CHARLOTTE, N.C., Jan. 13, 2022 (Globe NEWSWIRE) — LPL Financial LLC now announced that financial advisor Hugh Lau, CIMA® has introduced a new independent practice, Lau Fiscal Team, by way of affiliation with LPL Strategic Wealth Companies, which is designed to assistance the one of a kind requirements of breakaway advisors. Lau documented to LPL that he serves somewhere around $750 million in advisory, brokerage and retirement program assets.* He joins LPL from D.A. Davidson.
The Lau family members has deep roots in their group, with a rich history of entrepreneurship that dates again to the 1860s when H.P. Lau emigrated to The united states and established a grocery business in the heart of Lincoln, Neb. For 5 generations, the spouse and children has held a existence in the group, with Hugh Lau commencing his fiscal providers career in 2000.
With aid from Branch Functions Manager JoAnn Kreitman, LPL registered assistant, Lau’s purpose is to present shoppers with personalized financial commitment techniques built to assist them expand and protect very long-term prosperity. “Our exercise was established with the mission of aiding clients with constructing multi-generational prosperity for their small children and grandchildren,” Lau mentioned. “We stay by the motto, ‘Take treatment of the consumer and the relaxation will acquire care of itself.’ Anything we do is to support our shoppers feel far more safe, serene, self-assured and comfy with their fiscal predicament. We communicate with them routinely, teach them and comply with by.”
Movie: Fulfill the Lau Fiscal Group
Looking for additional autonomy and choices, Lau and Kreitman determined it was time to uncover a new unbiased partner—one that would present them with built-in know-how, backed by scale, and that could enable them present clients with differentiated encounters. They mentioned LPL stood out mainly because of its Strategic Prosperity Providers providing. “We’re a compact crew of two, so we necessary the added layer of guidance from LPL Strategic Wealth Providers. This offers us pretty robust aid, but the independence to construct the exercise on our very own phrases,” Kreitman reported.
Devoted assist from LPL Strategic Wealth Companies
In addition to leveraging LPL’s built-in wealth management system and innovative methods required to operate a thriving follow, the LPL Strategic Prosperity Services product provides ongoing, individualized help for daily functions and very long-time period business enterprise administration. Early in the journey, Strategic Wealth Companies bridges the transition to independence by furnishing the team with committed support and products and services to launch their follow, like true estate build out, brand improvement, know-how set up and HR assist. The moment the changeover is total, the benefit shifts to the ongoing strategic, administrative, marketing and CFO help that makes it possible for advisors to remain focused on the enduring desires of their clientele, culture and evolution of their exercise.
Geared up with a turnkey model and a dedicated operational assistance group, Lau thinks LPL’s sizing and scale will increase the team’s price proposition and assist them entice new advisors and grow their client base. “We’re thrilled to be in a position to industry our new brand and encourage ourselves in just the neighborhood,” Lau stated. “Thanks to LPL’s extensive infrastructure, I’m assured in our ability to expand our organization and help people – in Lincoln and past – operate toward their monetary targets.”
Outdoors of do the job, Lau and Kreitman are actively involved in their community. Lau volunteers for Lighthouse and numerous local community assignments. He is also a past board member of Tabitha Basis and the Madonna Basis. Kreitman is previous chair of the Stransky Live performance Series and volunteers for the group radio station KZUM, Lighthouse and the People’s Metropolis Mission.
Scott Posner, LPL govt vice president, Company Advancement, reported, “We’re thrilled to have Hugh and JoAnn be a part of the LPL neighborhood and are influenced by their enthusiasm and push to create multi-generational wealth amid people. We are honored they identified that we have the stability to provide as a extensive-time period partner to their company and their purchasers. At LPL, we are deeply dedicated to our advisors’ results and will go on to make investments in abilities made to aid them thrive. We search forward to supporting the Lau Money Team with a focused staff that lets them to concentration fully on serving their consumers. From preliminary launch to ongoing operations, we’re energized to commence this journey and are optimistic for what the long term holds.”
Extra on Lau Financial Group.
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About LPL Fiscal:
LPL Economical (Nasdaq: LPLA) was established on the basic principle that the firm really should do the job for the advisor, and not the other way all-around. Now, LPL is a leader** in the markets we provide, supporting additional than 19,000 financial advisors, 800 establishment-based financial commitment applications and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered product and the belief that People in america have earned obtain to customized advice from a economic advisor. At LPL, independence implies that advisors have the freedom they have earned to opt for the business enterprise model, companies, and engineering sources that permit them to operate their fantastic follow. And they have the independence to regulate their consumer associations, simply because they know their consumers best. Basically put, we just take treatment of our advisors, so they can just take treatment of their purchasers.
* Worth approximated based mostly on asset and holding details presented to LPL from the year 2021
** Best RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report) No. 1 Unbiased Broker-Dealer in the U.S (Centered on full revenues, Money Scheduling journal 1996-2021) No. 1 service provider of 3rd-social gathering brokerage solutions to financial institutions and credit history unions (2020-2021 Kehrer Bielan Study & Consulting Annual TPM Report) Fortune 500 Corporation as of June 2021
Securities and advisory providers supplied by means of LPL Economical LLC, an SEC-registered broker-seller and investment decision advisor. Member FINRA/SIPC.
During this communication, the terms “financial advisors” and “advisors” are employed to refer to registered associates and/or investment advisor representatives affiliated with LPL Money LLC. We routinely disclose information and facts that might be crucial to shareholders in the “Investor Relations” or “Press Releases” part of our internet site.
Lau Economical Team and LPL Fiscal are separate entities.
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