LPL Financial announced that Sandstone Wealth Management, an investment program at Nebraska-based Heartland Bank that served about $300 million in brokerage, advisory and retirement plan assets, has joined LPL’s Institution Services platform.
The program has aligned with JFC Advisor Network, a Nebraska-based enterprise that supports LPL-affiliated advisors. Sandstone Wealth Management had previously been affiliated with Raymond James and Royal Alliance, part of the Advisor Group network.
The family-owned Heartland Bank is a community institution that dates to 1899 and serves clients in 13 locations across central Nebraska. The investment program is led by wealth advisor Tyler Daly. He is joined by fellow advisor Mike Theis and two assistants, the release said.
“We’ve found that LPL has a really robust online retirement planning portal and other enhanced technology offerings that will help us streamline our business to focus more on clients and make their investment experiences even better,” Daly said in a statement. He added that having JFC located nearby in Lincoln, Neb., was a plus. “To have a local group here in our corner is a huge benefit. We can develop personal relationships with the JFC team and expand our network.”
Jack Connealy, founder of JFC Advisor Network, said the Sandstone program team is “a class act” that they are fortunate to be able to support. “As a Nebraska-based organization, working with advisors located at local banks always takes JFC back to our roots. We look forward to a long-lasting and productive relationship with Sandstone Wealth Management.”