Financial adviser Alex Williams, CFP, recently joined LPL Financial’s broker-dealer, registered investment adviser, and custodial platforms to launch a new independent practice: Stable Wealth. He reported serving approximately $170 million in advisory, brokerage, and retirement plan assets and joins LPL from Edward Jones.
Based in Olympia, Wash., Williams is a 25-year veteran of the financial services industry and past regional leader who enjoys putting the investment strategies and comprehensive financial plans in place to help clients take more control of their financial journey.
In going independent, Williams founded Stable Wealth to create differentiated experiences for clients as they work toward their best retirement. He is joined by registered administrative assistant Cindi Mitchell.
“Moving to LPL was a strategic decision driven by my desire for greater flexibility and the freedom to better serve clients,” said Williams. “I have a commitment to adapt to this ever-changing financial landscape. As client expectations continuously evolve, it became clear that I needed a partnership that could support their increased needs.”
Williams noted the decision to move to LPL was not made lightly. He researched many firms and other opportunities before deciding that LPL’s depth of planning tools and business resources would help him be more hands-on in his approach to helping clients manage their portfolios in a scalable way.
“I can now offer more holistic planning, which includes advanced tax and estate planning, as well as alternative investment opportunities,” added Williams.
The move also allows for dedicated localized support from Financial Advocates, an existing LPL firm that offers concierge-level services to independent advisers in the Pacific Northwest.
The addition of Williams is the third ex-Edward Jones adviser coming to LPL this summer. Countiss Wealth Management brought over $200 million in assets and financial adviser Tre Panagos joined with $265 million in assets, both in July.
Scott Posner, LPL executive vice president of business development offered welcome remarks to Stable Wealth.
“We welcome Alex and Cindi to the LPL community and congratulate Financial Advocates on growing its adviser network. At LPL, we are deeply committed to giving advisers ultimate choice and flexibility in how they build their ideal practice. We offer a wide range of innovative solutions and integrated capabilities to help advisers grow and be successful in serving the diverse needs of their clients,” said Posner.
LPL Financial Holdings Inc. serves nearly 23,000 financial advisers, including advisers at approximately 1,100 enterprises and 570 registered investment adviser firms nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled more than $1.44 trillion as of March 31, 2024.
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