Northwest Financial Advisors honored for service and delivery of advice to clients
Firm Lands in Top 5 of LPL Financial’s 800 Financial Institution Investment Programs
HERNDON, VA (March 24, 2022) — Northwest Financial Advisors (NWFA) has been named a 2021 Top Investment Program by LPL Financial, a partner to the program providing comprehensive investment and wealth management services.
During LPL’s annual Program Leaders Conference, held Feb. 16-18 in Fort Lauderdale, Fla.,
NWFA and its financial professionals were recognized for their growth as well as the use of innovation and leadership in driving change. Led by Senior VP Karen Benedict, the program was among only five of approximately 800 LPL Financial programs located within banks and credit unions to earn similar recognition.
Benedict said, “I’m very proud of our advisors and support staff for their extraordinary work which has made this recognition possible. I accept this honor with gratitude to LPL Financial for their partnership and support that enables us to deliver outstanding wealth management services to our valued clients.”
NWFA’s president and CEO Kevin Fisher expressed his delight with the recognition. “I’m incredibly proud of Karen Benedict and the NWFA team,” he said. “It’s a great honor to be recognized for our service and delivery of advice to clients which is the very foundation of our business.”
“It is an honor to congratulate the entire team at Northwest Financial Advisors for their dedication to helping clients gain access to personalized financial advice in an ever-changing environment,” said Shawn Mihal, LPL Financial executive vice president, Institution Services Relationship Management. “The program had a strong year and remains committed to the highest standards in serving their clients’ best interests. This honor demonstrates the tireless work that each team member does to take care of their clients’ financial needs and aspirations. LPL is a proud partner and is committed to providing the program with the strategic support and robust resources they need and deserve. We thank Northwest Financial Advisors for their continued partnership and look forward to seeing them grow and expand their reach.”
NWFA’s team of 11 advisors serve Northwest Federal Credit Union (NWFCU) members and the general public from the firm’s Herndon headquarters, virtually and at NWFCU’s Virginia and Maryland branch locations. Under Benedict’s leadership, NWFA closed 2021 with $2.3 billion in total assets under management (AUM).
LPL Financial is a leading provider of third-party investment services to banks and credit unions, offering wealth management and investment services to approximately 800 banks and credit unions nationwide.* LPL provides personalized service and support, a robust, integrated technology platform, investment platforms, markets insights, and practice management solutions that enable the delivery of personalized financial guidance.
*Rankings based on overall production among all LPL Financial FIS advisors, 2007 through December 31, 2021.
Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products offered through LPL or its licensed affiliates. Investment advice offered through Northwest Financial Advisors, a registered investment advisor and separate entity from LPL Financial. Northwest Federal Credit Union (NWFCU) is not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Northwest Financial Advisors and may also be employees of NWFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NWFCU or Northwest Financial Advisors. Securities and insurance offered through LPL or its affiliates are:
|Not Insured By NCUA or Any Other Government Entity.
|Not Credit Union Guaranteed.
|Not Credit Union Deposits
|May Lose Value.
Left to Right: Shawn Mihal Executive Vice President, LPL Institution Services, Relationship Management; Lori L. Zwick, Vice President Relationship Management | Institution Services; Karen Benedict, Senior Vice President of Northwest Financial Advisors; and Claire D’Addario McCarthy, CFP®, Senior Vice President Institution Services Relationship Management
About Northwest Financial Advisors
Serving individuals and businesses across the nation for more than two decades, Northwest Financial Advisors (NWFA) is owned by NW Capital Management, a wholly owned subsidiary of Northwest Federal Credit Union, and offers a comprehensive range of personalized, objective wealth management advice and solutions to help individuals, families and business owners create, grow, protect and preserve their assets. LPL Financial, the nation’s leading independent broker-dealer and NWFA’s securities custodian, ranked NWFA the No. 1 investment program among its credit union programs and the No. 5 investment program among its bank and credit union programs combined in 2020 (based on total investment revenue).1 For more information, visit nwfllc.com.
About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 20,000 financial advisors, and approximately 800 institution-based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
*Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.
Securities and advisory services offered through LPL Financial LLC, an SEC-registered broker-dealer and investment advisor. Member FINRA/ SIPC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Investment Programs located at banks and credit unions were evaluated by: Rep Productivity; Asset Under Management (AUM) Growth; New Net Assets; Advisory Growth; Headcount Growth; Total AUM Growth; Total GDC. The top 40 in each category were given points and then the scores for each category were combined to give the investment programs cumulative score. The data is reviewed and the strongest candidates for are considered and confirmed by LPL Financial.
Throughout this communication, the terms “financial advisors” and “advisors” include registered representatives and/or investment adviser representatives affiliated with LPL Financial LLC, an SEC registered broker-dealer and investment adviser.