LPL Financial LLC announced today that financial advisors Logan
Reed, CFP®, CEPA®, CIMA®, CLU®, AIF®, James “Jim” English III,
Michael Allegra Jr., CRPC, and Matthew Fleming, CFP®, have launched
a new independent practice, Thimble Island Private Wealth, through
affiliation with LPL Financial’s supported independence model, LPL
Strategic Wealth Services. The team reported having served
approximately $830 million in advisory, brokerage and retirement
plan assets* while at Janney Montgomery Scott.
Based in New Haven, Conn., the quartet of experienced advisors
share a commitment to providing personalized, concierge-level
service to their clients. The 2024 Forbes Best-In-State Wealth
Management Team takes a collective approach to help ensure that
each client receives hands-on attention for their unique financial
needs.
“We are relentless in our focus to help clients work toward
their financial aspirations,” said English. “We believe success is
measured not only in market returns, but by being with clients
throughout each important milestone. We’ve been helping people plan
for their future and manage their finances for so many years that
we’re now serving fourth and fifth generations at our boutique
practice.”
The team’s passion for service and desire to elevate their
client-centric practice led them to LPL for the next chapter of
their journey.
“We are thrilled to join LPL Financial and gain access to the
firm’s best-in-class resources for today and in the future,” said
Reed, a Forbes 2023 and 2024 Best-in-State Wealth Advisor. “LPL’s
open architecture platform, robust resources and dedication to
independence are in perfect harmony with our values and goals. We
believe this move will allow us to provide an even more
comprehensive and personalized financial planning experience for
our clients.”
The team chose to affiliate via 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.
“As entrepreneurs, we want to focus on client relationships and
adding value,” Fleming said. “LPL gives us dedicated resources and
sophisticated capabilities behind the scenes to allow us to run the
business as we see fit while also ensuring clients are getting the
best care.”
With the move to LPL, they chose to rebrand the firm to Thimble
Island Private Wealth. “This is a nod to the chain of islands off
the coast of Branford, which holds historical significance locally
and on a national level,” Allegra said. “It’s a beautiful spot
that’s also very complex, which is symbolic of our business and how
we help clients navigate through complex financial landscapes.”
Scott Posner, LPL Executive Vice President, Business
Development, said, “We extend a warm welcome to Logan, Jim, Mike
and Matt and congratulate them on going independent with LPL
Strategic Wealth Services. We appreciate their steadfast commitment
to putting clients’ needs first as they build out their ideal
practice, and we will be with them each step of the way as we
deliver personalized resources, innovative business tools and a
sophisticated wealth management platform designed to help advisors
thrive. We look forward to supporting Thimble Island Private Wealth
for years to come.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and institutions, and not the other way around. Today,
LPL is a leader in the markets we serve, serving nearly 23,000
financial advisors, including advisors at approximately 1,100
institutions 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 institution 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
institutions, 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. Thimble Island
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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