With the transition to LPL, the team rebranded its practice from Lewellyn Financial Management to Lewellyn Wealth. Their refreshed logo features a stag, representing growth and protection, which Alex says, "reflects how we view ourselves as protectors of our clients' wealth."
Scott Posner, LPL Executive Vice President, Business Development, said, "We welcome Bart and Alex to LPL and look forward to supporting the growth and success of their practice. LPL is a champion for advisors, and our vision is to be the best firm to help our clients define and maximize their success throughout the entire lifecycle of their businesses. We do this by delivering personalized support, integrated capabilities and a flexible operating environment to help advisors expand their value proposition and build stronger connections with clients."
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 28,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit
.
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC.
LPL Financial and its affiliated companies provide financial services only from the United States. Lewellyn Financial and LPL are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "
Investor Relations
" or "
Press Releases
" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2024.
Media Contact:
Media.relations@LPLFinancial.com
(704) 996-1840
Tracking #675948
