July 14, 2024


Make Every Business

LPL Financial, Gladstone Welcome Wealth Advisory Services

CHARLOTTE, N.C., Sept. 22, 2021 (World NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA) announced now that the workforce at Prosperity Advisory Providers has rejoined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. The advisors are aligned with Gladstone Prosperity Companions, a huge business on LPL’s hybrid RIA platform. They described having served roughly $700 million in advisory, brokerage and retirement prepare property*, and join from Raymond James.

Based mostly in Doylestown, Pa., the firm is led by managing partners Paul Krumenacker and David Jenkins CFP®, who teamed up to located the organization in 2003. They are joined by impartial economical advisors Michael Sheehy CFP®, AIF® and Scott Stencler, as properly as office environment assist members Ann Capacete and Karen Wick. The advisors take pride in supplying retirement setting up and wealth management to significant-web-truly worth persons and little firms, supplying custom made investment strategies to assistance just about every client perform towards earning their lifelong objectives attainable.

“Over the yrs, we’ve worked with purchasers and their trusted pros, which includes lawyers and accountants, to create detailed wealth management strategies created to make the best use of their wealth now and assistance make certain its stamina for future generations,” stated Jenkins.

Following understanding about LPL’s services transformation and mission to take care of its advisors, the workforce felt assured that it was time to return to LPL and reunite with Gladstone CEO Richard Frick, who they worked with at a prior firm. They stated LPL’s enhanced technologies, combined with Gladstone’s concierge services, will free up a lot more time to services their purchasers.

“We have grown significantly about the previous few yrs, and as we bought bigger, we located ourselves investing a lot more time on administrative and compliance-related responsibilities,” Krumenacker stated. “With the go to LPL and Gladstone, we have further resources to take some of that off our plate so we can go back to what we delight in performing, which is specific portfolio management and constructing wealth for our purchasers.”

The advisors are becoming a member of Gladstone’s spouse design with strategies to entice new advisors, improve by acquisition and increase a lot more benefit to their purchasers. “Gladstone is energized to welcome Prosperity Advisory Providers to the LPL and Gladstone umbrella,” Frick stated. “The momentum is contagious and with advisors like Dave, Paul, Scott and Mike becoming a member of, our advisor drive only gets more robust. I am personally thrilled to be re-uniting with this team some fifteen in addition yrs later on. This is the next Companion office environment we have opened this month in the Philadelphia suburbs and will assistance carry on our robust expansion, both of those in that industry and nationwide.”

Scott Posner, LPL government vice president, Business enterprise Development, said, “We welcome Paul, David, Michael and Scott back to the LPL neighborhood. We are honored they acknowledged our commitment to supplying advisors and their purchasers with differentiated experiences that just cannot be located anywhere else in the wealth management business. We are proud to perform in partnership with Gladstone to provide scale and ground breaking solutions that empower advisors to thrive. By supplying a assortment of affiliation products, built-in technologies and sturdy organization resources, we attempt to make it easier for impartial advisors to construct, improve and evolve practices that fulfill the needs of their purchasers. We glimpse forward to a very long-phrase romantic relationship with the entire workforce at Prosperity Advisory Providers.”

Examine about other corporations that not too long ago joined LPL in the LPL Money News and Media segment of LPL.com.

Advisors, uncover an LPL organization advancement representative near you.

About LPL Money
LPL Money (Nasdaq: LPLA) was founded on the theory that the firm should really perform for the advisor, and not the other way close to. Today, LPL is a chief** in the marketplaces we serve, supporting a lot more than 19,000 economical advisors, 800 institution-based investment systems and 450 impartial RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered design and the perception that People in america ought to have accessibility to objective advice from a economical advisor. At LPL, independence implies that advisors have the liberty they ought to have to pick out the organization design, companies, and technologies resources that enable them to run their perfect apply. And they have the liberty to control their client associations, mainly because they know their purchasers best. Just place, we take care of our advisors, so they can take care of their purchasers.

** Prime RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Impartial Broker-Vendor in the U.S (Based mostly on overall revenues, Money Arranging journal 1996-2021) No. 1 company of 3rd-occasion brokerage companies to banks and credit score unions (2020-2021 Kehrer Bielan Analysis & Consulting Annual TPM Report) Fortune 500 as of June 2021

*Based mostly on prior organization and signifies property that would have been custodied at LPL Money, instead than 3rd-occasion custodians. Claimed property and client quantities have not been independently and fully confirmed by LPL Money.

Securities and advisory companies made available by LPL Money LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/ SIPC

In the course of this communication, the terms “financial advisors” and “advisors” are made use of to refer to registered associates and/or investment advisor associates affiliated with LPL Money LLC. We routinely disclose details that might be vital to shareholders in the “Investor Relations” or “Press Releases” segment of our web page.

Prosperity Advisory Providers, Gladstone Prosperity Companions and LPL Money are independent entities.

Hook up with Us!




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