07/12/2021

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LPL Financial, JFC Advisor Network Welcome Sandstone Wealth Management

5 min read

CHARLOTTE, N.C., Sept. 16, 2021 (Globe NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA) today announced that Sandstone Wealth Management, the financial commitment method found at Heartland Bank, has joined LPL’s Institution Companies system, aligned with JFC Advisor Network (JFC), a massive business that supports LPL-affiliated advisors. Sandstone Prosperity Management’s monetary gurus described formerly acquiring served around $300 million in brokerage, advisory and retirement strategy property*. They had been beforehand affiliated with Raymond James and Royal Alliance, element of the Advisor Group network.

Heartland Bank is a household-owned community institution dating back to 1899, now serving purchasers in 13 locations throughout central Nebraska. With the go to LPL, the expense system has been rebranded to Sandstone Wealth Management, shelling out homage to the special rock formations uncovered all through the state. Tyler Daly, a 2020 Forbes Leading Subsequent-Gen Wealth Advisor, manages the expense heart and is joined by fellow advisor Mike Theis and two assistants.

On the lookout to streamline their business, decrease once-a-year expenses for consumers and make differentiated activities, the Sandstone Prosperity Administration workforce selected to sign up for LPL and JFC for the future chapter of the enterprise. “We’ve observed that LPL has a definitely robust on the net retirement arranging portal and other increased technological innovation offerings that will support us streamline our business enterprise to concentration much more on clientele and make their expense encounters even superior,” Daly claimed.

The simple fact that JFC Advisor Community is situated in close by Lincoln, Neb., was a further large draw. “To have a nearby group listed here in our corner is a large reward. We can produce personalized interactions with the JFC staff and expand our community,” Daly claimed.

Jack Connealy, founder of JFC Advisor Network, mentioned, “JFC is exited to welcome Tyler, Mike and the Sandstone software to our household of advisors found at an establishment. They are a course act staff that we are lucky to be able to help. As a Nebraska-based mostly firm, operating with advisors situated at community banking institutions constantly takes JFC back to our roots. We glance forward to a extensive-long lasting and effective marriage with Sandstone Prosperity Administration.”

Ken Hullings, LPL senior vice president and head of enterprise recruiting, said, “We extend a warm welcome to Tyler and Mike and congratulate JFC for increasing its network. We realize the special demands and opportunities for our institutional clients and are committed to supporting them with a leading wealth administration system, progressive technological innovation, strategic consultative aid and dedicated support expertise that can help them differentiate their organization and deliver a lot more value to their customers and establishment. We glimpse ahead to supporting the overall Sandstone Prosperity Administration staff for years to come.”

Advisors, come across an LPL company growth representative near you.

About LPL Economic
LPL Economic (Nasdaq: LPLA) was established on the theory that the business should really work for the advisor, and not the other way all around. Now, LPL is a leader** in the marketplaces we provide, supporting much more than 19,000 fiscal advisors, 800 establishment-centered expenditure plans and 450 impartial RIA corporations nationwide. We are steadfast in our motivation to the advisor-centered design and the belief that Americans are entitled to obtain to objective assistance from a economical advisor. At LPL, independence signifies that advisors have the liberty they have earned to choose the enterprise product, services, and technology sources that allow for them to run their best observe. And they have the freedom to take care of their shopper relationships, because they know their clientele best. Basically set, we just take care of our advisors, so they can choose treatment of their clientele.

** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Unbiased Broker-Vendor in the U.S (Based on complete revenues, Economic Organizing magazine 1996-2021) No. 1 service provider of third-bash brokerage products and services to banking companies and credit score unions (2020-2021 Kehrer Bielan Investigate & Consulting Annual TPM Report) Fortune 500 as of June 2021

*Dependent on prior business and represents belongings that would have been custodied at LPL Economic, alternatively than third-celebration custodians. Described belongings and customer quantities have not been independently and fully confirmed by LPL Money.

Securities and advisory solutions are offered by way of LPL Economic (LPL), a registered expenditure advisor and broker-dealer (member FINRA/SIPC). Insurance policies products and solutions are supplied by LPL or its licensed affiliate marketers. Heartland Bank and Sandstone Wealth Management are not registered as a broker-seller or financial commitment advisor. Registered representatives of LPL supply goods and products and services using Sandstone Prosperity Administration, and might also be workers of Heartland Lender. These items and companies are remaining presented by LPL or its affiliate marketers, which are individual entities from, and not affiliate marketers of Heartland Financial institution, JFC Advisor Community or Sandstone Prosperity Administration. Securities and insurance policies available by way of LPL or its affiliate marketers are:

  • Not Insured by FDIC or Any Other Government Company
  • Not Bank Certain
  • Not Financial institution Deposits or Obligations
  • Might Shed Benefit

Throughout this communication, the terms “financial advisors” and “advisors” are made use of to refer to registered associates and/or financial commitment advisor associates affiliated with LPL Economical LLC. We routinely disclose details that might be crucial to shareholders in the “Investor Relations” or “Press Releases” segment of our internet site.

The Forbes Up coming-Gen Wealth Advisors rankings, produced by SHOOK Exploration, is centered on an algorithm of qualitative criterion, typically gained by phone and in-individual thanks diligence interviews, and quantitative info. Those advisors that are considered are less than 40, have a minimum of four years’ encounter, and the algorithm weighs factors like income traits, assets less than administration, compliance records, sector experience and individuals that encompass the maximum requirements of finest tactics. Portfolio functionality is not a criterion thanks to varying customer objectives and deficiency of audited data

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