CHARLOTTE, NC, May 5, 2021 (GLOBE NEWSWIRE) – LPL Financial LLC (Nasdaq: LPLA) today announced that financial advisor Joel Drake has joined the broker-dealer, Hybrid Registered Investment Advisor (RIA) and LPL Financial custody platforms, aligned with The Wealth Consulting Group, an OSJ group affiliated with the LPL. He said he has served around $ 200 million in advisory, brokerage and pension assets *. Drake joins LPL after leaving FSC Securities, which is part of the Advisor Group broker-dealer network.

Drake’s career in the financial services industry began in 1991 upon graduating from college. He has built a practice focused on helping pre-retirees and retirees, as well as companies seeking advice and consulting services with a focus on retirement, tax, investing and estate planning. Drake and his longtime assistant Pam Traeger have joined the Wealth Consulting Group branch in his hometown of Des Moines, Iowa.

“I firmly believe that my clients are best served when they can make informed decisions, and I pride myself on our ability to turn complex concepts into understandable actions,” said Drake, member of the Pension Advisory Group, an organization made up of accomplished finance professionals with the goal of producing increased value for both qualified and unqualified plan sponsors and participants.

Drake turned to LPL and The Wealth Consulting Group for additional resources to help differentiate his practice and improve the service experience for his clients. He said it was also important to join a publicly traded company committed to investing in its partners.

“With the vast resources that LPL offers, combined with the team approach and additional support from the Wealth Consulting Group, Pam and I believe we are going to be able to provide the best possible experience for our clients,” said Drake, also noting that the move puts him in a better position to potentially recruit a junior advisor.

Jimmy Lee, CEO of The Wealth Consulting Group, said: “I am very happy to have the opportunity to support a friend and former colleague. Joel has built an amazing practice that is uniquely client focused. This is a great addition as a partner to our existing WCG branch in Des Moines. “

Scott Posner, Executive Vice President of Business Development for LPL, said, “We welcome Joel and Pam to LPL and congratulate The Wealth Consulting Group for its continued growth. At LPL, we are committed to providing our advisors with cutting-edge capabilities and resources designed to help them meet the comprehensive wealth management needs of their clients. We will continue to invest and innovate to provide the tools and technology that allow advisors to differentiate their practice and grow their business in a way that adds value to the clients they serve. We look forward to a lasting partnership with Joel and The Wealth Consulting Group. “

Find out about other companies that have recently joined LPL in the LPL Financial News and Media section of LPL.com.

Consultants, find an LPL Business Development Representative near you.

About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the premise that the business should work for the adviser, not the other way around. Today, LPL is a leader ** in the markets we serve, supporting more than 18,000 financial advisors, 800 institutional investment programs and 450 independent RIA companies across the country. We are unwavering in our commitment to the advisor-centric model and our belief that Americans deserve access to objective advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that enable them to carry out their perfect practice. And they have the freedom to manage their customer relationships because they know their customers better. Simply put, we take care of our advisors so that they can take care of their clients.

** Principal Custodian of RIA (Cerulli Associates, 2019 US RIA Market Report); # 1 independent broker-dealer in the United States (based on total revenues, Financial Planning magazine June 1996-2020); 1st provider of third-party brokerage services to banks and credit unions (TPM 2019-2020 annual report by Kehrer Bielan Research & Consulting)

* Based on past activity and represents assets that would have been held with LPL Financial, rather than with third party custodians. The declared assets and the number of clients have not been independently and fully verified by LPL Financial.

Securities and advisory services offered by LPL Financial LLC, an SEC registered brokerage and investment advisor. FINRA / SIPC member.

Throughout this communication, the terms “financial advisers” and “advisers” are used to refer to registered representatives and / or representatives of investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

The Wealth Consulting Group, the Retirement Plan Advisory Group and LPL Financial are separate entities.

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Media contact:
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