LPL Financial Welcomes Concentric Wealth Management
LPL Financial LLC has announced that Concentric Wealth Management’s advisors have made a significant transition, joining LPL's respected broker-dealer and Registered Investment Advisor (RIA) platform. Their combined advisory, brokerage, and retirement plan assets are approximately $715 million, showcasing a robust portfolio. This shift comes as Concentric moves from Avantax by Cetera, marking a pivotal change for their operation.
The Leadership at Concentric Wealth Management
The team at Concentric Wealth Management, located in Cincinnati, Ohio, is spearheaded by industry veterans Patrick Burke, CPA®, and Matt Tarka, AAMS®, CRPS®. With roots tracing back over 40 years as an accounting practice, the firm made its foray into wealth management 15 years ago. They pride themselves on their ability to cater to a diverse clientele, including business owners, retirees, and individuals seeking to enhance their financial future.
A Holistic Approach to Client Relationships
Patrick Burke emphasized the firm’s commitment to providing comprehensive services tailored to each client's unique stage of life. “Our goal is to create a seamless experience for our clients, ensuring they receive personalized and clear guidance throughout their financial journey. We understand that financial planning can often be daunting, so we prioritize building trust and open communication,” he stated.
Reasons Behind the Move to LPL Financial
The decision to partner with LPL Financial was driven by Concentric Wealth Management’s growth objectives. The team, which includes prominent advisors like Molly Myers, CFP®, CLU®, and Nick Groman, Esq., CFP®, sought a partner that offered the necessary support for their ambitions. “LPL provides the infrastructure we need to cultivate a high-caliber advisory practice targeting high-net-worth clients, along with access to leading technologies and investment platforms,” Tarka remarked.
Looking Ahead: The Future with LPL
Jake Burke articulated the significance of their relationship with LPL, viewing it as an integral part of how they serve their clients. “We aim to align ourselves with a partner that matches our values and supports our collaborative approach in meeting our clients' needs. This partnership with LPL is much more than a business move; it's about aligning long-term visions,” he said.
A Warm Welcome from LPL Financial
Scott Posner, Managing Director of Business Development at LPL, welcomed the Concentric Wealth Management team to their fold, stating, “We are excited to have Concentric Wealth Management join LPL. Our mission is to equip advisors with cutting-edge technology and comprehensive solutions that enhance their client services. We look forward to nurturing this partnership for the long haul.”
The Legacy of LPL Financial
LPL Financial Holdings Inc. plays a pivotal role in the U.S. wealth management arena, consolidating its position as one of the fastest-growing firms in this sector. With representation of over 29,000 financial advisors and close to 1,100 financial institutions, LPL manages around $1.9 trillion in investments on behalf of millions of Americans. With such a vast network, they offer a variety of models and technological tools essential for advisors to succeed and expand their practices effectively.
Contato para Mídia
For further inquiries, interested parties can reach out to the media relations at Media.relations@LPLFinancial.com.
Frequently Asked Questions
What is the main focus of Concentric Wealth Management?
Concentric Wealth Management primarily focuses on providing personalized wealth management services tailored to diverse clientele, including business owners and high-net-worth individuals.
Why did Concentric Wealth Management transition to LPL Financial?
They chose LPL Financial for its robust infrastructure, advanced technology, and capabilities that align with their growth aspirations and values.
Who leads Concentric Wealth Management?
The firm is led by Patrick Burke, CPA®, and Matt Tarka, AAMS®, CRPS®, seasoned professionals with extensive experience in the financial industry.
What services does LPL Financial offer?
LPL Financial provides a wide array of advisory services, investment solutions, practice management tools, and technology resources for financial advisors.
How can clients benefit from Concentric Wealth Management's services?
Clients can expect a holistic approach to wealth management, personalized financial planning, and ongoing support to help navigate their financial journeys.
