Faubourg Private Wealth Advisors, a newly formed, independent financial advisory firm, has joined the LPL Financial broker-dealer platform and will provide fee-based services to clients through Level Four Wealth Management.
Level Four is an independent advisor group serving more than 120 independent advisors across the United States on LPL's RIA platform. As of 28 February, 2015, Faubourg reported that based on prior business, its financial advisors served USD175 million of client assets.
Founded by veteran financial advisors formerly serving bank-based private clients, Faubourg provides independent, comprehensive financial planning and investment services on a customised basis to individuals, families and organizations in Metairie, La., and the surrounding New Orleans area. Faubourg is comprised of six financial professionals, including three licensed advisors. The firm plans to focus on attracting additional advisors from across Louisiana to grow its service-oriented wealth management firm.
"We are thrilled to work with LPL Financial and Level Four to bring our clients the many benefits of truly independent financial advice," says P David Soliman, a founding partner. "We look forward to having access to a broad array of investment products and resources – previously unavailable to us – and to have the freedom to work closely with our clients to provide tailored financial advice and investment strategies."
"We welcome the Faubourg team to the LPL platform and are pleased that they have chosen our firm to support their business in their move to independence," says Steve Pirigyi, executive vice president of business development at LPL Financial. "Our industry-leading technology, service and resources will help them to deliver tailored solutions to address their clients meet their financial goals."
"As we move forward, we will work to attract additional advisors from across Louisiana –from bank-based programs and well as from regional and national wirehouses – to expand upon our service to clients. We take a holistic approach by working with clients and their other trusted advisors, including accountants, attorneys, bankers and insurance agents, to provide targeted independent wealth management," adds Tyson Vanlandingham, a founding partner.
"We believe that advisory firms such as Faubourg exemplify the firm of the future and we are excited to have them in our network," says Jake Tomes, chief executive officer of Level Four. "Faubourg will serve as an important strategic cornerstone for Level Four® in the New Orleans area. We look forward to helping them grow and attract additional advisors and specialists to their firm as well as to Level Four® Wealth Management."