4Point Wealth Management Partners with 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 joined LPL Financial’s supported independence model, known as LPL Strategic Wealth Services (SW). The team manages approximately $375 million in advisory, brokerage, and retirement plan assets and has transitioned from Wells Fargo Financial Advisors Network (FiNet).
Located in Davidson, North Carolina, just north of Charlotte, 4Point Wealth Management was established in 2006 with a mission to guide each client on their unique wealth journey toward financial independence. With over 50 years of combined industry experience, the team specializes in comprehensive retirement planning, asset allocation analysis, executive compensation, and goal-oriented financial planning. They are supported by Randi Derene, an experienced Client Services Manager.
“We are committed to being there for our clients during their significant life events,” McConnell said, noting that the name 4Point represents the four essential pillars of effective wealth management: building, managing, protecting, and transitioning wealth. “Our growth has come from delivering exceptional service and fostering meaningful relationships that go beyond traditional investment management.”
In response to changing client expectations and the evolving industry landscape, the 4Point team embraced independence in 2021. They sought greater freedom and the ability to grow their business according to their own vision, leading them to choose LPL Strategic Wealth Services.
“Staying true to our core values, we recognized the need to adapt as a team and create a more favorable environment where we can enjoy true independence, supported by a partner who shares our commitment to clients,” Long commented. “Partnering with LPL allows us to enhance transparency as we strengthen our client relationships. With access to innovative technology and strategic resources, we can now offer more personalized investment options and exceptional service experiences.”
The team has affiliated with LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services. This model combines the flexibility of entrepreneurship with essential business services and support, designed to help practices thrive both operationally and strategically. By utilizing LPL’s innovative wealth management platform and advanced resources, SW advisors benefit from an integrated service experience that includes simplified pricing, technology, and dedicated support to help launch their practice. After transitioning, SW teams receive ongoing operational assistance from seasoned professionals, including a business strategist, marketing partner, CFO, and administrative assistant. Advisors enjoy a single point of contact, a dedicated support team, and immediate access to advocacy and project management for complex business challenges, allowing them to focus on their clients’ needs and the growth of their practice's culture.
“We truly appreciate the incredible support from LPL, especially in business development, marketing strategies, and operational efficiency,” Tillman shared. “We are excited to have the autonomy to shape our practice according to our vision and foster a culture that genuinely reflects our values and commitment to our clients. This new chapter will enable us to dedicate more time to our clients, introducing a variety of new products, services, support, and tools for even more personalized financial strategies.”
Scott Posner, LPL Executive Vice President of Business Development, stated, “We are thrilled to welcome Christina, Laura, Jay, and Randi to the LPL Strategic Wealth Services community. It is an honor to be their chosen partner as they embark on this new phase of their ideal practice, which focuses on prioritizing their clients’ best interests. We are committed to providing advanced resources and a flexible platform that allows advisors to utilize the tools that best fit their business. Additionally, the LPL Strategic Wealth Services team will be there to offer a comprehensive range of modern services and support at every stage. We look forward to 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, rather than 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 dedicated to the advisor-mediated model and strives to ensure that Americans receive reliable guidance from financial professionals. At LPL, independence means that advisors and institution leaders have the freedom to choose the business model, services, and technology resources that best suit their success. They can operate in a way that aligns with their values while maintaining strong client relationships based on a deep understanding of their clients. In essence, LPL supports its advisors and institutions, enabling 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 provide financial services solely within the United States. 4Point Wealth Management and LPL Financial are separate 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.
