LPL Financial Expands Team with Gallagher Wealth Management

LPL Financial Enhances Its Offerings with a New Addition

LPL Financial LLC recently announced an exciting partnership with Kevin Gallagher, AIF, who joins from Gallagher Wealth Management. This collaboration marks a significant expansion for LPL Financial and is expected to boost their wealth management services significantly. Gallagher brings an impressive portfolio, managing around $180 million in advisory, brokerage, and retirement plan assets.

Background of Kevin Gallagher

Kevin Gallagher's journey in wealth management began back in 1997 when he started his career as a floor trader. Prior to his financial pursuits, Gallagher served in the U.S. Marines, a background that lends him not only discipline but also a unique perspective on financial advising, particularly for clients from military and federal employee backgrounds.

Personalized Wealth Management Approach

Gallagher is known for his individualized approach to financial advising. He believes that understanding a client's unique circumstances and goals is foundational for providing effective strategies. By focusing on both long-term and short-term objectives, Gallagher and his team ensure that each financial plan is tailored specifically for the client's needs.

The Move to LPL Financial

In pursuit of greater autonomy and an upgraded tech platform, Gallagher and his team, including fellow advisors like U.S. Army veteran James Horris, decided to join LPL Financial. This move allows them to leverage LPL's extensive resources and innovative technology to enhance their client experience.

Increased Efficiency and Client Focus

In Gallagher’s own words, the decision to partner with LPL Financial was influenced by the firm's strong culture, reputation, and integrated technology solutions. By self-clearing and offering a range of financial tools, LPL empowers Gallagher Wealth Management to operate more efficiently, allowing them to devote more time to their clients.

Commitment to Client Success

Scott Posner, Executive Vice President at LPL, expressed enthusiasm welcoming Gallagher and his team to the firm. He highlighted that LPL is dedicated to providing advisors with the tools needed to increase client value and improve their practices. With Gallagher Wealth Management on board, LPL aims to continue its commitment to innovative solutions in wealth management.

About LPL Financial

LPL Financial Holdings Inc. (NASDAQ: LPLA) stands out as one of the fastest-growing firms within the wealth management sector across the U.S. Facilitating a network of nearly 29,000 financial advisors, LPL handles approximately $1.8 trillion in advisory and brokerage assets. The firm's diverse offerings encompass various advisor affiliation models tailored to meet the specific needs of financial professionals and their institutions.

Frequently Asked Questions

What does Gallagher Wealth Management specialize in?

Gallagher Wealth Management specializes in personalized financial advising, particularly for clients who are former or current federal employees or military members.

Why did Gallagher choose LPL Financial?

Gallagher chose LPL Financial for its strong culture, extensive technological resources, and the ability to enhance client services through efficient operations.

What are the benefits of LPL's technology for advisers?

LPL's technology allows advisers to operate more efficiently, saving time and providing better service to clients through tailored financial solutions.

How many financial advisers does LPL Financial support?

LPL Financial supports nearly 29,000 financial advisers across the country, enhancing their capabilities and services offered to clients.

What are LPL Financial’s assets under management?

LPL manages approximately $1.8 trillion in advisory and brokerage assets, making it a leader in the financial advisory sector.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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