AcquisitionsJul 14, 2026, 08:57 AM
LPL Financial Adds HighWater Wealth with $2.4B in Assets
AI Summary
LPL Financial announced that HighWater Wealth, an advisory team serving approximately $2.4 billion in advisory assets, has joined its broker-dealer and Registered Investment Advisor (RIA) platform. The San Diego-based team, which specializes in multi-generational services for high-net-worth individuals, moved from U.S. Bank and will align with Quotient Advisor Partners. HighWater Wealth cited LPL's flexibility, tools, infrastructure, and open architecture as key reasons for their decision to affiliate.
Key Highlights
- HighWater Wealth joined LPL Financial's broker-dealer and RIA platform.
- The team reported serving approximately $2.4 billion in advisory assets.
- HighWater Wealth joined LPL from U.S. Bank.
- The team consists of Kristian Forster, Mike Rookus, Falko Hörnicke, Tim Davidson, and Brian Rissman.
- HighWater Wealth provides multi-generational office services for high-net-worth individuals.
- They chose LPL for independence, scale, and advanced planning capabilities.
- LPL Financial supports over 32,000 advisors and $2.3 trillion in brokerage and advisory assets.
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