LPL welcomes ex-UBS advisor in the Northwest
Matt Sheffield, financial advisor at Burlwood Wealth.
The veteran advisor, whose resume includes time in Silicon Valley, brings a $275M book that includes lawyers, small business owners, and widows.
LPL has expanded its presence in the Northwest as it supports a former UBS advisor in starting his own practice.
The firm announced the launch of Burlwood Wealth, an independent practice through its Strategic Wealth Services platform.
The new practice is headed by financial advisor Matt Sheffield, previously affiliated with UBS, who brings approximately $275 million in advisory, brokerage, and retirement plan assets to his new venture.
Sheffield began his financial career in 2005 after working in Silicon Valley and spending a brief period in medical sales.
Reflecting on his career shift, he said, “I love the intellectual challenge of investing, and I enjoy seeing people fulfill their plans in retirement while enjoying their hard-earned capital,” he said in a statement.
With a nearly two-decade track record in the industry, Sheffield serves a rich cross-section of clients that includes physicians, attorneys, small business owners, and widows, providing a comprehensive approach to investment management. He collaborates with key partners to offer tailored investment advice aligned with each client’s unique timeline.
Based in Spokane, Washington, Sheffield named the practice Burlwood Wealth to reflect the personalized nature of his services. An amateur woodworker, he finds inspiration in burl, the part of the wood that forms its distinctive grain pattern, believing it evokes strong emotions.
“After 15 years working for a very large bank, I wanted a sense of ownership in my practice and the freedom to call my own shots,” he explained.
Sheffield is joined by client services specialist Kayla Randall. Together, they will leverage the resources provided by LPL Strategic Wealth Services, including a dedicated team of professionals handling operational support and strategic planning.
This integrated service, which LPL says includes simplified pricing, advanced technology, and strategic support, allows Sheffield to focus on his clients’ long-term needs while developing the culture and evolution of his practice.
With solutions that suit “a large practice, high account sizes, complex financial situations, and more involved estates,” Sheffield says he’s able to “focus on providing advice and guiding clients through difficult markets.”
LPL’s move in the Northwest comes shortly after the broker-dealer giant swiped an advisor tandem from Cambridge and welcomed back an advisor from Benjamin F. Edwards & Co.
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