LPL Financial has added HighWater Wealth, a San Diego-based firm with $2.4 billion in advisory assets focused on high-net-worth investors, from U.S. Bank. The team has joined Quotient Advisor Partners, an office of supervisory jurisdiction of LPL.<\/p>\n
The HighWater team includes Kristian Forster, Mike Rookus, Falko H\u00f6rnicke, Tim Davidson and Brian Rissman. They focus on providing multi-generational office services for high-net-worth individuals and families.<\/p>\n
The team said they were attracted to LPL and Quotient for the independence, scale and advanced planning capabilities. That includes trust and estate capabilities, and a broader range of investment options and research. In January, LPL announced a strategic relationship with Wealth.com<\/a> to make the estate planning platform available to LPL advisors and wealth planning teams.<\/p>\n \u201cThe platform\u2019s open architecture, research capabilities and scale\u2014along with the ability to move quickly\u2014allow us to provide a high-touch, \u2018white glove\u2019 experience backed by a robust platform. This enables us to fully customize solutions for each client\u2019s unique needs,\u201d said Forster, president and CEO, in a statement.<\/p>\n