November 27, 2022

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Imagination at work

Point 32 Investment Partners Launches with Support of LPL Strategic Wealth Services

CHARLOTTE, N.C., Dec. 06, 2021 (World NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) today introduced that financial advisor Brian Nydegger has launched a new unbiased practice, Position 32 Investment decision Associates, via affiliation with LPL Financial’s Strategic Wealth Services model made to assist the unique needs of breakaway advisors. Brian and his staff noted obtaining served roughly $420 million in advisory, brokerage and retirement plan property*. They be part of LPL from RBC Wealth Management.

The start of Position 32 represents the fruits of yrs of thing to consider and organizing for Brian and his father, Richard Nydegger. They labored alongside one another due to the fact Brian graduated university in 1996, and prepared to be companions in their new company. They experienced quite a few discussions about the vision for Position 32—a place where they could operate their business the way they felt was finest for their customers. But sadly, Richard passed absent in May possibly.

“The potential to do the job along with my dad for 25 yrs is a true blessing. He was my mentor, my sounding board, and we under no circumstances experienced 1 argument about the business,” Brian mentioned. “It is an honor to carry on his legacy and fulfill his desire to definitely just take treatment of customers and prioritize their needs.”

Centered in Westhampton, N.Y., the Position 32 staff also features Corrine Heaney, director of consumer companies, and Sean Sullivan, consumer companies associate. They do the job mostly with high-web-truly worth folks and smaller corporations to supply the service, remedies and approaches essential to enable build, maintain and transfer wealth. The staff is also highly dedicated to socially dependable investing.

As they sought a new lover for their unbiased practice, Brian mentioned LPL stood out due to the fact of its dimension, scale and the further layer of assist from the LPL Strategic Wealth Services featuring. He said, “I desired freedom and independence to run on my personal terms, but I did not want the extra responsibility for business functions, these kinds of as payroll, technologies set up or creating out the business. LPL Strategic Wealth Services is a turnkey model that not only aids with the first startup, but also supplies us with devoted staff associates to strategically assist my business, leaving me with extra time to target on my customers, small children and group outreach.”

Committed assist from LPL Strategic Wealth Services
In addition to leveraging LPL’s integrated wealth administration platform and innovative means essential to operate a flourishing practice, the LPL Strategic Wealth Services model provides ongoing, personalised assist for daily functions and very long-term business administration. Early in the journey, Strategic Wealth Services bridges the transition to independence by supplying the staff with devoted assist and companies to start their practice, which includes actual estate create out, manufacturer enhancement, technologies set up and HR assist. After the transition is entire, the value shifts to the ongoing strategic, administrative, internet marketing and CFO assist that permits advisors to remain centered on the enduring needs of their customers, lifestyle and evolution of their practice.

In launching the new business, the staff selected the title Position 32 to signify the compass rose, which represents spiritual route, awakening and discovery. “It connotes the freedom to operate our business the way we really feel is finest for our customers,” Brian mentioned. “The compass provides you the potential to go anywhere while switching and adjusting your study course, ultimately guiding you to your destination—just as Position 32 Investment decision Associates guides their customers via their financial commitment selections.”

Increasing up in close proximity to the water, a deep enjoy of offshore and inshore fishing led Brian to an acute awareness of the atmosphere and the relevance of moral and green investing. Yet another enthusiasm near to his heart is supporting customers overcome obstructions they could possibly encounter while dealing with psychological wellbeing and substance abuse disorders. He proudly serves as a member of the board directors for our Girl of the Hamptons Catholic University board in Southampton, N.Y. symbolizing St. Rosalie’s Parish.

Scott Posner, LPL executive vice president, Company Development, mentioned, “We are honored to welcome Brian and the Position 32 staff to the LPL group. We are influenced by Brian’s enthusiasm to carry out his father’s legacy and vision, and we are dedicated to supporting the staff with a devoted and entirely integrated staff for each individual phase of their journey. We will go on to leverage our scale to make investments in impressive capabilities and sturdy business means made to enable our advisors thrive. We look forward to an thrilling journey forward with Position 32 Investment decision Associates.”

Extra on Position 32 Investment decision Associates.

Advisors, locate an LPL business enhancement representative near you.

About LPL Financial:
LPL Financial (Nasdaq: LPLA) was launched on the theory that the company really should do the job for the advisor, and not the other way about. Currently, LPL is a chief** in the marketplaces we provide, supporting extra than 19,000 financial advisors, 800 establishment-dependent financial commitment courses and 450 unbiased RIA companies nationwide. We are steadfast in our commitment to the advisor-centered model and the perception that People in america are worthy of obtain to personalised steering from a financial advisor. At LPL, independence indicates that advisors have the freedom they are worthy of to pick out the business model, companies, and technologies means that let them to operate their ideal practice. And they have the freedom to deal with their consumer interactions, due to the fact they know their customers finest. Only set, we just take treatment of our advisors, so they can just take treatment of their customers.

*Centered on prior business and represents property that would have been custodied at LPL Financial, rather than 3rd-get together custodians. Documented property and consumer figures have not been independently and entirely verified by LPL Financial.

** Prime RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. 1 Unbiased Broker-Supplier in the U.S (Centered on total revenues, Financial Organizing magazine 1996-2021) No. 1 supplier of 3rd-get together brokerage companies to financial institutions and credit unions (2020-2021 Kehrer Bielan Investigation & Consulting Yearly TPM Report) Fortune five hundred Firm as of June 2021

Securities and advisory companies presented via LPL Financial LLC, an SEC-registered broker-vendor and financial commitment advisor. Member FINRA/SIPC. 

All through this interaction, the terms “financial advisors” and “advisors” are utilized to refer to registered representatives and/or financial commitment advisor representatives affiliated with LPL Financial LLC. We routinely disclose data that may perhaps be vital to shareholders in the “Investor Relations” or “Press Releases” section of our web-site.

Position 32 Investment decision Management and LPL Financial are separate entities.

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Media Speak to:
Lauren Hoyt-Williams
(980) 321-1232
[email protected]