Carnegie Personal Wealth, a greater than $1 billion RIA that’s a part of LPL Monetary’s supported independence channel, has employed 4 new advisors about two years after the founders left Wells Fargo Advisors in March 2023.
Monetary advisor James Larsen has joined Carnegie, which is a part of LPL Strategic Wealth, after greater than 23 years with Wells Fargo. The Edward Jones departees embrace Seth Miller, who had been with the dealer/supplier for greater than 13 years, Kevin Lewis, who had been with the dealer/supplier for greater than 10 years, and Lucas Decker, an Edward Jones advisor for greater than 9 years
In line with LPL’s announcement, Charlotte, N.C.-based Carnegie leveraged its enterprise strategists, advertising and CFO companion to assist determine and produce over the 4 advisors.
Larson, additionally based mostly in Charlotte, mentioned in a press release that he had relationships with the Carnegie groups for years and selected to affix the agency partly to “assist guarantee enterprise continuity.”
“Their superior planning sources and real concentrate on constructing generational relationships places me in place to reinforce my shoppers’ lives shifting ahead,” he mentioned.
Carnegie was based by former Wells Fargo Advisors Angie Ostendarp, Jordan Raniszeski and Mary Sherrill Ware. Wealth Advisor and Director of Enterprise Growth Ross Kirwan joined about eight months in the past from PGIM Investments.
Raniszeski, senior managing companion at Carnegie, mentioned the 4 new crew members have been the primary skilled advisors to affix the agency with books of enterprise. He mentioned Carnegie will concentrate on transitioning the brand new crew members in 2025, after which “look towards additional acquisitions in 2026 and past.”
“It is vitally necessary for us to place our shoppers, advisors and crew members earlier than anything, which implies targeted effort on a clean transition for shoppers and never overwhelming our crew members with too many additions briefly succession,” he mentioned. “We’re all about sustainable development.”
Carnegie is the most important crew to affix LPL Strategic Wealth because it went dwell in April 2020, based on a spokesperson. The minimal asset requirement to affix the community is greater than $200 million, and the channel has grown to about 48 wealth groups overseeing $26.2 billion in property, based on LPL’s web site.
Decker, previously of Edwards Jones, mentioned in a press release that Carnegie “presents what I’ve been looking for; superior planning sources, collaborative experience and modern expertise that permits me to create custom-made options for my shoppers. Their impartial strategy with help from LPL means I can concentrate on constructing lasting relationships and delivering customized methods that evolve with my shoppers’ wants.”
Seth Miller mentioned in a press release that Carnegie and LPL have been the “apparent alternative” after conducting a due diligence course of.
“By going impartial with Carnegie Personal Wealth and LPL, I’ve extra freedom to make selections at a neighborhood stage which might be actually in my shoppers’ finest pursuits,” he mentioned.
