MG Partners Private Wealth launches with support from LPL Strategic Wealth Services

SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Christopher “Noah” Geoghegan, CTFA, and Tomohiko “Tom” Minami, CFP, CFA, have launched a new independent practice, MG Partners Private Wealth, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. They reported having served approximately $435 million in advisory, brokerage and retirement plan assets* and join LPL from Truist.

With more than 50 years of combined experience in the high-net-worth space, Geoghegan and Minami have honed their unique experiences to develop a deep understanding of the complexities of wealth management. Based in Hickory, N.C., the advisors have worked together for nearly two decades to provide sophisticated investment and planning services with a personalized touch. They are joined by Director of Client Relations Caroline Montgomery.

“We’re a full-service private wealth practice that caters to our clients’ comprehensive financial needs — from investment management to estate planning to philanthropy and everything in between,” Geoghegan said, noting they primarily serve high-net-worth (HNW) entrepreneurs and clients who have built generational wealth. “We treat our clients like family. We want to know about their wishes and goals, their children, their lifestyle and what makes them tick. We then work directly with professionals in tax or legal fields to ensure all aspects of their financial lives are covered and the right strategy is implemented.”

Geoghegan’s and Minami’s shared passion for entrepreneurship runs deep, as it has been a part of both families for generations. It was a natural next step for them to move to independence for the next chapter of their business.

“It’s the American Dream to own your business, and LPL is helping us make that dream true,” Minami said. “By going independent, we can be more than just financial advisors. We are entrepreneurs who understand the journey of building and growing wealth, and we can do that in a way that puts clients at the center of every decision we make.”

The team was drawn to LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive, both operationally and strategically. In addition to having access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology and dedicated support to launch their practice. Then, after the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.