Texas Financial Advisors Joined LPL Financial
Three advisors managing $430 million in assets moved their practices from Raymond James to LPL Financial.
Updated on Sept. 24, 2026 in Financial Planning
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Three Texas-based financial advisors, Jon Burnett, Dan Fowler, and Chad Carlile, have transitioned their practices to LPL Financial. The team manages a combined $430 million in client assets.
Why it matters
The move highlights the ongoing consolidation within the financial advisory industry as independent practitioners look for platforms offering specific support and technology models. The advisors cited familiarity with the LPL ecosystem as the primary driver for their decision to leave Raymond James.
The transition involves $430 million in combined assets managed by the three advisors. The team leaders have collectively collaborated for more than 14 years.
The players
Jon Burnett
He is the lead advisor of Burnett Financial Services based in Amarillo.
Dan Fowler
He is the lead advisor of Fowler Investment Services located in Pampa.
Chad Carlile
He is the lead advisor of Carlile Investment Services based in Lubbock.
LPL Financial
It is a prominent independent broker-dealer and registered investment advisor that supports financial professionals.
Raymond James Financial Services
It is a diversified financial services company that provides investment planning and brokerage services.
The details
Jon Burnett, Dan Fowler, and Chad Carlile integrated their respective firms—Burnett Financial Services, Fowler Investment Services, and Carlile Investment Services—into LPL Financial. The advisors have joined LPL Financial's broker-dealer, registered investment advisor, and custodial platforms.
Timeline
The advisors were previously affiliated with LPL Financial between 2012 and 2022.
LPL announced the advisor move on September 24, 2026.
Market Dynamics
This transition aligns with the broader industry trend of advisors migrating to independent RIA platforms to gain access to proprietary technology and support models. It signals a continued effort by major brokerage firms to retain talent against increasing competitive pressure from platforms like LPL Financial.
Clients of Burnett, Fowler, and Carlile will see their accounts transitioned to the LPL custodial platform, which may change their online access portals or reporting interface. Investors should consult with their advisor to confirm any updates to fee structures or service models resulting from the move.
The takeaway
Advisors often move to platforms where they feel the support model better aligns with their historical experience and long-term business goals. For clients, such shifts are typically administrative but serve as a good reminder to review account performance and service expectations with their advisor.
Further reading
Learn more about shifting trends in the industry on our Financial Planning page.
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