LPL Recruits Advisor From Corebridge Financial

With His Move To LPL, David Hilbig Launches Lifetime Legacy Wealth Solutions
Jeff Berman, Contributing Editor & Reporter, Wealth Solutions Report
Jeff Berman, Contributing Editor & Reporter, Wealth Solutions Report

LPL Financial recruited advisor David Hilbig to its broker-dealer, RIA and custodial platforms from Corebridge Financial, LPL said Monday.

As of Dec. 31, LPL said, Hilbig served about $275 million in advisory, brokerage and retirement plan assets with Corebridge, a firm majority owned by American International Group (AIG).

After shifting to LPL, Hilbig launched Lifetime Legacy Wealth Solutions, a new name that LPL said “reflects the type of work he does to help clients prepare their financial wellbeing for their full lives and future generations.”

Hilbig lives in The Woodlands, Texas, area and maintains a registered office in Mundelein, Illinois. He has over 20 years of experience crafting personalized financial strategies tailored to each of his client’s unique needs and aspirations, according to LPL.

“He takes a holistic approach to financial planning, encompassing areas such as wealth management, retirement planning, investment advisory and risk management,” LPL said.

“By carefully assessing a client’s financial situations and priorities, he strives to provide comprehensive solutions that align with their short-term objectives and long-term visions,” the firm added.

Explaining why he moved to LPL, Hilbig said it was of the utmost importance for him to act as a fiduciary and put clients’ needs first.

“It was important for me to be with a firm that allows me to act an as independent advisor for my clients,” Hilbig said. “At LPL I can truly put my clients’ interests first because I have the ability to look for the best rates and products to fit their needs. LPL’s size and scale, combined with its sophisticated business resources and integrated technology, will enable me to provide my clients with an even higher level of service and support. I didn’t make this move for me. I did it because it was the right thing for my clients.”

Scott Posner, EVP of Business Development, LPL Financial

Throughout his career, Hilbig has “made it a priority to cultivate long-lasting relationships with clients built on trust, integrity and transparency,” he said. “I focus on ongoing financial education and open communication to help clients feel empowered and informed along each step of their financial journey, whether that’s navigating major life transitions, growing their wealth or planning for retirement.”

Scott Posner, Executive Vice President, Business Development at LPL said: “We welcome David to LPL and congratulate him on the launch of Lifetime Legacy Wealth Solutions. We recognize what it takes to launch and operate a thriving business and are committed to investing in streamlined and integrated business solutions designed to help advisors spend more time with their clients and differentiate their practices. Our team looks forward to supporting Lifetime Legacy Wealth Solutions for years to come.”

LPL serves nearly 23,000 financial advisors, including advisors at about 1,100 institutions and at approximately 570 RIA firms across the U.S., it said.

The firm has recruited several other advisors in the past few weeks alone, including Todd Cousino, Nicholas Hawk and Charles Moyer, who launched Cousino Wealth Advisors after leaving Ameriprise, where they served about $265 million in advisory, brokerage and retirement plan assets; and Pilot Financial, a network of 105 advisors, who LPL recruited from Lincoln Financial, where they served about $4.6 billion in advisory and brokerage assets as of Dec. 31.

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.

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