LPL Financial has introduced a novel affiliation model tailored to high-net-worth-focused advisors.

Known as LPL Private Wealth Management, this employee model is designed to offer the resources and structure akin to those typically available to wirehouse advisors but with a higher payout. As highlighted by Barron's, qualifying advisors under this model can enjoy payouts ranging from 64% to 70%. 

LPL Private Wealth Management will deliver advanced services such as estate and philanthropy planning, income tax strategy, trustee services, an alternative investment platform, and banking and lending solutions. Additionally, the unit will cater to complex life insurance planning to meet the diverse needs of high-net-worth clients.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.