CHARLOTTE, N.C. , Oct. 11, 2021 (World NEWSWIRE) — LPL Monetary LLC (Nasdaq: LPLA) announced today that money advisor Douglas Chin has joined LPL Financial’s broker-vendor, company registered investment advisor (RIA) and custodial platforms, aligned with Gladstone Prosperity Associates, a significant organization on LPL’s hybrid RIA system. He reported having served approximately $200 million in advisory, brokerage and retirement strategy property*, and joins from Morgan Stanley.
Based mostly in Pink Financial institution, N.J., Chin serves higher-internet-value families and small companies in progressing towards their ever-transforming money aims. With 30 many years of working experience in the business, he delivers every single customer with personalised services, using a goal-oriented technique to investment administration. “I focus on very long-time period scheduling to enable shoppers go after their money aims, even though constructing potent interactions with every single and just about every one particular of them in the process. I incorporate the ‘mom rule’ in my business philosophy, dealing with shoppers with the very same respect I give my possess mother,” Chin said.
Chin is a retired Navy Captain, having served more than 30 many years on active obligation and in reserves. He commanded 3 key units and worked in national and regional workers, evaluation command and variety boards. In addition, he was an active member on the Board of Administrators as Treasurer and Expense Committee Chairman for Navy Supply Corps Basis from 1995 to 2008. Dedicated to serving the higher great and connecting with like-minded individuals, he was also component of many professional and armed service businesses.
After performing in the wirehouse ability for most of his job, Chin made the decision to start an unbiased exercise in alignment with Gladstone Prosperity Associates. With the go, he is joined by Carolyn Anderson, registered administrative assistant. Chin stated, “Every business decision I make is in my clients’ ideal interests, and the independence I will get with LPL, coupled with the additional means from the partnership with Gladstone, is just what I require to further more act on that theory. I have the optimum flexibility to manage and progress my exercise, with no worries about having to hit quotas.”
Chin appreciates the range of investment choices and ground breaking technology abilities offered by LPL. He believes that will enable differentiate his exercise in the market, as well as elevate his services choices to shoppers. “My shoppers will now delight in higher-excellent services, personalised remedies and guidance that is goal,” Chin said.
Richard Frick, taking care of companion and CEO at Gladstone Prosperity Associates, said, “We are very pleased to companion with Doug in his journey to independence. We welcome him to the Pink Financial institution office environment and search forward to encouraging him maximize his worth with shoppers and build an even more thriving exercise. The flight to excellent is increasing as more advisors make the go to independence, and Gladstone is right here to enable them with customized remedies and private assistance just about every phase of the way.”
Scott Posner, LPL government vice president, Business Enhancement, stated, “We warmly welcome Doug to the LPL neighborhood and congratulate him on his new unbiased exercise. At LPL, we feel advisors know their business ideal, and we are dedicated to offering them with the most ground breaking business remedies and unwavering assistance. We supply the overall flexibility and scale that embolden advisors with the autonomy to run their thriving methods and exceed business benchmarks. We search forward to supporting Doug in his very long-lasting connection with Gladstone Prosperity Associates.”
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About LPL Monetary
LPL Monetary (Nasdaq: LPLA) was started on the theory that the company need to get the job done for the advisor, and not the other way all around. These days, LPL is a leader** in the markets we serve, supporting more than 19,000 money advisors, 800 institution-based mostly investment courses and 450 unbiased RIA firms nationwide. We are steadfast in our motivation to the advisor-centered design and the perception that People should have access to goal direction from a money advisor. At LPL, independence signifies that advisors have the flexibility they should have to pick out the business design, solutions, and technology means that allow them to run their perfect exercise. And they have the flexibility to manage their customer interactions, since they know their shoppers ideal. Simply just put, we take treatment of our advisors, so they can take treatment of their shoppers.
** Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Supplier in the U.S. (Based mostly on full revenues, Monetary Preparing magazine 1996-2021) No. 1 service provider of 3rd-social gathering brokerage solutions to banks and credit history unions (2020-2021 Kehrer Bielan Exploration & Consulting Annual TPM Report) Fortune five hundred as of June 2021
*Based mostly on prior business and represents property that would have been custodied at LPL Monetary, relatively than 3rd-social gathering custodians. Claimed property and customer figures have not been independently and absolutely confirmed by LPL Monetary.
Securities and advisory solutions supplied by means of LPL Monetary LLC, an SEC- registered broker-vendor and investment advisor. Member FINRA/ SIPC
During this conversation, the conditions “financial advisors” and “advisors” are utilised to refer to registered representatives and/or investment advisor representatives affiliated with LPL Monetary LLC. We routinely disclose information and facts that may perhaps be crucial to shareholders in the “Investor Relations” or “Press Releases” segment of our web-site.
Gladstone Prosperity Associates and LPL Monetary are independent entities.
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