LPL expands in Louisiana with Osaic advisor

The Lafayette-based advisor, who founded his firm in 1984, manages $150 million.

LPL has expanded its ranks yet again as it drafts another advisor from Osaic. LPL Financial announced the addition of Nolan Venable, an experienced financial advisor and enrolled agent, to its network.

Before plugging into LPL’s network for broker-dealers, registered investment advisors, and custodians, Venable was associated with Osaic, where he reported overseeing approximately $150 million in advisory, brokerage, and retirement plan assets.

Operating out of Lafayette, Louisiana, Venable has built a distinguished four-decade career in the industry since founding Wealth Advisors in 1984. His firm is recognized for its holistic approach to wealth management, focusing on retirees and pre-retirees by offering a broad spectrum of financial planning and advice.

Beyond wealth management, Venable’s entrepreneurial efforts extend to owning both a tax practice and an insurance firm, which are housed in the same building as Wealth Advisors.

“Our clients are looking to build their financial legacy, and we help them on that journey by providing personalized services and customized programs designed to help them grow and preserve assets,” Venable said.

“I’ve built this business from the ground up and cultivated many meaningful relationships with clients over the years,” he said. “Their success is my success, and it is so rewarding to help them work toward financial independence.”

Apart from LPL’s stable position in the market, Venable was reportedly attracted to the wealth giant’s commitment to advisor support and integrated technology, with everything accessible via one portal.

“That centralized workflow makes it much easier to do business and will bring more to each client interaction,” he said.

The latest announcement builds on another move from last week, which saw LPL sign seven Minnesota advisors who managed around $700 million in assets at Osaic.

Last month, LPL also recruited Equity Design Group, a Wisconsin-based advisor trio that brought over $520 million from Osaic.