LPL Financial says a team of female advisors has joined its broker-dealer, corporate registered investment advisor and custodial platforms from Wells Fargo Advisors Financial Network.
Carrie Turcotte and Crystal Walker of NorthShore Financial Strategies have affiliated with LPL through its Strategic Wealth Services model. The pair previously reported having served $230 million in advisory, brokerage and retirement plan assets, according to LPL.
The move marks the pair’s return to LPL, where they were previously registered — from 2010 to 2015 for Turcotte and from 2009 to 2019 for Walker, according to their BrokerCheck records.
LPL says the Chattanooga, Tennessee-based team is the first all-woman team to join its SWS affiliation model and also the first practice to join from another firm's independent channel. Turcotte and Walker are joined by support staff Jamie Climer and Julie Weddle, LPL says.
Turcotte and Walker looked for a new wealth management partner to help support the growth of their practice, LPL says.
“Not only will this take compliance management off our plates, but it will also allow us to provide an enhanced level of client care by providing additional time for us to focus on our top priority — our clients,” Turcotte said in a statement.
Turcotte notes that the practice is their “life’s work and our passion.” And just like their clients, she says, “we wear many hats in our roles as mothers, caregivers and career women. We understand how busy life can be and want to serve as a resource for clients in financial conversations, and to quarterback their overall financial strategy.”
LPL says NorthShore will be able to add hourly consulting and flat fee financial planning to its offerings by using LPL’s integrated financial planning software programs.
Turcotte started in the industry in 2006, when she registered with Raymond James and stayed there until 2010 when she moved to LPL. Turcotte then was with Wells Fargo from 2015 to earlier this month, when she returned to LPL, according to her BrokerCheck record.
Walker started in the industry in 2000, when she registered with Mutual Service Corporation, and has been registered with four firms, including Wells Fargo from 2019 to earlier this month, according to her BrokerCheck record.
The SWS affiliation model helps breakaway wirehouse advisors find real estate, manage payroll and develop their brand, according to LPL’s website. It also provides on-site assistance with the transition and day-to-day operational support, including access to a business consultant, a chief financial officer, a senior marketing partner and one or more administrative assistants for remote support.
LPL invests more than $1 billion annually in its wealth management platform, business resources, workforce and growth capital, according to Scott Posner, LPL executive vice president for business development.