LPL Financial welcomes advisor Les Smith with $185 million assets
LPL Financial LLC announced that advisor Les Smith joined its platform, bringing $185 million in assets from Edward Jones. Smith, founder of Smith Complete Wealth, cited LPL's technology and flexibility as key reasons for the move. LPL's leadership welcomed Smith, emphasizing alignment with its advisor empowerment mission.
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LPL Financial LLC announced today that advisor Les Smith has joined its broker-dealer and Registered Investment Advisor (RIA) platform. Smith reported serving approximately $185 million in advisory, brokerage, and retirement plan assets and joins LPL from Edward Jones. The move enhances LPL's advisor network as Smith brings more than a decade of experience serving pre- and post-retirement clients.
Smith's Background and Approach
Based in Spring Hill, Tenn., Smith is the founder of Smith Complete Wealth. He focuses on blue-collar individuals and families, building his business organically through direct outreach. Smith's approach emphasizes consistent communication and ongoing refinement of financial plans to help clients achieve long-term goals.
Rationale for Joining LPL
Smith selected LPL for its advanced technology, flexibility, and advisor-first model. He cited the platform's ability to support deeper engagement in tax and estate planning while maintaining decision-making autonomy. Smith believes LPL's capabilities will enable a more customized and tactical investment approach.
LPL's Perspective
Marc Cohen, chief growth officer at LPL Financial, expressed enthusiasm for Smith's addition. He noted that Smith's dedication to client communication aligns with LPL's purpose to empower advisors with tools and support. Cohen highlighted that LPL looks forward to supporting Smith's business growth and client impact.
Key Details
| Detail | Information |
|---|---|
| Advisor | Les Smith, CFP® |
| Previous Firm | Edward Jones |
| Assets Managed | $185 million |
| Location | Spring Hill, Tenn. |
| Firm Founded | Smith Complete Wealth |
LPL Financial Holdings Inc. supports more than 32,000 financial advisors and services approximately $2.3 trillion in brokerage and advisory assets. Smith Complete Wealth and LPL Financial are separate entities.
Will Smith's transition from Edward Jones to LPL prompt other advisors with similar client demographics to consider moving to independent models?
How might LPL leverage Smith's focus on blue-collar families to expand its market reach in underserved communities?
Could this move signal a broader trend of advisors seeking greater autonomy and technological flexibility from larger broker-dealers?
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