Managing Partner Daxs Stadjuhar Named to the LPL Ambassador Council

The Financial Services Network is pleased to announce that Managing Partner Daxs Stadjuhar has been named by LPL Financial (LPL) as a new member of the LPL Ambassador Council. Stadjuhar is one of 60 members selected from among more than 20,000 LPL advisors and institution leaders nationwide into one of three councils designated by the members’ affiliation with LPL. The LPL Ambassador Council vision is to deepen relationships with a diverse cross-section of highly dedicated financial professionals. In bringing together these earnest, respected individuals, LPL creates a well-informed, extended advocate community. The Ambassador Council program provides a formal opportunity for advisors and institution leaders to stay closely connected to LPL’s strategic roadmap and key executives, and to share their experience, feedback, and support with peers by affiliation type.

“I view this not only as an honor, but an opportunity to further advocate and support the advisors in The Network as well as all of LPL,” said Stadjuhar. “The Network was founded as study group almost 40 years ago, and the council environment of sharing ideas and supporting advisors is at the core of our own firm’s culture.”

Council members serve a multi-year term and attend a series of in-person meetings during their tenure. They also contribute through year-round ad hoc participation supporting LPL communications, events and initiatives, and by connecting with their LPL colleagues on an ongoing basis to ensure their perspectives are brought forward.

The Financial Services Network (http://www.fsnweb.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 $8.9B of advisory assets and $8.8B of brokerage assets through LPL.

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.

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.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

The consultants of The Financial Services Network are registered representatives with, and securities are offered through, LPL Financial, member FINRA/SIPC. The Financial Services Network and LPL Financial are separate entities.

Alex Hayes Joins The Financial Services Network

The Financial Services Network (The Network), along with LPL Financial, is pleased to announce that Alex Hayes, Founder of AJ Wealth & Legacy, LLC, has joined The Network’s advisor affiliates. Alex is the Managing Partner and LPL Financial Advisor at RD’s Financial Strategies (www.rdsfinancial.com), a wealth management firm founded over 20 years ago by longtime Network affiliate, Robert Duitz. With over two decades in the Financial Services industry, Hayes has held consultant positions at some of the largest Asset Management firms in the country with Invesco, Oppenheimer Funds, and American Funds. 

Hayes cares for his clients like they are family, believing that “all relationships, both personal and professional, are founded on trust, integrity, communication,” he states. “I also believe in providing my clients with the best that technology and investing services has so we can offer a streamlined and sophisticated approach to that communication.” In the first quarter, they have made enhancement to software, including financial planning and risk assessment tools, as well as hiring a professional team, The Network’s Portfolio Consulting Services (PCS). The PCS team exists to provide advisors like Hayes with sophisticated and customized investing strategies, allowing Hayes’ internal team to focus on best servicing their clients. “We’re not here to sit on our laurels,” Hayes explains. “We are here to grow and help our clients succeed.”

“When you work with Alex you can expect a professional dedicated to helping clients define and pursue their objectives with candor and integrity,” stated Christopher Mercado, Managing Partner and Chief Investment Strategist of The Network. “As Bob Duitz looks to retire, I am confident he chose the best possible successor.  Alex and Bob’s personal and investing philosophies align fantastically, allowing their clients to continue receiving the high-level service experience they have been accustom.”

The Financial Services Network (The Network) http://www.fsnweb.com, is a national enterprise office that provides a variety of administrative, consulting, compliance and operational services to its partner advisors.

The consultants of The Financial Services Network are registered representatives with, and securities are offered through, LPL Financial, member FINRA/SIPC. The Financial Services Network and LPL Financial are separate entities.

Alexander Hayes is a registered representatives with and securities and Advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC.

Record-Setting Growth for Fox Alliance After One-Year Affiliation with The Financial Services Network & LPL Financial

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://www.fsnweb.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.

The Financial Services Network Welcomes Tim Baumert VP of Portfolio Consulting Services

The Financial Services Network is thrilled to announce that Tim Baumert has joined their Portfolio Consulting team as VP, of Portfolio Consulting (PC) services. Baumert has nearly three decades of experience as an investment officer with two pension funds – Oregon State, CalSTRS, and senior-level positions at firms such as BlackRock and State Street.

As PC continues to grow and expand their offerings, Baumert’s multifaceted experience will elevate the investment team, as well as increase the caliber of support provided to advisors. “I’m amazed by how well everyone here is aligned with The Network’s mission. Joining PC has been a collaborative process, which is perfect as I hold teamwork paramount,” he said. “With my institutional background, I’m looking forward to working within a boutique firm focused on growth so I can directly see my impact.”

“Tim is a highly accomplished financial services professional that will lead our team through our newly enhanced service offering,” Jeremy Olen, Managing Partner and Chief Investment Officer said. “We’re excited to leverage his extensive experience in portfolio management and business solutions to help boost productivity and better the investment experience for both our affiliated advisors and their clients.”

The Financial Services Network (The Network) 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 $9.2B of advisory assets and $9.3B of brokerage assets through LPL. Strategic Wealth Advisors Group (SWAG) is a Registered Investment Advisor (RIA) with over $6.3B in assets under management as of November 2021. Those advisors affiliated with SWAG and are registered representatives of LPL Financial and oversee $4.2B of brokerage assets at LPL. The Network supports advisors who affiliate with independent broker/dealer, LPL Financial, (for both brokerage and advisory business). The Network’s hybrid RIA, SWAG, also supports advisors who manage a Fee Only/RIA Only business as well as those in need of a Hybrid RIA.

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. Neither SWAG nor The Financial Services Network are affiliated with LPL Financial. Schwab, Fidelity and TD Ameritrade are separate entities from LPL Financial.

Time to Celebrate! The Network Anniversaries – October 2021

This October, we’re celebrating the anniversary of Karina Sierra from Business Transitions and Debbie McKenzie from our Virtual Admin team. They both joined The Network in 2018 and reflected on their third year with us.

Moving at the speed of light while managing countless details, Karina enjoys the challenge of helping advisors transition their books of business. When we asked what excites her most about her job, she said it can be summarized in one word: TRUST. “The level of confidence an advisor places on me to ensure things go smoothly during an incredibly complex process is an amazing feeling,” she said.

While she is grateful for the trust from advisors, Karina says her favorite part of her position is the teamwork. “Working on real-time assignments and balancing all the different moving parts on a daily basis, I have developed the amazing and highly rewarding skill of collaboration. I can count on any of my team members at The Network!”

Something people might be surprised to learn about Karina? “I took mixed martial arts and boxing classes as a teenager,” she shared. “And my dream car would be a 1969 Chevrolet Yenko Camaro.”


As Administrative Operations Manager, Debbie first learned about The Network through our Compliance Supervisor, Stacey Richmond. “Stacey and I worked together before she joined TFSN,” Debbie told us. Three years later, they still enjoy being colleagues.

When we asked Debbie what her favorite part about being a Virtual Admin is, she said, “The ever-changing landscape of the financial industry, and the excitement of adapting to the unique culture of each office that I support,” she said. “I feel challenged everyday, which keeps things interesting. I hate being bored!”

While Debbie seems to have found the perfect position for her skillset, we asked what the weirdest job she’s ever had was. “I once worked on an oil platform in Alaska as a chef!” she divulged.