Faubourg Private Wealth Advisors, a newly formed independent financial advisory firm, has joined the LPL Financial broker-dealer platform and will provide fee-based services to clients through Level Four Wealth Management, an independent advisor group serving more than 120 independent advisors across the US on LPL’s RIA platform.
As of 28 February 2015, Faubourg reported that based on prior business, its financial advisors served $175m of client assets.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Founded by veteran financial advisors formerly serving bank-based private clients, Faubourg provides independent, comprehensive financial planning and investment services on a customized basis to individuals, families and organizations in Metairie, Louisiana, and the surrounding New Orleans area.
Faubourg is comprised of six financial professionals, including three licensed advisors. The firm plans to focus on attracting additional advisors from across Louisiana to grow its service-oriented wealth management firm.
Founding partner P. David Soliman said: "We are thrilled to work with LPL Financial and Level Four® to bring our clients the many benefits of truly independent financial advice. We look forward to having access to a broad array of investment products and resources – previously unavailable to us – and to have the freedom to work closely with our clients to provide tailored financial advice and investment strategies."
LPL Financial executive vice president of business development Steve Pirigyi said: "We welcome the Faubourg team to the LPL platform and are pleased that they have chosen our firm to support their business in their move to independence. Our industry-leading technology, service and resources will help them to deliver tailored solutions to address their clients meet their financial goals."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataFounding partner Tyson Vanlandingham added: "As we move forward, we will work to attract additional advisors from across Louisiana -from bank-based programs and well as from regional and national wirehouses – to expand upon our service to clients. We take a holistic approach by working with clients and their other trusted advisors, including accountants, attorneys, bankers and insurance agents, to provide targeted independent wealth management."
Level Four CEO Jake Tomes commented: "We believe that advisory firms such as Faubourg exemplify the firm of the future and we are excited to have them in our network. Faubourg will serve as an important strategic cornerstone for Level Four® in the New Orleans area. We look forward to helping them grow and attract additional advisors and specialists to their firm as well as to Level Four® Wealth Management."
Faubourg’s primarily fee-based services include financial planning and monitoring, investment advisory, trust services, retirement plan consultation and administrative support, individual retirement accounts and estate planning services.
