LPL Financial Adds $2.4 Billion HighWater Team From U.S. Bank
Updated
Updated · Wealth Management · Jul 14
LPL Financial Adds $2.4 Billion HighWater Team From U.S. Bank
2 articles · Updated · Wealth Management · Jul 14
Summary
$2.4 billion HighWater Wealth left U.S. Bank to join LPL Financial through Quotient Advisor Partners, bringing a San Diego team focused on high-net-worth and multi-generational clients.
HighWater said LPL and Quotient offered more independence, greater scale and stronger planning tools, including trust and estate capabilities plus broader investment options and research.
Kristian Forster, Mike Rookus, Falko Hörnicke, Tim Davidson and Brian Rissman make up the team, which said LPL's open architecture supports more customized 'white glove' service.
LPL has been expanding its wealth-planning platform for complex clients; in January it partnered with Wealth.com to offer estate-planning tools to advisors and wealth teams.