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LPL Financial adds Ellsworth Private Wealth Management


Ellsworth Private Wealth Management, a newly formed, independent financial advisory practice, has joined Stratos Wealth Partners, an SEC-registered investment advisor using LPL Financial's RIA platform. 

In addition, the financial advisors of Ellsworth Private Wealth Management have joined LPL's broker-dealer platform. As of 2 January, 2015, Ellsworth Private Wealth Management supported approximately USD200 million in fee- and commission-based client assets.

"We are proud to have wonderful, established relationships with our existing clients. As such, we are very enthusiastic about the opportunity to work with the combined resources of LPL Financial and Stratos Wealth Partners with the goal of continuing to develop our practice into a full service independent advisory firm that offers a comprehensive suite of private wealth management services," says Tim Clepper, CEO at Ellsworth Private Wealth Management. "After two decades of combined experience at a wirehouse firm, we decided that now was the time to transition to an environment that provides us with the full flexibility and choices needed to help us best meet our clients' needs, as well as to form strategic alliances to help us achieve our goals."

"We are excited to contribute to Ellsworth Private Wealth Management's growth strategy while also supporting their entrepreneurial vision as they transition from a wirehouse environment to a fully independent advisory practice," says Steve Pirigyi, executive vice president of business development at LPL Financial. "I am confident they will benefit from the independence, flexibility and choice offered by LPL."

Jeffrey Concepcion, founder and CEO of Stratos Wealth Partners, says: "We are excited to partner with Ellsworth Private Wealth Management and support their move to independence. More than ever before, investors are demanding unbiased advice and greater transparency in the management of their assets. At Stratos Wealth Partners, we bring the resources of a national firm to a local level to enable advisors to provide an objective, highly customized financial advice platform that consistently serves a broad spectrum of client needs. Additionally, providing our services through LPL Financial's RIA platform underscores our commitment to a client-centric model and further strengthens our ability to deliver our services in a manner that enables advisors to grow their business by providing a truly personalised service."

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