LPL swipes $705M advisor duo from Merrill Lynch
LPL has deepened its high-net-worth advisory bench with a pair of breakaway advisors from Merrill Lynch.
On Tuesday, the broker-dealer behemoth announced the addition of Auctus Legacy Private Wealth Management to its high-net-worth-focused employee affiliation model, LPL Private Wealth Management.
This newly launched practice is led by financial advisors Alain Verhille and James Wood, who previously managed $705 million in assets at Merrill Lynch. The team is based in Oklahoma City, Oklahoma.
Verhille and Wood, with over 50 years of combined industry experience, cater to a primarily high-net-worth clientele. Their approach centers on comprehensive planning aimed at optimizing wealth and reducing risk for multi-generational families. Joining them are certified senior advisors Erikka Moore and Kathy Isernhagen.
“Our firm brings the right expertise, experience, and clarity to the table to find paths forward for clients,” Verhille said in a statement. “We’re helping extraordinary people stay extraordinary.”
The long-time business partners emphasize the strength of their professional relationship, which they believe enhances their client connections.
“We are like a family, and our relationship with each other doesn’t stop at 5 p.m. on Friday,” Wood noted. “We understand the value of building genuine relationships, knowing one another and what’s important to clients. I believe our clients feel like we give them a very good opportunity to have a path to succeed in their goals.”
Verhille and Wood moved to LPL Private Wealth Management as they sought a blend of independence and support. Offering extensive services and support for client services and business growth, LPL’s affiliation model also provides high-net-worth advisors
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