LPL has just broadened its reach yet again in the California market by signing a breakaway advisor from JPMorgan.
On Monday, the wealth giant announced the addition of Garrett Oczachowski, a seasoned financial advisor, to its network.
Oczachowski, who previously managed approximately $280 million in advisory, brokerage, and retirement plan assets at JPMorgan Chase, tapped into LPL’s broker-dealer, RIA and custodial platforms to launch Noble Traditions Wealth based in Santa Monica, California.
The firm, which focuses on retirement income planning and comprehensive wealth management, represents LPL's latest strategic expansion in the Southwest US.
"My commitment is to forge robust, enduring connections with those I serve, delivering tailored investment strategies and retirement plans that align with their distinct aspirations and requirements," Oczachowski said in a statement.
"The firm's dedication to independence and its client-focused philosophy are in perfect harmony with my own principles,” said Oczachowski, a 25-year veteran of the industry, highlighting the autonomy LPL offers.
He also praised LPL’s technology and the ability to tailor business practices as pivotal in his decision to join the firm.
“Independence is akin to a blank canvas, and LPL equips us with the finest 'paint colors' from across the globe. It allows us to do business with ease, thereby empowering us to direct our focus on client needs,” Oczachowski added.
His move to join LPL is the latest win for the firm, which in the past week completed its acquisition of Crown Capital’s $5 billion wealth business and signed an $830 million team from Janney Montgomery Scott.
The move in Santa Monica probably won’t sting too much for JPMorgan at the moment, however, as it just nabbed an elite ex-Merrill Lynch advisor who manages a massive $28 billion book of business.
The alts giant's latest executive hire builds on its continuing strategy to expand into the private wealth space.
While it's a useful rule of thumb, wealth industry experts agree Social Security benefits, retirement income planning, and individual expenses should also be factored in.
The holdout optimist from Wells Fargo sees market "past peak uncertainty" as trade war fears push many cheerleaders to pare back their predictions.
Last year's standout winners reflect on their triumph as the wealth industry gears up for another unforgettable night in New York City.
Financial advisors are becoming a bit more leery that fees, particularly for their wealthiest clients, are on the verge of taking a hit.
From direct lending to asset-based finance to commercial real estate debt.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
