LPL Financial LLC (Nasdaq: LPLA) announced today that Encore Capital Management has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) model, aligning with The Financial Services Network, an existing firm supporting LPL-affiliated advisors. The advisors of Encore Capital reported having served approximately $205 million in advisory, brokerage, and retirement plan assets*. They join from Wells Fargo Advisors.
Through a hands-on and personalized approach, Encore Capital Management works to take the mystery out of investing, insurance, estate planning, and wealth preservation for their clients, which include high-net-worth individuals, business owners, and families. Based in Glendale, Calif., the team is led by managing partners and co-founders Ara Mekhitarian, CFP, CIMA, and Leonardo Aguilar, CIMA, and supported by chief administrative officer Amanda Aguilar, CFP.
Driven by a desire to better support their clients amid the evolving financial landscape, Mekhitarian and Aguilar, who have been partners for more than 10 years, turned to LPL and The Financial Services Network. “Given the current state of the market, we felt it was imperative to make this move now in order to have access to comprehensive resources for our clients,” Mekhitarian said. “By aligning with LPL, we’re able to embrace a single, integrated workstation that will allow us to provide an enhanced client experience.”
“We see ourselves as partners to our clients,” Aguilar added. “By aligning with The Network, we’ll receive concierge-level support that will free up our time to spend with our clients and their financial plans.”
Christopher Mercado, managing partner, and chief investment strategist with The Financial Services Network stated, “We’re thrilled to welcome Encore Capital Management to The Financial Services Network and look forward to supporting them as they embark on this new chapter. Ara and Leonardo share more than 50 years of financial services experience and I’m confident they will be a great addition to our community of advisors.”
Scott Posner, LPL executive vice president, of Business Development, said, “We commend The Network for adding two quality advisors to their team. The Encore Capital team’s dedication to their clients is inspiring, and we remain committed to providing them with the support and service they need to seamlessly run their practice. We’re honored that Ara, Leonardo, and Amanda recognized our capabilities and we look forward to a long-lasting relationship with their team.”
Advisors, find an LPL business development representative near you.News Source: Bakersfield