CHARLOTTE, N.C., Dec. 13, 2021 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Gene Foley has joined LPL, affiliating with Linsco by LPL Financial, the firm’s employee advisor model. He reported having served approximately $85 million in advisory, brokerage and retirement plan assets* and joins LPL from Wells Fargo Advisors.
Foley is a veteran who served in both the Army and Army Reserves prior to his honorable discharge as a captain. He began investing in college and started his career in the financial services industry in 1981—the same year he received the Army Commendation Medal for meritorious service. Looking for more freedom and the ability to serve his clients’ best interests, Foley chose to find a new home for his business at LPL.
“I wanted the independence that comes with owning my practice, where I can truly focus on doing what’s most appropriate for my valued client relationships. I considered several other firms, but I believe LPL is the strongest fit for its ability to meet my clients’ diverse needs,” said Foley, who works remotely out of his home in Portland, Ore. In creating a new brand, Foley chose to name his practice “Emery Foley Investment Management at LPL Financial” to pay homage to his ancestor Emery Foley, an early Oregon pioneer.
He added that the Linsco employee model provides him with the “strongest level of comfort” because of the enhanced level of support. It allows him to have control of his practice without the additional demands of running the operations of a business.
More independence with the support of Linsco
Linsco advisors have brand autonomy and the ability to make decisions on how to best run their practice. With access to LPL’s integrated wealth management platform and innovative resources, advisors are equipped with the tools they need to create differentiated experiences for clients. On top of this, Linsco advisors receive comprehensive turnkey support that includes a dedicated marketing consultant, administrative professional services and an experienced branch management team to help support their goals and strategy.
Outside of work, Foley is a dedicated volunteer on numerous boards in Oregon and Washington states and is a past recipient of the Spirit of Portland award for his tenure with the Neighborhood Accountability Board of the former Portland Impact.
Scott Posner, LPL executive vice president, Business Development, said, “We are delighted to welcome Gene into the LPL community, and we congratulate him on taking control of his business and how he serves his clients. At LPL, we understand that advisors want the freedom and flexibility to provide personalized financial guidance. We will continue leveraging our scale to offer innovative capabilities and other wealth management resources that deliver value and address the relevant needs of their clients.”
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