Press release
LPL Financial Welcomes SoundWay Financial
SAN DIEGO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors with SoundWay Financial have joined LPL Financial’s
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"SAN DIEGO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors with SoundWay Financial have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Balmville Wealth Group (BWG). They serve approximately $180 million in advisory, brokerage and retirement plan assets* and join LPL from Cetera. Nestled a few miles from the Long Island Sound in North Haven, Conn., the SoundWay Financial team is led by senior advisors Richard Belanger, Hons Yu, CFP®, and Michael Belanger. Rich served as a Korean linguist in the U.S. Army for 10 years before launching his wealth management practice. Hons received his economics and finance degree from the University of Connecticut and a Certificate in Financial Planning from Bryant University. Michael joined the SoundWay team with over 20 years of client service and management experience. They are supported by longtime Operations Manager and Advisor Nicara Enright-Alves and team members Luke DeRose, Thomas Wissenbach and Anthony Persampieri. Why they made the move to LPL Financial Recognizing the need for a new wealth management partner, the SoundWay group turned to LPL and BWG to elevate their practice and work more cohesively as a team. “At SoundWay Financial, we offer holistic planning for a wide range of investment needs, whether that means helping a client with a retirement strategy or providing financial advice for unexpected life events,” Rich said. “We’ve found that clients benefit from a collaborative approach, and we believe LPL puts us in a better position to work in a team environment where we have more control of our practice.” The SoundWay team will also benefit from localized support, connections and an additional layer of resources from BWG. “I have known Rich from the day he came through training after joining the industry. From day one, he has always been one of the most hard-working, diligent, organized and professional advisors I have ever come across in my career,” said BWG Chairman and Founder Michael Vela. “We are excited to have Rich, Hons, Michael and the SoundWay team join the BWG family and look forward to helping them take their careers to the next level.” Scott Posner, LPL Executive Vice President, Business Development, said, “We extend a warm welcome to SoundWay Financial and congratulate BWG on ...