LPL Financial Welcomes Buell Wealth Management to Its Platform

LPL Financial Holdings Inc. has officially announced a notable expansion of its network by welcoming Buell Wealth Management, a prominent advisory team with a rich legacy in the financial services sector. The integration of Buell Wealth Management into LPL’s broker-dealer and Registered Investment Advisor (RIA) platform marks a significant milestone for both entities, highlighting LPL's commitment to enhancing its services and expanding its reach in the wealth management landscape.

Buell Wealth Management is based in Glastonbury, Connecticut, and is led by Chief Executive Officer Chris Berris, who boasts over 40 years of experience in the financial industry. Under Berris’s leadership since 1997, the firm has cultivated a reputation for excellence, originating from its predecessor, Buell Securities Corporation, which has roots dating back to 1921. The five advisors at Buell Wealth Management collectively bring an impressive 187 years of experience to their clients, averaging 37 years in the industry.

With approximately $370 million in advisory, brokerage, and retirement plan assets, Buell Wealth Management serves a diverse client base comprised of high-net-worth individuals, retirees, and business owners across 21 states. Their collaborative team model leverages the advisors' extensive backgrounds, including experience at major wirehouses, ensuring that clients receive well-rounded insights tailored to market conditions.

Berris emphasized the firm's client-centric approach, stating, "Our approach has always been rooted in listening first and building relationships that last over time.” This philosophy underscores the team's commitment to understanding each client's unique financial landscape and providing tailored guidance to help achieve their financial goals with confidence.

The decision to partner with LPL Financial was strategic, with Berris explaining that they sought a long-term solution that would enhance their operational capabilities. "LPL offers the services, technology, and operational support we need to help streamline our business and focus more of our time and energy on serving clients," he noted. This transition allows the Buell team to offload compliance and back-office operations to LPL, thereby enhancing their ability to deliver high-quality service to clients.

Marc Cohen, Chief Growth Officer at LPL Financial, expressed enthusiasm about the new partnership, stating, “We are pleased to welcome Buell Wealth Management to LPL.” He highlighted the firm’s rich history and depth of experience, asserting that they bring a strong commitment to personalized guidance and multigenerational planning. Cohen reaffirmed LPL’s commitment to providing the necessary resources and flexibility to support Buell Wealth Management's continued growth and client service excellence.

This strategic partnership aligns with LPL Financial's broader mission of supporting the growth of financial advisors and institutions across the United States. As one of the fastest-growing wealth management firms, LPL is dedicated to providing a comprehensive array of advisor affiliation models, investment solutions, fintech tools, and practice management services.

The integration of Buell Wealth Management into LPL's platform not only enriches the service offerings available to clients but also positions both firms for future success in an ever-evolving financial landscape. With a shared commitment to excellence and client-focused service, the future looks promising for both LPL Financial and Buell Wealth Management.

As the wealth management industry continues to adapt to changing market dynamics, partnerships like this one are essential in ensuring that clients receive the highest level of service and support tailored to their individual financial needs.