CHARLOTTE, N.C., Sept. 22, 2021 (Globe NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA) announced now that the staff at Prosperity Advisory Services has rejoined LPL Financial’s broker-seller, company registered investment advisor (RIA) and custodial platforms. The advisors are aligned with Gladstone Prosperity Companions, a big organization on LPL’s hybrid RIA system. They claimed possessing served approximately $seven hundred million in advisory, brokerage and retirement approach assets*, and join from Raymond James.
Dependent in Doylestown, Pa., the agency is led by running partners Paul Krumenacker and David Jenkins CFP®, who teamed up to discovered the business enterprise in 2003. They are joined by impartial money advisors Michael Sheehy CFP®, AIF® and Scott Stencler, as very well as office environment assistance users Ann Capacete and Karen Wick. The advisors take satisfaction in delivering retirement setting up and wealth administration to substantial-internet-truly worth people and small corporations, giving tailored investment ideas to assistance each client perform towards creating their lifelong ambitions attainable.
“Over the decades, we have labored with shoppers and their dependable specialists, which include lawyers and accountants, to develop comprehensive wealth administration ideas made to make the greatest use of their wealth now and assistance make sure its stamina for foreseeable future generations,” said Jenkins.
Right after finding out about LPL’s assistance transformation and mission to take care of its advisors, the staff felt confident that it was time to return to LPL and reunite with Gladstone CEO Richard Frick, who they labored with at a prior agency. They said LPL’s enhanced technologies, mixed with Gladstone’s concierge assistance, will cost-free up far more time to assistance their shoppers.
“We have developed considerably more than the final several decades, and as we acquired bigger, we discovered ourselves investing far more time on administrative and compliance-related jobs,” Krumenacker said. “With the transfer to LPL and Gladstone, we have supplemental resources to take some of that off our plate so we can go again to what we delight in carrying out, which is individual portfolio administration and creating wealth for our shoppers.”
The advisors are becoming a member of Gladstone’s spouse design with ideas to entice new advisors, develop as a result of acquisition and increase far more worth to their shoppers. “Gladstone is thrilled to welcome Prosperity Advisory Services to the LPL and Gladstone umbrella,” Frick said. “The momentum is contagious and with advisors like Dave, Paul, Scott and Mike becoming a member of, our advisor drive only will get much better. I am personally thrilled to be re-uniting with this team some 15 furthermore decades later. This is the 2nd Partner office environment we have opened this month in the Philadelphia suburbs and will assistance continue on our powerful expansion, both of those in that marketplace and nationwide.”
Scott Posner, LPL government vice president, Company Advancement, stated, “We welcome Paul, David, Michael and Scott again to the LPL neighborhood. We are honored they recognized our commitment to delivering advisors and their shoppers with differentiated ordeals that just cannot be discovered any place else in the wealth administration business. We are very pleased to perform in partnership with Gladstone to provide scale and ground breaking options that empower advisors to thrive. By delivering a assortment of affiliation models, integrated technologies and sturdy business enterprise resources, we strive to make it less difficult for impartial advisors to develop, develop and evolve procedures that fulfill the requires of their shoppers. We glance forward to a long-phrase relationship with the overall staff at Prosperity Advisory Services.”
Study about other corporations that recently joined LPL in the LPL Money News and Media part of LPL.com.
Advisors, locate an LPL business enterprise improvement representative near you.
About LPL Money
LPL Money (Nasdaq: LPLA) was founded on the principle that the agency must perform for the advisor, and not the other way close to. These days, LPL is a chief** in the marketplaces we provide, supporting far more than 19,000 money advisors, 800 institution-based investment packages and 450 impartial RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered design and the belief that Individuals are worthy of obtain to goal assistance from a money advisor. At LPL, independence suggests that advisors have the freedom they are worthy of to decide on the business enterprise design, services, and technologies resources that permit them to run their best apply. And they have the freedom to deal with their client associations, due to the fact they know their shoppers greatest. Basically put, we take care of our advisors, so they can take care of their shoppers.
** Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. one Impartial Broker-Supplier in the U.S (Dependent on whole revenues, Money Arranging magazine 1996-2021) No. one provider of 3rd-get together brokerage services to banks and credit score unions (2020-2021 Kehrer Bielan Exploration & Consulting Annual TPM Report) Fortune 500 as of June 2021
*Dependent on prior business enterprise and represents assets that would have been custodied at LPL Money, somewhat than 3rd-get together custodians. Documented assets and client figures have not been independently and totally confirmed by LPL Money.
Securities and advisory services available as a result of LPL Money LLC, an SEC- registered broker-seller and investment advisor. Member FINRA/ SIPC
All through this communication, the conditions “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Money LLC. We routinely disclose information that might be important to shareholders in the “Investor Relations” or “Press Releases” part of our site.
Prosperity Advisory Services, Gladstone Prosperity Companions and LPL Money are individual entities.
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