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Press Releases


May 5, 2022

OAK WEALTH MANAGEMENT ANNOUNCES RECENT ACQUISITION DURING SEASON OF GROWTH


SACRAMENTO, CALIFORNIA - The Financial Services Network (The Network) announced along with Frank X. Aceves, Jr., CFP®, that Oak Wealth Management (OWM) has acquired the investment management practice of LPL Financial advisor Kathy Conlin. The acquisition comes as part of a large growth strategy for OWM, an investment management and financial planning practice based in Walnut Creek, California.

The partnership and eventual sale were the succession strategy for Conlin, who had over 40 years of industry experience, while Oak Wealth Management founder and CEO Aceves feels the acquisition is a perfect fit. “I’m thrilled for the expansion,” Aceves said. “My firm is still growing and it’s very exciting.” It’s this same enthusiasm that he brings to his clients: “My focus is on family relationships,” he said. “I am blessed to say that pre-acquisition, we service two, three, or four generations within more than one-third of our family relationships, and carry over a 99% percent retention rate.”

Because of this reputation and commitment to multigenerational trust, Aceves knew he would need to find the ideal partner when bringing a new business into his practice. When Aceves and Conlin met by chance at an airport after they both attended an LPL conference in Boston in 2018, Aceves reflects, “it was fate in motion. Kathy and I hit it off right away.” In 2019, coincidentally The Network Managing Partner Christopher Mercado reintroduced them, knowing Conlin was looking for an office and eventual retirement. The two advisors were shocked and pleased to see each other again. It was the ideal match. With any acquisition process, sometimes the details can get overlooked, so “you have to know the person you’re getting into business with,” Aceves noted. “You have to understand the sincerity behind their intent and have trust in them.”

“I couldn’t be more pleased that Aceves is taking over Conlin’s practice,” Mercado stated. “With their complimentary strategies and professional dedication, her clients will be in capable hands.”

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 staff and consultants of The Financial Services Network may be 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), a Registered Investment Advisor or LPL Financial, a Registered Investment Advisor. Both SWAG and The Financial Services Network are separate entities from LPL Financial.

Frank X. Aceves, Jr., is a registered representative with, and Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Strategic Wealth Advisors Group, LLC. a registered investment advisor. Strategic Wealth Advisors Group, LLC. and Oak Wealth Management are separate entities from LPL Financial.

January 21, 2022

RECOGNIZED AS ONE OF LPL FINANCIAL'S TOP FINANCIAL ADVISORS 


Walnut Creek, CA — January 21, 2022 – Frank X. Aceves, Jr., an independent LPL Financial advisor at  in Oak Wealth Management, Walnut Creek, today announced inclusion in LPL’s Director’s Club. With more than 19,000 LPL-affiliated advisors nationwide, LPL awards this distinction to select advisors based on their business success*.

“I congratulate Frank on behalf of LPL,” said We are inspired by his dedication to clients and strong commitment to helping them work toward their financial goals. It is an honor to support Frank with robust resources, integrated capabilities and differentiated service experiences designed to help him run a thriving practice. We wish Frank and his entire team continued success as they create meaningful impact in the lives of their clients in the years ahead success as they continue to add value for clients and in their business in the years ahead.”

Frank is based in Walnut Creek, CA area and provides a full range of financial services, including financial, retirement income, and estate planning, wealth management, long-term care, life insurance, and risk assessment.

Frank Aceves Jr., is affiliated with LPL Financial, a leading wealth management firm. LPL provides the resources, tools and technology that support advisors in their work to enrich their clients’ financial lives. 

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 more than 19,000 financial advisors, 800 institution-based investment programs and 450 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 June 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 as of June 2021

*Achievement is based on top <15 / 23>% of annual production among LPL Advisors only.

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.

Frank X. Aceves, Jr. is a Registered Representative with, and Securities offered through LPL Financial. Member FINRA/SIPCInvestment advice offered through Strategic Wealth Advisors Group, A Registered Investment Advisor.  Oak Wealth Management, LLC and Strategic Wealth Advisors Group are separate entities from LPL Financial.