Matesich served $140 million in brokerage and retirement plan assets at the previous firm, according to LPL.
In the wealth management industry since 1987, Matesich is “excited about the next chapter of his life with a new affiliation with LPL Financial,” the company says in a press release.
“I am so impressed with LPL’s culture and the quality of employees. I was looking for a company that values honor and integrity and that’s exactly what I found in LPL,” Matesich says in a statement. “I also really appreciate that LPL is a committed partner. They offer tremendous support in the background, but I can have my own brand and run my business the way that works best for me and my clients.”
LPL says Matesich was drawn to the firm’s “innovative” technology, especially the client-facing systems that allow his customers to track their accounts online, upload legal documents and sign forms electronically.
Matesich is also eager to learn more about social media possibilities from LPL’s marketing team, the company says.
“His story is so inspiring. We are proud to be able to provide him with value-add capabilities and technology so that he can deepen the legacy he built through his business by helping his clients build and protect theirs," Rich Steinmeier, LPL Financial's managing director and divisional president for business development, says in a statement.
LPL provides some insights to Matesich’s start in the industry in 1987.
“He lost two grandparents, two uncles, an aunt, and his wife died 35 hours after giving birth to their second child. Six months later, the company he was working for went bankrupt and he lost his job. He moved back in with his parents and reevaluated his life goals,” LPL says in the press release.
“I didn’t have any experience as a financial advisor, but I love people and I really enjoy finance and it seemed like a natural fit,” Matesich says in a statement.
“So, he took a job at a local bank, earned his licenses and eventually worked for a larger firm where he gained more experience with stocks. In 2009, he launched Matesich Financial Services in his hometown of Grove City, Pa., building an independent business through seminars, charitable work and lots of face-to-face meetings,” LPL says.