$725M Advisor joins LPL’s Affiliation Model Private Wealth

LPL Financial announced that advisor Alberto Francis has joined the firm’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch Rockview Private Wealth with approximately $725 million in advisory, brokerage and retirement plan assets. He joins LPL from Bank of America Private Bank.

Based in Houston, Francis works with business owners, executives, athletes and medical & law professionals. He plans to shift focus from the banking side of the business to investments, planning and customized services.

“I’ve had an entrepreneurial mindset for a long time and am excited to finally have my own practice where I can prioritize client relationships and truly put their interests first,” Francis said. “I’ve gained the necessary business experience to make a successful move into the independent space and look forward to having more control over the next chapter of my career.”

Launched in November 2023, LPL Private Wealth advisors reap the benefits of payouts, client ownership and business autonomy while gaining access to enhanced service and expanded capabilities. The model aims to serve high-net-worth clients with assets of at least $5 million.