LPL Financial Adds $2.4B HighWater Wealth From U.S. Bank
LPL Financial has acquired HighWater Wealth, a $2.4 billion asset advisory firm based in San Diego, from US Bank. The group has joined Quotient Advisor Partners, LPL’s regulatory jurisdiction office.
The Haywater team includes Christian Forster, Mike Ruckus, Falco Hornike, Tim Davidson and Brian Riesman. They focus on providing multi-generational office services to high net worth individuals and families.
The group says they are drawn to LPL and Quotient for the freedom, scale and advanced planning capabilities. This includes trust and property skills, and extensive investment options and research. In January LPL has announced a strategic relationship with Wealth.com To provide an estate planning platform to LPL advisors and wealth planning teams.
“The platform’s open architecture, research capabilities and scalability — along with the ability to move quickly — allow us to deliver a high-touch, ‘white glove’ experience supported by a robust platform. This allows us to fully tailor solutions to each client’s unique needs,” Forster, president and CEO, said in a statement.
