07/12/2021

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LPL Financial, Gladstone Welcome Wealth Advisory Services

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CHARLOTTE, N.C., Sept. 22, 2021 (World NEWSWIRE) — LPL Fiscal LLC (Nasdaq:LPLA) announced these days that the team at Prosperity Advisory Companies has rejoined LPL Financial’s broker-supplier, company registered financial investment advisor (RIA) and custodial platforms. The advisors are aligned with Gladstone Prosperity Companions, a substantial enterprise on LPL’s hybrid RIA system. They noted obtaining served around $700 million in advisory, brokerage and retirement approach belongings*, and be part of from Raymond James.

Based in Doylestown, Pa., the company is led by handling companions Paul Krumenacker and David Jenkins CFP®, who teamed up to uncovered the company in 2003. They are joined by independent economical advisors Michael Sheehy CFP®, AIF® and Scott Stencler, as perfectly as workplace support associates Ann Capacete and Karen Wick. The advisors just take pleasure in furnishing retirement organizing and prosperity management to large-net-really worth folks and little companies, featuring custom made financial commitment options to enable just about every shopper do the job towards producing their lifelong ambitions attainable.

“Over the many years, we’ve labored with purchasers and their reliable specialists, such as lawyers and accountants, to develop comprehensive wealth management ideas developed to make the very best use of their prosperity now and enable make sure its endurance for potential generations,” stated Jenkins.

After understanding about LPL’s services transformation and mission to choose care of its advisors, the crew felt assured that it was time to return to LPL and reunite with Gladstone CEO Richard Frick, who they labored with at a prior company. They stated LPL’s increased technological innovation, mixed with Gladstone’s concierge company, will absolutely free up much more time to company their customers.

“We have developed significantly about the past couple of many years, and as we obtained bigger, we located ourselves paying far more time on administrative and compliance-similar jobs,” Krumenacker claimed. “With the transfer to LPL and Gladstone, we have extra resources to acquire some of that off our plate so we can go back again to what we take pleasure in performing, which is personal portfolio administration and making prosperity for our clientele.”

The advisors are joining Gladstone’s spouse product with designs to appeal to new advisors, mature by acquisition and include far more benefit to their shoppers. “Gladstone is excited to welcome Prosperity Advisory Expert services to the LPL and Gladstone umbrella,” Frick mentioned. “The momentum is contagious and with advisors like Dave, Paul, Scott and Mike signing up for, our advisor force only gets more powerful. I am individually thrilled to be re-uniting with this team some 15 as well as a long time afterwards. This is the 2nd Companion business office we have opened this month in the Philadelphia suburbs and will enable proceed our robust advancement, each in that market place and nationwide.”

Scott Posner, LPL government vice president, Small business Progress, mentioned, “We welcome Paul, David, Michael and Scott back again to the LPL local community. We are honored they recognized our commitment to giving advisors and their customers with differentiated ordeals that just cannot be located anyplace else in the prosperity management market. We are very pleased to do the job in partnership with Gladstone to deliver scale and progressive options that empower advisors to prosper. By supplying a selection of affiliation types, built-in technological innovation and sturdy business enterprise means, we try to make it a lot easier for unbiased advisors to develop, improve and evolve tactics that meet up with the needs of their clientele. We glance ahead to a very long-expression partnership with the total workforce at Prosperity Advisory Services.”

Read about other corporations that not too long ago joined LPL in the LPL Economic Information and Media part of LPL.com.

Advisors, uncover an LPL business enterprise improvement representative near you.

About LPL Economic
LPL Economical (Nasdaq: LPLA) was founded on the basic principle that the organization ought to work for the advisor, and not the other way all over. Now, LPL is a chief** in the marketplaces we provide, supporting additional than 19,000 economical advisors, 800 establishment-primarily based financial commitment applications and 450 impartial RIA corporations nationwide. We are steadfast in our determination to the advisor-centered model and the perception that Us residents have earned accessibility to aim advice from a fiscal advisor. At LPL, independence signifies that advisors have the independence they are worthy of to select the business enterprise product, services, and technologies assets that allow them to run their great observe. And they have the freedom to manage their customer relationships, for the reason that they know their clients ideal. Only set, we acquire care of our advisors, so they can consider treatment of their clients.

** Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Impartial Broker-Vendor in the U.S (Based mostly on overall revenues, Economic Setting up magazine 1996-2021) No. 1 supplier of third-party brokerage providers to financial institutions and credit history unions (2020-2021 Kehrer Bielan Investigation & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021

*Based on prior enterprise and signifies assets that would have been custodied at LPL Monetary, fairly than third-celebration custodians. Reported belongings and client quantities have not been independently and completely verified by LPL Economic.

Securities and advisory services available via LPL Financial LLC, an SEC- registered broker-vendor and investment decision advisor. Member FINRA/ SIPC

Throughout this conversation, the conditions “financial advisors” and “advisors” are used to refer to registered reps and/or financial investment advisor reps affiliated with LPL Money LLC. We routinely disclose data that may be crucial to shareholders in the “Investor Relations” or “Press Releases” area of our internet site.

Prosperity Advisory Products and services, Gladstone Prosperity Associates and LPL Monetary are independent entities.

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Media Make contact with:
Lauren Hoyt-Williams
(980) 321-1232
[email protected]