San Diego, CA (PRWEB) August 15, 2013
LPL Financial LLC, the nation's largest independent broker-dealer, a leading RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that Shaw Financial Services, Inc., a firm with approximately $360 million of client assets, has transitioned to the LPL Financial broker-dealer and corporate RIA platforms.
Through its offices in Edmond and Tulsa, OK, Shaw Financial Services advises a wide range of clients, from beginners dedicating as low as $250 per month to build a portfolio for their life goals, to high-net-worth clients with millions of dollars in assets. Led by owners Charlotte Shaw, President, and her husband Gary Shaw, Vice President, Shaw Financial emphasizes educating their clients and helping them to understand their current financial situation in order to make suitable decisions about their financial future.
Ms. Shaw stated, “Central to Shaw Financial is our view of our firm’s role as a financial teacher, helping our clients evaluate and understand their financial lives in order to make prudent decisions to pursue their long-term goals. Our slogan, ‘Empowering you through the heart of a teacher,’ captures the importance of education and its relationship to our work as financial advisors. It reflects our emphasis on investing in a way that is intended to be transparent and easy for our clients to understand.
“We are excited to commence our new relationship with LPL Financial. We looked for a long-term strategic partner to our business, and are very pleased with the depth of their practice management services and their investment resources. We were attracted to their extensive capabilities in compliance and their comprehensive package of assistance in branding and marketing, and were especially impressed by their technology which enables the rapid and streamlined processing of new accounts,” she said.
Bill Morrissey, Executive Vice President of Business Development at LPL Financial, said, “We are pleased to welcome Shaw Financial Services to LPL Financial. Shaw Financial is led by seasoned financial industry veterans who have a passion for financial education and enabling their clients to feel confident in making intelligent, educated investment choices suited to appropriate goals. The firm enjoys an exceptional reputation in their local markets, which has resulted in the steady growth of its practice. Equally important, we are delighted that our industry-known platforms, resources and tools continue to position our company as the destination of choice for leading independent advisory practices such as Shaw Financial across the nation.”
About Shaw Financial Services, Inc.
Based in Edmond, OK, Shaw Financial Services is committed to helping clients pursue financial goals for themselves, their families and their businesses by providing them with financial strategies designed for the future they envision. The Company prides itself in being able to relay financial strategies to its clients in a down-to-earth manner they can understand. Shaw Financial has a total of six advisors in its offices in Edmond and Tulsa, OK, and had approximately $360 million of client assets as of August 15, 2013.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2013), a top RIA custodian,* and a leading independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,400 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports more than 4,600 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit http://www.lpl.com
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*Cerulli Associates: RIA Service Agent Survey Q1 2013
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