June 21, 2024


Imagination at work

Lau Financial Group Launches With Support of LPL Strategic Wealth Services

CHARLOTTE, N.C., Jan. 13, 2022 (Globe NEWSWIRE) — LPL Economic LLC right now announced that monetary advisor Hugh Lau, CIMA® has introduced a new unbiased exercise, Lau Monetary Team, through affiliation with LPL Strategic Wealth Products and services, which is created to assist the unique demands of breakaway advisors. Lau claimed to LPL that he serves close to $750 million in advisory, brokerage and retirement system assets.* He joins LPL from D.A. Davidson.

The Lau relatives has deep roots in their neighborhood, with a prosperous record of entrepreneurship that dates again to the 1860s when H.P. Lau emigrated to America and started a grocery business in the coronary heart of Lincoln, Neb. For five generations, the family members has held a existence in the neighborhood, with Hugh Lau beginning his economical products and services job in 2000.

With assist from Branch Operations Supervisor JoAnn Kreitman, LPL registered assistant, Lau’s intention is to deliver customers with personalized financial investment tactics designed to help them mature and protect extensive-term wealth. “Our observe was produced with the mission of assisting customers with making multi-generational prosperity for their small children and grandchildren,” Lau reported. “We are living by the motto, ‘Take treatment of the client and the relaxation will choose treatment of by itself.’ All the things we do is to assistance our consumers really feel additional safe, relaxed, assured and comfortable with their money problem. We converse with them routinely, educate them and abide by by means of.”

Video clip: Fulfill the Lau Economical Team

On the lookout for more autonomy and options, Lau and Kreitman made a decision it was time to obtain a new independent partner—one that would provide them with built-in technology, backed by scale, and that could assistance them supply clients with differentiated ordeals. They said LPL stood out since of its Strategic Prosperity Companies presenting. “We’re a compact crew of two, so we necessary the included layer of assist from LPL Strategic Wealth Products and services. This gives us pretty robust support, but the flexibility to develop the follow on our very own conditions,” Kreitman claimed.

Dedicated help from LPL Strategic Wealth Products and services
In addition to leveraging LPL’s built-in wealth management system and sophisticated resources desired to operate a flourishing apply, the LPL Strategic Wealth Providers product delivers ongoing, individualized aid for daily functions and very long-time period enterprise management. Early in the journey, Strategic Wealth Products and services bridges the changeover to independence by delivering the crew with dedicated guidance and solutions to start their apply, like authentic estate build out, brand name growth, engineering setup and HR guidance. When the changeover is finish, the value shifts to the ongoing strategic, administrative, marketing and advertising and CFO help that lets advisors to remain focused on the enduring desires of their purchasers, culture and evolution of their follow.

Geared up with a turnkey model and a devoted operational help workforce, Lau thinks LPL’s dimension and scale will boost the team’s worth proposition and assistance them draw in new advisors and grow their shopper base. “We’re psyched to be equipped to sector our new brand name and market ourselves inside the neighborhood,” Lau mentioned. “Thanks to LPL’s considerable infrastructure, I’m self-confident in our potential to develop our corporation and help households – in Lincoln and beyond – do the job towards their economical targets.”

Exterior of function, Lau and Kreitman are actively included in their community. Lau volunteers for Lighthouse and several community projects. He is also a earlier board member of Tabitha Basis and the Madonna Basis. Kreitman is previous chair of the Stransky Concert Collection and volunteers for the neighborhood radio station KZUM, Lighthouse and the People’s City Mission.

Scott Posner, LPL executive vice president, Small business Enhancement, reported, “We’re thrilled to have Hugh and JoAnn be part of the LPL local community and are influenced by their enthusiasm and generate to make multi-generational prosperity among family members. We are honored they recognized that we have the steadiness to provide as a extensive-term spouse to their company and their shoppers. At LPL, we are deeply committed to our advisors’ results and will continue on to commit in abilities developed to help them prosper. We glance ahead to supporting the Lau Fiscal Group with a focused crew that permits them to aim fully on serving their shoppers. From preliminary launch to ongoing operations, we’re energized to start this journey and are optimistic for what the upcoming holds.”

Much more on Lau Money Group.

Advisors, find an LPL business enterprise progress representative near you.

About LPL Monetary:
LPL Fiscal (Nasdaq: LPLA) was launched on the basic principle that the firm need to get the job done for the advisor, and not the other way all-around. Nowadays, LPL is a chief** in the marketplaces we serve, supporting more than 19,000 fiscal advisors, 800 institution-primarily based investment decision plans and 450 independent RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered product and the perception that People should have accessibility to personalized advice from a monetary advisor. At LPL, independence indicates that advisors have the freedom they ought to have to pick out the organization product, solutions, and technological know-how methods that permit them to run their ideal observe. And they have the freedom to manage their consumer associations, due to the fact they know their consumers ideal. Only place, we acquire care of our advisors, so they can acquire care of their clientele.

* Benefit approximated based mostly on asset and keeping specifics provided to LPL from the calendar year 2021

** Prime RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. 1 Impartial Broker-Vendor in the U.S (Based on total revenues, Money Setting up magazine 1996-2021) No. 1 supplier of third-get together brokerage solutions to banks and credit score unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report) Fortune 500 Enterprise as of June 2021

Securities and advisory expert services offered via LPL Economic LLC, an SEC-registered broker-seller and investment advisor. Member FINRA/SIPC. 

In the course of this conversation, the conditions “financial advisors” and “advisors” are utilised to refer to registered reps and/or investment decision advisor representatives affiliated with LPL Economic LLC. We routinely disclose data that may possibly be critical to shareholders in the “Investor Relations” or “Press Releases” section of our web-site.

Lau Economic Team and LPL Economical are individual entities.

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