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.
“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.