WestKai Private Wealth joins LPL Strategic Wealth
Analysis based on 6 articles · First reported Aug 05, 2026 · Last updated Aug 05, 2026
The addition of a $400 million advisory team to LPL Financial's platform is a modest positive for LPL, reflecting its continued growth in the advisor-mediated marketplace. For Morgan Stanley, the departure represents a small loss of assets under management, but is unlikely to have a material impact on its overall business.
On August 5, 2026, LPL Financial announced that financial advisor Don A. Harrell and his team at WestKai Private Wealth have joined LPL Financial's supported independence model, LPL Strategic Wealth. The team, which manages approximately $400 million in advisory, brokerage, and retirement plan assets, previously operated under Morgan Stanley. WestKai Private Wealth, based in San Clemente, California, was founded by Harrell, who serves as CEO and private wealth manager. The team also includes Private Wealth Advisor Blake Davidson and Client Services Manager Cate Harrell. The move to LPL Strategic Wealth provides the team with greater flexibility, access to LPL's technology and investment platform, and operational support, allowing them to deliver more personalized client service. LPL Financial, a publicly traded company, supports over 32,000 financial advisors and custodies approximately $2.6 trillion in assets.
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