4Point Wealth Management Partners with LPL Strategic Wealth Services
4Point Wealth Management Joins LPL Strategic Wealth Services
SAN DIEGO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Christina McConnell, CRC, ADPA, Laura Long, CRPC, AWMA, MBA, and Jay Tillman, CPWA, CIMA, CFP, RICP, CLU, have aligned with LPL Financial’s supported independence model, LPL Strategic Wealth Services (SW). The team reported overseeing approximately $375 million in advisory, brokerage, and retirement plan assets and has transitioned from Wells Fargo Financial Advisors Network (FiNet).
Based in Davidson, North Carolina, just north of Charlotte, 4Point Wealth Management was founded in 2006 with a commitment to support each client’s distinct wealth journey and quest for financial independence. The team boasts over 50 years of collective industry experience, specializing in comprehensive retirement planning, asset allocation analysis, executive compensation, and goal-oriented financial planning. They are backed by experienced Client Services Manager Randi Derene.
“We are dedicated to supporting every client's significant life moments,” McConnell stated, emphasizing that the name 4Point symbolizes the four cornerstones of effective wealth management: building, managing, protecting, and transitioning wealth. “Our business has grown organically over time by delivering top-notch service and nurturing meaningful relationships that transcend traditional investment management.”
In response to evolving client expectations and industry dynamics, the 4Point team embraced independence in 2021. In pursuit of greater autonomy and the ability to grow their business on their own terms, they opted for LPL Strategic Wealth Services.
“Staying true to our core principles, we recognized the need to evolve as a team and establish a more favorable environment where we enjoy true independence, supported by a partner who shares our values and commitment to clients,” Long remarked. “Partnering with LPL empowers us to be more transparent as we strengthen our client relationships. With access to cutting-edge technology and strategic resources, we can now provide more tailored investment choices and superior service experiences.”
The team has affiliated through LPL’s complete supported independence solution, LPL Strategic Wealth Services. This model merges the flexibility of entrepreneurship with essential business services and support, designed to help practices thrive operationally and strategically. In addition to utilizing LPL’s innovative wealth management platform and advanced resources, SW advisors gain from an integrative service experience, encompassing simplified pricing, technology, and dedicated support to help launch their practice. Post-transition, SW teams enjoy ongoing operational assistance managed by seasoned professionals, including a business strategist, marketing partner, CFO, and administrative assistant. Advisors benefit from a single point of contact, a dedicated support team, and immediate access to advocacy and project management for intricate business challenges, all while enabling them to concentrate on their clients’ enduring needs and the growth of their practice's culture.
“We truly value the remarkable support from LPL, particularly regarding business development, marketing tactics, and operational effectiveness,” Tillman shared. “We are eager to harness the autonomy to shape our practice according to our vision and cultivate a culture that genuinely reflects our values and dedication to our clients. This new chapter will allow us to dedicate more time to our clients, introducing an array of fresh products, services, support, and tools for even more personalized financial strategies.”
Scott Posner, LPL Executive Vice President of Business Development, expressed, “We are pleased to welcome Christina, Laura, Jay, and Randi to the LPL Strategic Wealth Services community. It is a privilege to be their selected partner as they embark on the next phase of their ideal practice, which centers on prioritizing their clients’ best interests. We are devoted to providing sophisticated resources and a flexible platform that enables advisors to leverage the tools that best suit their business. Furthermore, the LPL Strategic Wealth Services team will be there to offer a comprehensive range of modern services and support at every stage. We anticipate a long-term, successful partnership with 4Point Wealth Management.”
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should serve advisors and institutions, not the other way around. Today, LPL is a leader in the sectors it serves, providing services to over 23,000 financial advisors, including those at approximately 1,000 institutions and around 580 registered investment advisor ("RIA") firms nationwide. LPL is committed to the advisor-mediated model and strives to ensure that Americans receive reliable guidance from financial professionals. At LPL, independence signifies that advisors and institution leaders possess the freedom they need to decide the business model, services, and technology resources best suited for a successful business. They can operate in the way that fits them best while maintaining strong client relationships based on their intimate understanding of their clients. In short, LPL supports its advisors and institutions, allowing them to care for their clients.
Securities and Advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies offer financial services solely within the United States. 4Point Wealth Management and LPL Financial are distinct entities.
Frequently Asked Questions
1. What prompted 4Point Wealth Management to join LPL Financial?
4Point Wealth Management sought greater autonomy and flexibility to expand their business and enhance client relationships, leading them to LPL Financial's supportive independence model.
2. What are the core areas of expertise for 4Point Wealth Management?
The team specializes in comprehensive retirement planning, asset allocation analysis, executive compensation, and goals-based financial planning, aiming to support diverse client needs.
3. How does LPL Strategic Wealth Services benefit its affiliated advisors?
LPL Strategic Wealth Services offers advisors access to advanced technology, strategic resources, ongoing operational support, and an environment conducive to independence and growth.
4. Who are the members of the 4Point Wealth Management team?
The team consists of Christina McConnell, Laura Long, and Jay Tillman, along with Client Services Manager Randi Derene, all bringing extensive experience to their advisory roles.
5. What does the future hold for 4Point Wealth Management after this transition?
The firm is excited to leverage their new partnership with LPL to enhance client service offerings and introduce new financial products, focusing on personalized strategies and operational excellence.
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