The Financial Services Network (The Network), along with LPL Financial, is pleased to announce that The Fox Alliance has reached its one-year anniversary after their recent affiliation with The Network and utilizing the brokerage services of LPL Financial, a registered investment advisor, with record-setting business and organizational growth. The Fox Alliance comprises a group of independent wealth advisors and tax professionals with locations in Austin, Round Rock, Houston, and San Antonio, Texas.
With twenty-nine employees spanning across several financial service disciplines, Fox Alliance considers themselves a one-stop for clients seeking a qualified advisor. “Whether you are strategizing for retirement, need help understanding your investments, or need your taxes prepared, we have an experienced team ready to serve you,” Managing Partner Holden Fox, CWS®, AIF® said. With such a broad variety of services being offered, transparency is key: “We believe in setting clear expectations and providing adequate communication at every step of the relationship,” Fox added. “We want to be certain our clients feel supported, and we are offering advice they can look to as sound.” Thanks in part to this philosophy, their client base continues to grow. Given changes in the market and accounts, they saw a slight decrease in Brokerage assets (down 10%, from $41.62 million to $37.28 million), but ultimately the company’s Advisory assets increased 121% ($98.03 million to $216.78 million) since the transition to The Network and LPL.
Christopher Mercado, Managing Partner and Chief Investment Strategist of The Network, stated: “With the ever-changing dynamics of clients’ financial lives, we are happy to see organizations like the Fox Alliance expanding their service offerings to existing clients and attracting relationships in their community. We also think their energy and drive will continue to attract great talent and business owners looking to partner with them as a succession strategy.”
The Financial Services Network http://marineradvidev.wpengine.com, is a group of professionals that provide services to financial professionals affiliated with LPL Financial (LPL) or Strategic Wealth Advisors Group (SWAG). Advisors who are affiliated with LPL Financial as an Investment Advisor Representative and a Registered Representative oversee $8.3B of advisory assets and $8.8B of brokerage assets through LPL.
Portfolio Consulting is a service provided through The Network that provides customized portfolio research for advisors that are proprietary to each independent advisor’s practice. The service includes customized model guidance, investment research and due diligence, monitoring, trading/rebalancing, tax harvesting, concentrated stock management, investment committee meetings, as well as trade logs, rationale and documentation modeled after an institutional investment process. The Portfolio Consulting team is currently providing services to select group of advisors with assets custodied at LPL Financial, Schwab, Fidelity, and TD Ameritrade.
The consultants of The Financial Services Network are registered representatives with, and securities are offered through, LPL Financial, member FINRA/SIPC. Fee-based investment advisory services may be offered through Strategic Wealth Advisors Group (SWAG) or LPL Financial.
Professionals associated with The Fox Alliance may be either (1) registered representatives with, and securities and advisory services offered through LPL Financial, Member FINRA/SIPC, a registered investment advisor; or (2) solely tax professionals of The Fox Alliance Tax Advisors, LLC., and not affiliated with LPL Financial. Tax related services offered through The Fox Alliance Tax Advisors, LLC. The Fox Alliance Tax Advisors, LLC. is a separate legal entity and not affiliated with LPL Financial. LPL Financial does not offer tax advice or Tax related services.