LPL Financial LLC announced today that financial advisors James
“Jamie” P. Debuque, CPFA®, CPWA®, CRPC™ and Timothy M. Baltz,
CPFA®, CRPC™ have launched a new independent practice, Continuity
Private Wealth, through affiliation with LPL Financial’s supported
independence model, LPL Strategic Wealth Services. They reported
having served approximately $1 billion in advisory, brokerage and
retirement plan assets* and join LPL from Merrill Lynch.
Based in Doylestown, Pa., the seasoned advisors partnered nearly
15 years ago to build out a private wealth team focused on helping
affluent clients manage sophisticated estate and tax planning, as
well as investment issues. They are joined by longtime Chief
Operating Officer Wendy A. Fratrik, CRPC™, Client Relationship
Manager Nicole Ferrara and Wealth Management Associate Lisa Baltz,
all whom share their passion for helping people connect pieces of
their financial lives to work toward their goals.
“We have a long history in the community, having built our
practice through both M&A and a large referral network, and our
team has cultivated meaningful relationships with multiple
generations,” Fratrik said, noting their client base is comprised
of high-net-worth families, business owners, executives and
professionals. “It’s our goal to provide exemplary services and
financial education to help each client understand complex topics
without the financial jargon.”
Looking for more autonomy as they create their ideal practice,
along with the ability to enhance their offering with more
high-net-worth services, the team turned to LPL Strategic Wealth
Services.
“We were drawn to LPL’s advisor-centric culture that gives us
the flexibility to run our business as we see fit,” Debuque said.
“By making this move, we now have the freedom to follow a fiduciary
standard for our clients without corporate influence. We have
access to more investment selections, robust financial planning
software and a group of specialists who will help us create
differentiated experiences for clients.”
The team was drawn to LPL’s comprehensive supported independence
solution, LPL Strategic Wealth Services (SW), which combines the
freedom and flexibility of entrepreneurship with hands-on business
services and support to help practices thrive, both operationally
and strategically. In addition to having access to LPL’s innovative
wealth management platform and sophisticated resources, SW advisors
benefit from a truly integrated service that includes simplified
pricing, technology and dedicated support to launch their practice.
Then, after the transition is complete, SW teams receive ongoing
operations support managed by their team of experienced
professionals including a business strategist, marketing partner,
CFO and administrative assistant. Advisors have one point of
contact, a dedicated team and priority access to advocacy and
project management for complex business issues, ultimately allowing
them to stay focused on the enduring needs of their clients and the
culture and evolution of their practice.
Additionally, because the Continuity team serves numerous
high-net-worth clients, it was equally important to partner with a
firm that offers dedicated Private Wealth resources and customized
solutions to support those clients’ unique and sophisticated needs.
LPL currently serves $130 billion in high-net-worth AUM and has
developed high-net-worth-specialized resources in areas like
advanced estate and philanthropy planning, income tax strategy,
trustee services, a robust alternative investment platform, banking
and lending solutions and complex life insurance planning.
“We are excited to be able to offer our clients comprehensive
financial services in alignment with their personal tax and estate
planning goals, without limitations,” Baltz said. “By making this
move, we now have access to a combination of high-net-worth
resources and specialists we can lean on for complex
situations.”
Scott Posner, LPL Executive Vice President, Business
Development, stated, “We extend a warm welcome to Jamie, Tim, Wendy
and their team and congratulate them on the launch of Continuity
Private Wealth. We are honored to be their chosen partner as they
build out the next phase of their ideal practice. We’ve seen a
growing trend of advisors looking for more autonomy; to be the CEO
and call the shots for their practice while still having access to
sophisticated resources and an open-architecture platform. LPL’s
Strategic Wealth Services allows advisors to do just that—to run
their business on their terms and decide what’s best for their
clients, all while receiving comprehensive modern services and
support. We look forward to supporting Continuity Private Wealth
for years to come.”
Related
Advisors, find an LPL business development
representative near you.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and enterprises, and not the other way around. Today,
LPL is a leader in the markets we serve, serving more than 22,000
financial advisors, including advisors at approximately 1,100
enterprises and at approximately 570 registered investment advisor
("RIA") firms nationwide. We are steadfast in our commitment to the
advisor-mediated model and the belief that Americans deserve access
to personalized guidance from a financial professional. At LPL,
independence means that advisors and enterprise leaders have the
freedom they deserve to choose the business model, services and
technology resources that allow them to run a thriving business.
They have the flexibility to do business their way. And they have
the freedom to manage their client relationships, because they know
their clients best. Simply put, we take care of our advisors and
enterprises, so they can take care of 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 only from the United States. Continuity Private
Wealth and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors”
and “advisors” are used to refer to registered representatives
and/or investment advisor representatives affiliated with LPL
Financial.
We routinely disclose information that may be important to
shareholders in the "Investor Relations" or "Press Releases"
section of our website.
*Value approximated based on asset and holding details provided
to LPL from end of year, 2023.
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