October 1, 2023


Passion For Business

LPL Financial, Gladstone Welcome Wealth Advisory Services

CHARLOTTE, N.C., Sept. 22, 2021 (Globe NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA) announced today that the team at Wealth Advisory Expert services has rejoined LPL Financial’s broker-dealer, corporate registered investment decision advisor (RIA) and custodial platforms. The advisors are aligned with Gladstone Wealth Companions, a big business on LPL’s hybrid RIA system. They noted having served close to $700 million in advisory, brokerage and retirement system belongings*, and be part of from Raymond James.

Primarily based in Doylestown, Pa., the agency is led by taking care of associates Paul Krumenacker and David Jenkins CFP®, who teamed up to located the small business in 2003. They are joined by unbiased monetary advisors Michael Sheehy CFP®, AIF® and Scott Stencler, as very well as place of work aid members Ann Capacete and Karen Wick. The advisors consider delight in giving retirement scheduling and wealth administration to substantial-web-value people today and modest firms, offering custom-made investment decision options to support each individual shopper perform toward earning their lifelong plans attainable.

“Over the yrs, we’ve worked with clientele and their trustworthy gurus, including attorneys and accountants, to develop comprehensive wealth administration options created to make the very best use of their wealth today and support guarantee its endurance for upcoming generations,” mentioned Jenkins.

Immediately after finding out about LPL’s support transformation and mission to consider treatment of its advisors, the team felt self-assured that it was time to return to LPL and reunite with Gladstone CEO Richard Frick, who they worked with at a prior agency. They mentioned LPL’s enhanced technologies, merged with Gladstone’s concierge support, will no cost up far more time to support their clientele.

“We have grown considerably over the very last handful of yrs, and as we acquired bigger, we located ourselves paying far more time on administrative and compliance-relevant jobs,” Krumenacker mentioned. “With the go to LPL and Gladstone, we have more means to consider some of that off our plate so we can go back again to what we love doing, which is specific portfolio administration and making wealth for our clientele.”

The advisors are signing up for Gladstone’s husband or wife product with options to entice new advisors, increase by means of acquisition and insert far more price to their clientele. “Gladstone is thrilled to welcome Wealth Advisory Expert services to the LPL and Gladstone umbrella,” Frick mentioned. “The momentum is contagious and with advisors like Dave, Paul, Scott and Mike signing up for, our advisor power only will get more powerful. I am individually thrilled to be re-uniting with this group some 15 additionally yrs afterwards. This is the second Associate place of work we have opened this thirty day period in the Philadelphia suburbs and will support proceed our powerful advancement, both equally in that sector and nationwide.”

Scott Posner, LPL government vice president, Enterprise Progress, mentioned, “We welcome Paul, David, Michael and Scott back again to the LPL local community. We are honored they regarded our determination to giving advisors and their clientele with differentiated ordeals that just can’t be located everywhere else in the wealth administration field. We are very pleased to perform in partnership with Gladstone to supply scale and innovative answers that empower advisors to thrive. By giving a range of affiliation types, integrated technologies and robust small business means, we attempt to make it much easier for unbiased advisors to create, increase and evolve techniques that meet up with the requires of their clientele. We appear forward to a extended-time period romance with the overall team at Wealth Advisory Expert services.”

Browse about other companies that a short while ago joined LPL in the LPL Money News and Media section of LPL.com.

Advisors, locate an LPL small business enhancement representative near you.

About LPL Money
LPL Money (Nasdaq: LPLA) was launched on the theory that the agency should really perform for the advisor, and not the other way around. Today, LPL is a chief** in the markets we serve, supporting far more than 19,000 monetary advisors, 800 institution-centered investment decision packages and 450 unbiased RIA companies nationwide. We are steadfast in our determination to the advisor-centered product and the perception that Individuals are worthy of access to aim steering from a monetary advisor. At LPL, independence usually means that advisors have the independence they are worthy of to pick out the small business product, products and services, and technologies means that let them to run their great practice. And they have the independence to take care of their shopper interactions, for the reason that they know their clientele very best. Basically put, we consider treatment of our advisors, so they can consider treatment of their clientele.

** Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Impartial Broker-Supplier in the U.S (Primarily based on overall revenues, Money Planning journal 1996-2021) No. 1 provider of third-bash brokerage products and services to banks and credit score unions (2020-2021 Kehrer Bielan Exploration & Consulting Yearly TPM Report) Fortune 500 as of June 2021

*Primarily based on prior small business and represents belongings that would have been custodied at LPL Money, rather than third-bash custodians. Documented belongings and shopper numbers have not been independently and absolutely verified by LPL Money.

Securities and advisory products and services available by means of LPL Money LLC, an SEC- registered broker-dealer and investment decision advisor. Member FINRA/ SIPC

During this interaction, the conditions “financial advisors” and “advisors” are used to refer to registered associates and/or investment decision advisor associates affiliated with LPL Money LLC. We routinely disclose facts that may well be vital to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Wealth Advisory Expert services, Gladstone Wealth Companions and LPL Money are separate entities.

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