CHARLOTTE, N.C., Dec. 06, 2021 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) today announced that financial advisor Brian Nydegger has launched a new independent practice, Point 32 Investment Partners, through affiliation with LPL Financial’s Strategic Wealth Services model designed to support the unique needs of breakaway advisors. Brian and his team reported having served approximately $420 million in advisory, brokerage and retirement plan assets*. They join LPL from RBC Wealth Management.
The launch of Point 32 represents the culmination of years of consideration and planning for Brian and his father, Richard Nydegger. They worked together since Brian graduated college in 1996, and planned to be partners in their new firm. They had many discussions about the vision for Point 32—a place where they could run their business the way they felt was best for their clients. But sadly, Richard passed away in May.
“The ability to work alongside my dad for 25 years is a true blessing. He was my mentor, my sounding board, and we never had one argument over the business,” Brian said. “It is an honor to carry on his legacy and fulfill his dream to truly take care of clients and prioritize their needs.”
Based in Westhampton, N.Y., the Point 32 team also includes Corrine Heaney, director of client services, and Sean Sullivan, client services associate. They work primarily with high-net-worth individuals and small businesses to provide the service, solutions and strategies needed to help create, preserve and transfer wealth. The team is also highly committed to socially responsible investing.
As they sought a new partner for their independent practice, Brian said LPL stood out because of its size, scale and the additional layer of support from the LPL Strategic Wealth Services offering. He stated, “I wanted freedom and independence to operate on my own terms, but I didn’t want the added responsibility for office operations, such as payroll, technology set up or building out the office. LPL Strategic Wealth Services is a turnkey model that not only helps with the initial startup, but also provides us with dedicated team members to strategically support my business, leaving me with more time to focus on my clients, children and community outreach.”
Committed support from LPL Strategic Wealth Services
In addition to leveraging LPL’s integrated wealth management platform and sophisticated resources needed to run a thriving practice, the LPL Strategic Wealth Services model delivers ongoing, personalized support for daily operations and long-term business management. Early in the journey, Strategic Wealth Services bridges the transition to independence by providing the team with dedicated support and services to launch their practice, including real estate build out, …….