LPL Financial Expands with Loomis Wealth Management Team
LPL Financial Expands with Loomis Wealth Management Team
LPL Financial LLC has made a significant announcement regarding its expansion efforts with the addition of Loomis Wealth Management. This new partnership brings aboard experienced financial advisors William “Bill” Curtis Loomis, III, CFP®, William Curtis “Curt” Loomis, IV, and Justin K. Hitt, who together serve approximately $180 million in advisory, brokerage, and retirement plan assets. This talented team transitioned to LPL from L.M. Kohn & Company, highlighting LPL's strong reputation within the wealth management industry.
About Loomis Wealth Management
Founded in 2010 by Bill and Curt Loomis, Loomis Wealth Management is based in Harrisonburg, Virginia. Their mission is to empower individuals and families to fulfill their financial aspirations through comprehensive and fiduciary-driven wealth management services. With over 60 years of combined experience in the financial sector, they are well-respected for their holistic approach to managing wealth in the Shenandoah Valley. Justin Hitt, who joined the firm in 2023 following a decade-long teaching career, complements the team with his educational background and commitment to client success.
Commitment to Personalized Client Service
Bill and Curt emphasize the importance of understanding their clients' unique circumstances. “We take the time to get to know our clients, their lifestyle, their family, and their financial aspirations,” Curt stated. This personal touch enhances their client relationships and allows them to tailor their investment strategies effectively. Recognizing that no two clients' financial needs are alike, the team is dedicated to customizing solutions that are as unique as the individuals they serve.
Finding the Right Fit with LPL
The decision for Loomis Wealth Management to partner with LPL was driven by a desire for greater autonomy and a more sophisticated technological infrastructure. “LPL is a forward-thinking firm that is dedicated to ongoing investment in resources that help advisors provide an exceptional client experience,” Hitt mentioned. With access to an integrated technology platform, the Loomis team is able to manage their operations more efficiently, using cutting-edge tools all under a single sign-on system.
Looking Ahead with LPL Financial
Scott Posner, Managing Director of Business Development at LPL, expressed enthusiasm for the new partnership. “We welcome Bill, Curt, and Justin to LPL and congratulate them on this milestone in their practice evolution.” This alliance aligns with LPL’s mission to empower advisors, enabling them to thrive while providing top-notch service to their clients.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) stands as one of the premier wealth management firms in the United States. Supporting nearly 29,000 financial advisors, LPL constantly adapts to the evolving needs of both advisors and their clients. The firm’s wide array of services tailored for advisory practices ensures flexibility in business models, investment solutions, and technological resources. With around $1.8 trillion in advisory and brokerage assets, LPL is committed to driving growth and innovation in the wealth management sector.
Frequently Asked Questions
What is Loomis Wealth Management?
Loomis Wealth Management is a financial advisory firm founded by Bill and Curt Loomis, providing comprehensive wealth management services tailored to individual needs.
Why did Loomis Wealth Management join LPL Financial?
The decision was driven by the need for improved technology offerings and a desire for enhanced client service capabilities.
What services does Loomis Wealth Management provide?
They offer a full range of services including investment management, financial planning, and risk management to help clients navigate their financial lives.
How does LPL Financial support its advisors?
LPL Financial provides various resources, including technology tools and practice management services, to empower advisors to enhance their practices.
What is the significance of this partnership?
This partnership enhances LPL's capacity in wealth management, integrating Loomis Wealth Management's expertise with LPL's robust resources.
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