CHARLOTTE, NC, April 26, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisor Michael Gavett has joined LPL, affiliating with Linsco by LPL, the firm’s employee advisor model. He will be the first advisor in a new Linsco office based in Dallas. Gavett reported having served approximately $265 million in advisory, brokerage and retirement plan assets* and joins LPL from B. Riley Wealth Management.
With nearly 25 years of industry experience, Gavett has built his business from the ground up by providing individuals, executives and small business owners with personalized financial plans, financial education and investment advice. “My business is high contact and very direct to help clients understand and have a good perspective on the strategies we put in place to help them work toward their financial goals,” he said.
Gavett said his calling to help people, coupled with his commitment to operating with clients’ best interests in mind, led him to launch Bespoke Private Wealth of LPL Financial. “The industry is evolving quickly, and it was important for me to be part of a leading wealth management firm with a wide variety of innovative resources,” Gavett said.
Video: Meet Michael Gavett
After extensive research, Gavett turned to Linsco by LPL, which provides brand autonomy and the freedom to run his business on his own terms without the demands of business operations. With access to LPL’s integrated wealth management platform and innovative resources, Linsco advisors are equipped with the tools they need to create differentiated experiences for clients. On top of this, Linsco advisors receive comprehensive turnkey support that includes a dedicated marketing consultant, administrative professional services and an experienced branch management team to help support their goals and strategy.
“LPL’s independent channel is very complete and robust, and the resources from the employee model allow me to have dedicated support so I can focus on taking care of my clients,” Gavett said. “I’m also excited about the enhanced platform for my clients. With Account View, they’ll have a comprehensive look at their entire financial situation, with goal setting capabilities and easy to read statements all in one place.”
With the launch of Bespoke Private Wealth of LPL Financial, LPL will open a new Linsco office in Dallas. The office will have space for several more advisors in the future and is expected to become one of Linsco’s larger sites.
Scott Posner, LPL executive vice president, Business Development, said, “We congratulate Mike on the launch of his new practice and are thrilled to welcome him into the LPL community. We are deeply committed to understanding what advisors need to be successful, and then we invest and innovate to deliver solutions that empower them to thrive. By providing a range of affiliation models, with innovative technology, robust resources and practice management support, we aspire to make it easier for financial advisors to build, grow and evolve a practice that meets the needs of their clients. We are excited to expand our Linsco presence in Dallas and look forward to supporting Bespoke Private Wealth of LPL Financial for years to come.”
Learn more at Bespoke Private Wealth of LPL Financial | www.bpw.lpl.com
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About LPL Financial:
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,** supporting nearly 20,000 financial advisors, and approximately 800 institution-based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
**Top RIA custodian (Cerulli Associates, 2020 US RIA Marketplace Report); No. 1 Independent Broker-Dealer in the US (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.
* Value approximated based on asset and holding details provided to LPL from the year 2021
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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 LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
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