LPL Financial announced Thursday that Indiana wealth advisors Scott Gilliam and Travis Blessing launched a new independent practice, Align Private Wealth, which will affiliate with LPL’s broker-dealer and RIA platform. Align is based in Greenwood, Indiana, near Indianapolis.
The advisors were previously with PNC Private Bank, where they reported serving about $2 billion in advisory plan assets as of Dec. 31, LPL said.
Align is focused on high net worth and ultra-high net worth families and individuals, business owners and multigenerational households, according to LPL.
“Our goal is to build deep, long-term relationships where we truly understand every aspect of our clients’ lives — not just their finances,” Gilliam said in a news release. “We’ve intentionally designed our practice to work with a limited number of families so we can be fully embedded in their decision-making, helping them navigate everything from wealth planning to generational transitions.”
Gilliam continued, “We evaluated multiple firms, but LPL stood out for its reputation and its focus on helping advisors grow businesses that are built for clients, not for a firm. That client-first mentality was critical for us as we launched Align Private Wealth.”
“Independence is incredibly important to us — we wanted the ability to build our business entirely around our clients,” Blessing said in the release. “LPL’s platform gives us the flexibility, technology and support to do exactly that, while enhancing how we deliver customized planning and tax-aware strategies.”
Marc Cohen, Chief Growth Officer at LPL, said of the Align team, “Their commitment to building deep, personalized relationships and delivering comprehensive, goals-based guidance reflects the kind of client-first approach we are proud to support.”
Cohen added, “We look forward to helping them grow their business through our bespoke high-net-worth capabilities and continue delivering meaningful outcomes for the families they serve.”
Other advisor teams that recently joined LPL include Ohio wealth advisors Breanne Bovara and Derrick Petry, who joined the firm’s W-2 channel, Linsco by LPL Financial, to launch Moto Wealth Partners, LPL announced in January.
LPL said it services and custodies about $2.3 trillion in brokerage and advisory assets and supports over 32,000 financial advisors and the wealth management divisions of about 1,100 financial institutions.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
