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Financial Planning > Behavioral Finance

LPL Adds $360M Team in Oklahoma

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Independent broker-dealer LPL Financial (LPLA) said Thursday that Shaw Financial Services, which has about $360 million of client assets, has moved LPL’s broker-dealer and corporate RIA platforms. The group, which has offices in Tulsa and Edmond, Okla., was previously affiliated with Lincoln Financial Securities.

Bill Morrissey“We are pleased to welcome Shaw Financial Services to LPL Financial,” said Bill Morrissey (right), executive vice president of business development at LPL Financial, in a press release. “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.”

Shaw Financial, which focuses on serving clients with a wide range of assets, is led by owners Charlotte Shaw, president, and husband Gary Shaw, vice president.

“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,” Charlotte Shaw  said in a statement.

“Our slogan, ‘Empowering you through the heart of a teacher,’ captures the importance of education and its relationship to our work as financial advisors,” she explained. “It reflects our emphasis on investing in a way that is intended to be transparent and easy for our clients to understand.

LPL Financial has more than 13,400 affiliated financial advisors and 700 affiliated financial institutions. In addition, it provides more than 4,600 financial advisors licensed with insurance companies with clearing, advisory platforms and technology solutions.

Shaw Financial “enjoys an exceptional reputation in their local markets, which has resulted in the steady growth of its practice,” Morrissey added. “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.”

LPL Financial is set to host Focus13, a conference that brings several thousand advisors together for three days of technology launches, continuing education sessions, compliance workshops and networking opportunities, next week in San Diego.

Check out LPL Financial Focus13 Conference to Unveil New Mobile Apps on ThinkAdvisor.


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