LPL welcomes ex-UBS advisor in the Northwest
LPL has expanded its presence in the Northwest as it supports a former UBS advisor in starting his own practice.
The firm announced the launch of Burlwood Wealth, an independent practice through its Strategic Wealth Services platform.
The new practice is headed by financial advisor Matt Sheffield, previously affiliated with UBS, who brings approximately $275 million in advisory, brokerage, and retirement plan assets to his new venture.
Sheffield began his financial career in 2005 after working in Silicon Valley and spending a brief period in medical sales.
Reflecting on his career shift, he said, “I love the intellectual challenge of investing, and I enjoy seeing people fulfill their plans in retirement while enjoying their hard-earned capital,” he said in a statement.
With a nearly two-decade track record in the industry, Sheffield serves a rich cross-section of clients that includes physicians, attorneys, small business owners, and widows, providing a comprehensive approach to investment management. He collaborates with key partners to offer tailored investment advice aligned with each client’s unique timeline.
Based in Spokane, Washington, Sheffield named the practice Burlwood Wealth to reflect the personalized nature of his services. An amateur woodworker, he finds inspiration in burl, the part of the wood that forms its distinctive grain pattern, believing it evokes strong emotions.
“After 15 years working for a very large bank, I wanted a sense of ownership in my practice and the freedom to call my own shots,” he explained.
Sheffield is joined by client services specialist Kayla Randall. Together, they will leverage the resources provided by LPL Strategic Wealth Services, including a dedicated team of professionals
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