SAN DIEGO, July 16, 2015 (GLOBE NEWSWIRE) -- LPL Financial LLC, the nation’s largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that Robert Brown and Timothy Aubin have joined Faubourg Private Wealth Advisors ("Faubourg"), an independent financial advisory firm based in Metairie, La. Founded in March, Faubourg is on LPL’s broker-dealer platform and provides fee-based services through Level Four® Wealth Management, an independent advisor group serving more than 120 independent advisors across the United States on LPL’s RIA platform. As of May 31, 2015, Brown and Aubin reported that based on prior business, they served a total of more than $207 million of brokerage and fee-based advisory client assets**.
“Our mission out of the gate was to grow the business by providing a compelling environment for advisors that were looking to enhance their practice and expand on the services they could provide their clients,” said David Soliman, who co-founded Faubourg Private Advisors with Tyson Vanlandingham. “We’re excited that Bob and Tim chose to partner with us over the number of options available.”
Brown and Aubin are former bank-based private client financial advisors, with 30 and seven years of experience, respectively. They join Faubourg along with a private wealth support associate. They have opened a new expansion office for Faubourg in New Orleans’ West Bank region.
Brown and Aubin provide comprehensive, holistic financial planning to a diverse client base, ranging from retail mass affluent individuals to high-net-worth individuals and families, primarily located in the New Orleans area. Brown and Aubin have built a clientele among local oil and gas professionals and small business owners.
“After a long due diligence process looking at a number of firms, we look forward to being able to take advantage of the benefits of independence by joining Faubourg Private Wealth,” said Brown. “We felt Faubourg gave us the best ability to serve our clients’ interests. Their firm provided the flexibility to tailor to our clients’ needs, a technology platform to better service those clients and access to the research and thought leadership that our clients expect.”
“The transition stage is a critical one for any advisor at any firm,” said Steve Pirigyi, executive vice president of business development at LPL Financial. “It’s great to see that David and Tyson felt supported through the transition process to LPL and that Faubourg Wealth Management was able to quickly realize the value of our technology, service and resources and almost immediately translate that value into the growth of their team with the additions of Bob and Tim. We look forward to supporting them as they help their clients strive to reach their financial goals.”
*Based on total revenues, Financial Planning magazine, June 1996-2015
**Asset numbers were reported by Faubourg Private Wealth Advisors based on prior business of its affiliated financial advisors, and have not been independently and fully verified by LPL Financial.
About Faubourg Private Wealth Advisors
Based in Metairie, La., Faubourg Private Wealth provides independent, comprehensive financial planning and investment services individually tailored to its clients’ needs. The firm’s core values center on individualized client service and operating as investment fiduciaries. Faubourg offers access to a variety of open-architecture financial products and services from a network of trusted institutions. Backed by top-level resources and state-of-the-art technology, Faubourg takes a collaborative approach to professional planning, and works with attorneys, CPAs, insurance agents, bankers, heirs, and other trusted advisors to develop both short- and long-term strategies aimed at building and preserving client wealth. For more information, visit www.fpwa.com.
About Level Four® Advisory Services
Based in Plano, Texas, Level Four® Wealth Management is committed to being the firm of the future. Level Four provides extensive business development and operational support to accounting firms and financial professionals seeking to create a holistic financial services offering. Its office of supervisory jurisdiction (OSJ) provides support services to over 120 financial professionals, and its coaching and training services drives its philosophy across its members’ practices. Its SEC-registered investment advisor (RIA), Level Four® Advisory Services, LLC, is an independent, full-service investment management firm providing a broad array of financial services, including retirement planning, tax management, estate planning, risk management, education funding, investment management, employee and executive benefits. The financial professionals at Level Four® Advisory Services have partnered with LPL Financial as their broker-dealer in order to maximize the value they can bring to clients, through LPL’s extensive range of tools and services. More information is available at www.levelfouradvisors.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the financial advice market and serves $485 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation's largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2015), is one of the fastest growing RIA custodians with $105 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of March 31, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,352 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial. A registered investment advisor, member FINRA/SIPC.
Investment advice also offered through Level Four® Advisory Services LLC., a registered investment advisor. Level Four® Advisory Services LLC, Level Four® Wealth Management, and Faubourg Private Wealth Advisors are all separate entities from LPL Financial.
LPL Financial Media Contact Lauren Hoyt-Williams 980-321-1232 Lauren.Hoyt-Williams@lpl.com