June 20, 2024


Imagination at work

Shoreline Wealth Management Launches with Support of LPL Financial Strategic Wealth Services

CHARLOTTE, N.C., Sept. thirteen, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC (Nasdaq: LPLA) introduced now that fiscal advisors David Crossan CFP®, CLU®, CRC®, and John Stephens, Jr. have teamed up to open a new impartial follow by affiliation with LPL Financial’s Strategic Prosperity Products and services (SWS) design made to support the unique desires of breakaway advisors. The advisors noted owning served about $305 million in advisory, brokerage and retirement prepare assets*. They join LPL from Wells Fargo Advisors.

In launching Shoreline Prosperity Management, Crossan and Stephens have formed a new partnership to ensure enterprise continuity and make differentiated experiences as they support customers navigate the complexities of the fiscal landscape. They are joined by office environment support staff members member Brittany Forte. With a collective 35-as well as many years of business expertise, the advisors focus on estate setting up and multigenerational prosperity administration. They prioritize fiscal education to ensure each client absolutely understands the setting up process and financial commitment recommendations.

With workplaces in Manchester and Manahawkin, N.J., their eyesight is to increase and give services to customers down the full shoreline. “The time is ripe for advisors seeking to changeover to independence, and we want to get started our business and welcome other likeminded advisors into our network,” Stephens claimed.

Crossan and Stephens believe their job paths have been generally leading to the impartial area. It was only a issue of obtaining the proper time and husband or wife. When they learned about LPL’s SWS design, they instantly recognized it as their likelihood to break absent and grow to be correct entrepreneurs. “This is a significant move for us, likely from functioning for a corporation to possessing our enterprise,” Crossan claimed. “There are a ton of going parts when it will come to beginning a new enterprise, so the extra resources and support from the SWS design just manufactured feeling. It provides us a lot more versatility to make tailored services for our customers and run our enterprise the way we see in good shape.”

SWS gives breakaway advisors with a tailor-made expertise and dedicated support for the changeover to independence. Once on board, the price of the design shifts to the folks who give strategic consultation and support execute enterprise responsibilities, acting as an extension of the team’s staff members. The offering involves a enterprise strategist, technology companions, a marketing expert and a CFO to manage the business’s fiscal assets and tactic, leaving advisors with a lot more time to remain centered on the enduring desires of their customers and evolution of their follow.

Video: The Shoreline Prosperity Story

The Shoreline group is particularly seeking ahead to tapping into the marketing resources and the potential to connect across various channels. Crossan hosts a weekly radio show, “The Lighter Side…”, to introduce fiscal concepts and educate both equally his customers and the broader local community. He designs to rebrand the show to tie it back again to the business and with any luck , also move into the podcast area.

They also respect LPL’s integrated prosperity administration system and progressive abilities. “The digital system is extremely person-welcoming, both equally from an advisor standpoint and for our customers, and these enhancements will permit us to be a lot more productive and focus a lot more on the items that are most significant for our customers,” Stephens claimed. “This move was in the long run manufactured so we can do what is very best for our customers. We have extended occupations forward of us, and we believe LPL and the SWS system is the excellent residence for what we’re hoping to create.”

Scott Posner, LPL executive vice president, Small business Advancement, mentioned, “We welcome David and John to the LPL local community and congratulate them on the launch of Shoreline Prosperity Management. We are honored that our impartial system and the SWS design served as a differentiator as they begin the remarkable next chapter of their enterprise and prepare for potential growth. We realize what advisors need to create a excellent follow, and we are dedicated to investing in the integrated abilities and sturdy enterprise resources needed to support them reach that good results. We seem ahead to a extended and effective journey with the Shoreline group.”

Discover about Shoreline Prosperity Management. For a lot more information and facts, get in touch with [email protected].

Advisors, discover an LPL enterprise improvement representative near you.

About LPL Fiscal

LPL Fiscal (Nasdaq: LPLA) was founded on the theory that the business really should function for the advisor, and not the other way all over. Right now, LPL is a chief** in the marketplaces we provide, supporting a lot more than 19,000 fiscal advisors, 800 institution-based mostly financial commitment programs and 450 impartial RIA firms nationwide. We are steadfast in our dedication to the advisor-centered design and the belief that Us citizens have earned access to aim steering from a fiscal advisor. At LPL, independence implies that advisors have the liberty they have earned to pick out the enterprise design, services, and technology resources that permit them to run their excellent follow. And they have the liberty to manage their client associations, mainly because they know their customers very best. Merely put, we just take care of our advisors, so they can just take care of their customers.

** Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Impartial Broker-Supplier in the U.S (Primarily based on total revenues, Fiscal Planning magazine 1996-2021) No. one provider of 3rd-get together brokerage services to banks and credit history unions (2020-2021 Kehrer Bielan Research & Consulting Yearly TPM Report) Fortune five hundred as of June 2021

*Primarily based on prior enterprise and signifies assets that would have been custodied at LPL Fiscal, rather than 3rd-get together custodians. Described assets and client numbers have not been independently and absolutely verified by LPL Fiscal.

Securities and advisory services offered by LPL Fiscal LLC, an SEC- registered broker-supplier and financial commitment advisor. Member FINRA/ SIPC

All through this conversation, the phrases “financial advisors” and “advisors” are employed to refer to registered reps and/or financial commitment advisor reps affiliated with LPL Fiscal LLC. We routinely disclose information and facts that could be significant to shareholders in the “Investor Relations” or “Press Releases” part of our internet site.

Shoreline Prosperity Management and LPL Fiscal are individual entities.

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