LPL Financial announced that financial advisors Logan Reed, CFP, CEPA, CIMA, CLU, AIF, James “Jim” English III, Michael Allegra Jr., CRPC, and Matthew Fleming, CFP, 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, Connecticut, the quartet of experienced advisors is committed to providing personalized, concierge-level service to their clients. The team selected 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 operationally and strategically. With 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 when launching their practice.
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. And advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, enabling them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.
KEY QUOTES:
“We are relentless in our focus to help clients work toward their financial aspirations. 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.”
– James English
“We are thrilled to join LPL Financial and gain access to the firm’s best-in-class resources for today and in the future. 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.”
– Logan Reed
“As entrepreneurs, we want to focus on client relationships and adding value. 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.”
– Matthew Fleming
“This is a nod to the chain of islands off the coast of Branford, which holds historical significance locally and on a national level. 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.”
– Michael Allegra
“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.”
– Scott Posner, LPL Executive Vice President, Business Development
