SAN DIEGO, July 14, 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 Weissenburger Investments & Financial Planning has joined the LPL Financial broker-dealer and RIA custodial platforms. The firm, named for its principal, Tom Weissenburger, also consists of financial advisor David Olberding and four professional support staff. Weissenburger Investments & Financial Planning reported that, as of May 31, 2015, it serviced approximately $220 million in advisory and brokerage client assets**.
Based in Clive, Iowa (a suburb of Des Moines), Weissenburger Investments & Financial Planning serves a diverse client base of private individuals and families across 30 states, with the majority located within Iowa. Offering both fee- and commission-based advisory services, the firm provides comprehensive financial planning for all phases of its clients’ financial lives, from asset gathering and asset management to retirement planning and income generation, and also assists in estate planning and multigenerational strategies.
“We are very pleased to join LPL,” said Weissenburger. “Our firm has a highly diverse client base and a hybrid commission- and fee-based business model, and we found that we needed a technological platform that would better suit both our clients and our practice. We believe that LPL’s technology will create considerable efficiencies for us in managing our business day to day so that we can spend more time with our clients.”
Drawing on his background as a high school math teacher before switching to a career in financial planning, Weissenburger has made financial education a key component of the firm’s service offering and its client relationships. “We spend a lot of time educating our clients on their investments, and we believe that educational component tends to lead them toward making better decisions,” Weissenburger said. “We encourage them to be very involved in the process. That’s how we’ve built our practice, and we look forward to continued growth and success with the support of LPL.”
“Tom Weissenburger and his team have built a distinguished and highly successful business within the independent space, and we are proud they have now chosen LPL to enhance their business,” said Steve Pirigyi, executive vice president of business development, LPL Financial. “We look forward to providing the resources they need to pursue their strategy to grow their firm and to help their clients work toward their long-term financial goals.”
*Based on total revenues, Financial Planning magazine, June 1996-2015
**Asset numbers were reported by Weissenburger Investments & Financial Planning based on prior business of its affiliated financial advisors and their prior firm, and have not been independently and fully verified by LPL Financial.
About Weissenburger Investments & Financial Planning
Based in Clive, Iowa, Weissenburger Investments & Financial Planning is an independent financial advisory firm that provides comprehensive, holistic financial planning for private individuals and families. Founded by Tom Weissenburger, the firm helps each client develop, implement, and monitor a financial strategy designed to address the client’s individual situation. Licensed in 30 states, Weissenburger Investments & Financial Planning serves a diverse client base in Iowa and across the United States. Offering both brokerage and fee-based advisory services, the firm encourages its clients to be highly informed and engaged in the investment process. For more information, please visit www.weissenburgerinvestments.com.
Investment advice for Weissenburger Investments & Financial Planning is offered through Weis Advisory LLC, a registered investment advisor, and a separate entity from LPL Financial.
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.
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