LPL Financial said a firm of around $ 300 million has joined its institutional services platform since Raymond James and Group of advisers network company Royal alliance.
Sandstone Wealth Management, the newly renamed Nebraska-based, family-owned Geneva investment program Heartland Bank, aligned with JFC advisor network, according to LPL.
JFC, based in Lincoln, Nebraska, supports LPL-affiliated advisors with operations, compliance and other services, according to the company’s website.
Sandstone is managed by a financial advisor Tyler daly, who is joined by another advisor Mike Theis and two assistants, says LPL.
Daly chose LPL and JFC with the goal of lowering annual fees for customers and creating a more differentiated customer experience, LPL says.
“We have found that LPL has a truly robust online retirement planning portal and other enhanced technology offerings that will help us streamline our business to focus more on clients and make their investment experiences even better.” Daly said in a statement.
“Having a local group here in our corner is a huge advantage. We can develop personal relationships with the JFC team and expand our network, ”he added.
Before moving to LPL, Daly spent 12 years with Raymond James. His career in industry began in 2006 at Morgan stanley, according to his BrokerCheck save.
Theis was registered with the Royal Alliance from 2018, and before that he spent two decades at Transamerica Financial Advisors. He got his start in the industry at American Capital Financial Services in 1983, according to its BrokerCheck file.
LPL says it supports around 800 financial institutions, including investment programs in banks and credit unions.