Carnegie Personal Wealth, a greater than $1 billion RIA that’s a part of LPL Monetary’s supported independence channel, has employed 4 new advisors about two years after the founders left Wells Fargo Advisors in March 2023.
Monetary advisor James Larsen has joined Carnegie, which is a part of LPL Strategic Wealth, after greater than 23 years with Wells Fargo. The Edward Jones departees embrace Seth Miller, who had been with the dealer/supplier for greater than 13 years, Kevin Lewis, who had been with the dealer/supplier for greater than 10 years, and Lucas Decker, an Edward Jones advisor for greater than 9 years
In accordance with LPL’s announcement, Charlotte, N.C.-based Carnegie leveraged its enterprise strategists, advertising and marketing and CFO associate to assist establish and produce over the 4 advisors.
Larson, additionally based mostly in Charlotte, mentioned in an announcement that he had relationships with the Carnegie groups for years and selected to affix the agency partly to “assist guarantee enterprise continuity.”
“Their superior planning assets and real give attention to constructing generational relationships places me in place to boost my shoppers’ lives shifting ahead,” he mentioned.
Carnegie was based by former Wells Fargo Advisors Angie Ostendarp, Jordan Raniszeski and Mary Sherrill Ware. Wealth Advisor and Director of Enterprise Improvement Ross Kirwan joined about eight months in the past from PGIM Investments.
Raniszeski, senior managing associate at Carnegie, mentioned the 4 new staff members have been the primary skilled advisors to affix the agency with books of enterprise. He mentioned Carnegie will give attention to transitioning the brand new staff members in 2025, after which “look towards additional acquisitions in 2026 and past.”
“It is vitally necessary for us to place our shoppers, advisors and staff members earlier than the rest, which suggests centered effort on a clean transition for shoppers and never overwhelming our staff members with too many additions in brief succession,” he mentioned. “We’re all about sustainable progress.”
Carnegie is the most important staff to affix LPL Strategic Wealth because it went reside in April 2020, in line with a spokesperson. The minimal asset requirement to affix the community is greater than $200 million, and the channel has grown to about 48 wealth groups overseeing $26.2 billion in belongings, in line with LPL’s web site.
Decker, previously of Edwards Jones, mentioned in an announcement that Carnegie “affords what I’ve been trying to find; superior planning assets, collaborative experience and progressive expertise that permits me to create custom-made options for my shoppers. Their impartial method with assist from LPL means I can give attention to constructing lasting relationships and delivering customized methods that evolve with my shoppers’ wants.”
Seth Miller mentioned in an announcement that Carnegie and LPL have been the “apparent selection” after conducting a due diligence course of.
“By going impartial with Carnegie Personal Wealth and LPL, I’ve extra freedom to make selections at an area stage which can be actually in my shoppers’ finest pursuits,” he mentioned.