LPL Financial, Gladstone Welcome Wealth Advisory Services
CHARLOTTE, N.C., Sept. 22, 2021 (World NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) announced nowadays that the workforce at Prosperity Advisory Companies has rejoined LPL Financial’s broker-seller, company registered expenditure advisor (RIA) and custodial platforms. The advisors are aligned with Gladstone Prosperity Companions, a large enterprise on LPL’s hybrid RIA system. They noted obtaining served roughly $seven-hundred million in advisory, brokerage and retirement system belongings*, and be part of from Raymond James.
Based mostly in Doylestown, Pa., the company is led by controlling associates Paul Krumenacker and David Jenkins CFP®, who teamed up to located the organization in 2003. They are joined by unbiased monetary advisors Michael Sheehy CFP®, AIF® and Scott Stencler, as properly as place of work guidance customers Ann Capacete and Karen Wick. The advisors acquire delight in providing retirement organizing and prosperity administration to large-internet-worth people and compact companies, offering customized expenditure plans to assistance each individual consumer perform toward producing their lifelong ambitions attainable.
“Over the a long time, we’ve worked with clientele and their trusted specialists, which includes attorneys and accountants, to generate detailed prosperity administration plans designed to make the ideal use of their prosperity nowadays and assistance be certain its stamina for potential generations,” stated Jenkins.
Right after learning about LPL’s service transformation and mission to acquire treatment of its advisors, the workforce felt self-confident that it was time to return to LPL and reunite with Gladstone CEO Richard Frick, who they worked with at a prior company. They stated LPL’s improved technologies, combined with Gladstone’s concierge service, will cost-free up far more time to service their clientele.
“We have developed significantly about the previous couple a long time, and as we got even larger, we located ourselves investing far more time on administrative and compliance-related duties,” Krumenacker stated. “With the shift to LPL and Gladstone, we have added resources to acquire some of that off our plate so we can go back again to what we get pleasure from accomplishing, which is individual portfolio administration and setting up prosperity for our clientele.”
The advisors are signing up for Gladstone’s husband or wife design with plans to entice new advisors, expand through acquisition and incorporate far more price to their clientele. “Gladstone is fired up to welcome Prosperity Advisory Companies to the LPL and Gladstone umbrella,” Frick stated. “The momentum is contagious and with advisors like Dave, Paul, Scott and Mike signing up for, our advisor power only gets much better. I am individually thrilled to be re-uniting with this group some 15 plus a long time later on. This is the second Associate place of work we have opened this month in the Philadelphia suburbs and will assistance continue on our powerful growth, both equally in that sector and nationwide.”
Scott Posner, LPL executive vice president, Company Development, mentioned, “We welcome Paul, David, Michael and Scott back again to the LPL local community. We are honored they identified our motivation to providing advisors and their clientele with differentiated experiences that can not be located wherever else in the prosperity administration marketplace. We are proud to perform in partnership with Gladstone to supply scale and impressive options that empower advisors to prosper. By providing a assortment of affiliation styles, built-in technologies and sturdy organization resources, we strive to make it less complicated for unbiased advisors to construct, expand and evolve methods that satisfy the requires of their clientele. We search forward to a lengthy-expression marriage with the entire workforce at Prosperity Advisory Companies.”
Study about other companies that lately joined LPL in the LPL Financial News and Media portion of LPL.com.
Advisors, uncover an LPL organization progress representative near you.
About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the company need to perform for the advisor, and not the other way all over. These days, LPL is a chief** in the markets we provide, supporting far more than 19,000 monetary advisors, 800 establishment-based mostly expenditure applications and 450 unbiased RIA companies nationwide. We are steadfast in our motivation to the advisor-centered design and the belief that Americans ought to have obtain to goal direction from a monetary advisor. At LPL, independence signifies that advisors have the independence they ought to have to decide on the organization design, expert services, and technologies resources that enable them to run their ideal practice. And they have the independence to handle their consumer associations, since they know their clientele ideal. Basically place, we acquire treatment of our advisors, so they can acquire treatment of their clientele.
** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Vendor in the U.S (Based mostly on total revenues, Financial Planning journal 1996-2021) No. 1 provider of third-social gathering brokerage expert services to banking companies and credit history unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report) Fortune five hundred as of June 2021
*Based mostly on prior organization and signifies belongings that would have been custodied at LPL Financial, somewhat than third-social gathering custodians. Claimed belongings and consumer numbers have not been independently and fully verified by LPL Financial.
Securities and advisory expert services supplied through LPL Financial LLC, an SEC- registered broker-seller and expenditure advisor. Member FINRA/ SIPC
All over this communication, the conditions “financial advisors” and “advisors” are made use of to refer to registered reps and/or expenditure advisor reps affiliated with LPL Financial LLC. We routinely disclose information that may perhaps be crucial to shareholders in the “Investor Relations” or “Press Releases” portion of our web-site.
Prosperity Advisory Companies, Gladstone Prosperity Companions and LPL Financial are different entities.
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