StockWatch
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Investment Bankers/Brokers/Service
PartnershipJun 25, 2026, 08:57 AM

LPL Financial welcomes NorthStar Wealth Advisors with $160M assets

AI Summary

LPL Financial announced that financial advisor Ronald White has launched a new independent practice, NorthStar Wealth Advisors, with support from Good Life Companies, an LPL Financial-affiliated firm. The team, which includes wealth advisor Scott Draime, reported serving approximately $160 million in advisory, brokerage, and retirement plan assets and joins from Raymond James. Based in El Paso, Texas, NorthStar Wealth Advisors focuses on disciplined investing, tax-efficient strategies, and long-term financial planning for retirees, business owners, and high-net-worth families.

Key Highlights

  • Ronald White and Scott Draime launched NorthStar Wealth Advisors with LPL Financial.
  • The team brings approximately $160 million in advisory, brokerage, and retirement plan assets.
  • NorthStar Wealth Advisors joins LPL Financial from Raymond James.
  • The practice is based in El Paso, Texas, serving retirees, business owners, and high-net-worth families.
  • Ronald White and Scott Draime each have approximately 30 years of industry experience.
  • The move was driven by a desire for greater independence, operational support, and technology.