LPL Financial Welcomes Paddock and Pine Wealth Partners Led by Stephen Carleton and Tom Niles

Strategic Insights -

LPL Financial LLC announced the addition of financial advisors Stephen Carleton and Tom Niles to their employee advisor channel, Linsco by LPL Financial, with the launch of Paddock and Pine Wealth Partners. The team joins with approximately $330 million in advisory, brokerage, and retirement plan assets and nearly 55 years of combined experience. Carleton and Niles will be servicing high-net-worth individuals and families, pre-retirees, and those working to grow their wealth and plan for retirement.

Key Takeaways:

  • Stephen Carleton and Tom Niles have joined LPL Financial's Linsco by LPL Financial with their firm, Paddock and Pine Wealth Partners, serving approximately $330 million in advisory, brokerage, and retirement plan assets.
  • The team brings nearly 55 years of combined experience, with Carleton focusing on high-net-worth individuals and families and Niles specializing in pre-retirees and those working to grow their wealth and plan for retirement.
  • Paddock and Pine Wealth Partners will utilize LPL Financial's Linsco model, offering access to an integrated wealth management platform, robust business resources, and support from an experienced field management team.
  • Carleton and Niles cited LPL Financial's values, including advisor independence, alignment with client interests, and support for diverse backgrounds, as key factors in their decision to join the firm.
  • Scott Posner, LPL managing director, business development, welcomed Carleton and Niles to the Linsco community, emphasizing the firm's commitment to supporting advisors in running their businesses independently with advanced technology and resources.
  • LPL Financial supports over 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans.

Statistics:

  • LPL Financial has nearly 29,000 financial advisors and supports approximately 1,100 financial institutions.
  • The firm has $1.9 trillion in brokerage and advisory assets under custody and administration, serving approximately 7 million Americans.
  • Paddock and Pine Wealth Partners joined LPL Financial with approximately $330 million in advisory, brokerage, and retirement plan assets.

Sources:

  • LPL Financial LLC
  • NASDAQ: LPLA
  • www.lpl.com
  • FINRA/SIPC (member)
  • Investor Relations or Press Releases section of LPL Financial's website