Christopher Ketchen joins LPL Financial's Linsco as the founder of Katama Wealth Partners, focusing on personalized client financial planning.
Quiver AI Summary
LPL Financial LLC has announced that financial advisor Christopher Ketchen, CRPS®, has joined its employee advisor channel, Linsco by LPL Financial, to establish Katama Wealth Partners. Ketchen, who previously worked at UBS, brings with him around $315 million in advisory, brokerage, and retirement plan assets. With a career beginning in the retirement plan sector in 1994, he now focuses on providing comprehensive wealth management services to families and corporate retirement plans. Ketchen chose LPL for its support and resources that allow him to operate with greater independence and integrate his personal values into his practice. He aims to deliver a singular focus on client care through tailored financial planning and intends to collaborate with other advisors at Linsco. LPL's Executive Vice President, Scott Posner, expressed enthusiasm for Ketchen's arrival and noted the company's commitment to supporting advisors in building successful businesses.
Potential Positives
- Christopher Ketchen joins LPL Financial's Linsco channel, bringing approximately $315 million in advisory, brokerage, and retirement plan assets, enhancing LPL's asset management capabilities.
- The move reflects LPL's appeal as a platform for advisors seeking greater independence and autonomy, likely attracting more advisors looking for flexible business models.
- LPL provides robust technology and integrated wealth management resources, supporting advisors like Ketchen in focusing on client care and streamlined processes.
- The addition of Ketchen and his team can potentially increase LPL’s market presence in the Boston area, fostering collaboration and growth opportunities within the local advisor community.
Potential Negatives
- Christopher Ketchen's move to LPL indicates a desire for greater autonomy, which may suggest dissatisfaction with his previous firm, UBS.
- The reference to Ketchen's need for more independence and incorporation of his values could imply a potential culture clash within LPL that might impact advisor retention.
- Recruiting advisors like Ketchen to Linsco could reflect LPL's ongoing struggle to retain talent, necessitating the need for stronger recruitment efforts.
FAQ
Who is Christopher Ketchen and what is his new role?
Christopher Ketchen, CRPS®, is a financial advisor who has joined LPL's Linsco to launch Katama Wealth Partners, serving $315 million in assets.
Why did Christopher Ketchen choose LPL Financial?
Ketchen sought greater autonomy and the ability to incorporate his values into his practice, which he found at LPL Financial.
What services will Katama Wealth Partners offer?
Katama Wealth Partners will focus on personalized financial planning for individuals and corporate retirement plans while navigating life changes.
How does Linsco by LPL support financial advisors?
Linsco provides an integrated wealth management platform, personalized support, and resources to help financial advisors grow their businesses.
What advantage does LPL offer to its advisors?
LPL offers a combination of strategic support, technology capabilities, and resources to help advisors provide differentiated client experiences.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LPLA Insider Trading Activity
$LPLA insiders have traded $LPLA stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LPLA stock by insiders over the last 6 months:
- ANERI JAMBUSARIA (Managing Director) sold 305 shares for an estimated $101,241
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$LPLA Hedge Fund Activity
We have seen 316 institutional investors add shares of $LPLA stock to their portfolio, and 346 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,577,102 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $366,881,238
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- BOSTON PARTNERS added 1,212,715 shares (+64.3%) to their portfolio in Q3 2024, for an estimated $282,113,890
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Full Release
SAN DIEGO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Christopher Ketchen, CRPS®, has joined LPL’s employee advisor channel, Linsco by LPL Financial , to launch Katama Wealth Partners. He reported serving approximately $315 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS.
Based in Boston, Mass., Ketchen began his career in 1994 in the retirement plan sector before expanding his scope to comprehensive wealth management. Today, Ketchen dedicates his knowledge and experience working with families and corporate retirement plans. He is joined by Senior Client Associate, Courtney Poole, who is part of the management team.
“Our mission is to help clients work toward their personal goals and objectives in a manner they are truly comfortable with,” Ketchen said. “We take great care to build sound financial plans that help clients navigate all of life’s changes, from health and employment to relocation or divorce.”
Why he made the move to Linsco by LPL
Looking to operate with greater autonomy while also evolving his business, Ketchen turned to LPL.
“I’ve always wanted to be an entrepreneur and build something of my own,” said Ketchen. “As I’ve grown in my career, it became clear that I needed more independence to operate on my own terms and incorporate my values more into the business. LPL provides the ideal platform, size and scale for me to do that, offering robust technology capabilities and resources that allow me to focus on what’s most important: my clients.”
Linsco serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practice, their way. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.
“Linsco was designed for people like me who appreciate the added layer of personalized support,” Ketchen said. “My clients will benefit from my singular focus to simply take care of them, and I’m sure they’ll also appreciate the more streamlined processes. I look forward to all the new opportunities ahead.”
The move to LPL also provides Ketchen with more flexibility to work with outside services, such as legal professionals and CPAs. He also looks forward to collaborating with other Linsco advisors in the Boston office and hopes to soon welcome other like-minded advisors to his practice.
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Chris to the Linsco community. LPL provides strategic support and innovative resources designed to help advisors build thriving businesses and deliver differentiated client experiences. We look forward to supporting Chris for years to come as he builds out Katama Wealth Partners.”
Related
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 28,000 financial advisors and the wealth management practices of 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com .
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “ Investor Relations ” or “ Press Releases ” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2024.
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