LPL Financial Welcomes Washington-Based Wealth Advisor Matt Riesenweber

SAN DIEGO, Sept. 01, 2015 (GLOBE NEWSWIRE) — LPL Financial LLC, the nation’s largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that wealth advisor Matt Riesenweber, CFP®, CMFC, has created a new firm, Cornerstone Wealth Strategies (Cornerstone). The firm has joined LPL’s broker-dealer platform and will provide fee-based advisory services through Financial Advocates Investment Management, an independent RIA on LPL’s hybrid RIA platform. Cornerstone reported that, based on prior business, the firm had served approximately $300 million of client assets, as of June 30, 2015**.

Based in Kennewick, Wash., the Cornerstone team includes two advisors, Riesenweber and Matt Wiser as well as an operations manager and two client service specialists. Cornerstone has been serving clients in the Kennewick and surrounding area for more than a decade and provides financial planning, investment management, retirement planning, estate planning and insurance and annuities services to professionals, small business owners and others.

“Joining LPL Financial is an excellent opportunity for Cornerstone’s clients, my team and the long-term direction of our firm,” Riesenweber said. “The increased flexibility and resources are invaluable, and we feel our clients will greatly benefit from the independent model of our firm.”

“We welcome the Cornerstone team to LPL,” said Steve Pirigyi, executive vice president of business development, LPL. “We appreciate that Matt and his team place great importance on the experience they provide to their clients. We look forward to supporting them with tools and resources to enable them to provide their clients with objective financial advice and to help them take their business to the next level.”

*Based on total revenues, Financial Planning magazine, June 1996-2015

**Asset numbers were reported by Cornerstone Wealth Strategies based on prior business and have not been independently and fully verified by LPL Financial.

About Cornerstone Wealth Strategies

Cornerstone Wealth Strategies is an independent, full-service financial planning firm committed to providing custom solutions designed to help provide financial security to individuals, families and business owners. As independent representatives of LPL Financial, the team at Cornerstone Wealth Strategies provides unbiased fee-based advice and services, including hands-on financial planning, proactive investment management, individual and business retirement consulting, estate planning, and insurance and annuity services. Our wealth advisors have more than two decades of combined experience helping individuals in the Tri-Cities community pursue their financial goals. For more information, please visit www.cornerstonewealthstrategies.com.

About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the financial advice market and serves $486 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,100 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation’s largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2015), is one of the fastest growing RIA custodians with $112 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of June 30, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,385 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial. A registered investment advisor, member FINRA/SIPC.

Investment advice and financial planning offered through Financial Advocates Investment Management, DBA Cornerstone Wealth Strategies, a registered investment advisor. Financial Advocates Investment Management and Cornerstone Wealth Strategies are separate entities from LPL Financial.

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CONTACT: LPL Financial Media Contact
Lauren Hoyt-Williams
980-321-1232
Lauren.Hoyt-Williams@lpl.com

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