October 3, 2023

Pegasus Voyage

Study the Competition

LPL Financial, Gladstone Welcome Wealth Advisory Services

CHARLOTTE, N.C., Sept. 22, 2021 (World NEWSWIRE) — LPL Fiscal LLC (Nasdaq:LPLA) announced today that the staff at Prosperity Advisory Services has rejoined LPL Financial’s broker-supplier, company registered investment decision advisor (RIA) and custodial platforms. The advisors are aligned with Gladstone Prosperity Partners, a massive company on LPL’s hybrid RIA platform. They noted getting served close to $seven-hundred million in advisory, brokerage and retirement plan assets*, and be part of from Raymond James.

Centered in Doylestown, Pa., the organization is led by handling partners Paul Krumenacker and David Jenkins CFP®, who teamed up to discovered the company in 2003. They are joined by unbiased fiscal advisors Michael Sheehy CFP®, AIF® and Scott Stencler, as properly as office aid users Ann Capacete and Karen Wick. The advisors get pleasure in furnishing retirement arranging and wealth administration to significant-net-really worth people and compact businesses, supplying tailored investment decision ideas to support just about every shopper function towards generating their lifelong ambitions attainable.

“Over the years, we’ve worked with purchasers and their trustworthy gurus, which include attorneys and accountants, to produce comprehensive wealth administration ideas created to make the finest use of their wealth today and support make sure its endurance for upcoming generations,” explained Jenkins.

Right after learning about LPL’s assistance transformation and mission to get care of its advisors, the staff felt assured that it was time to return to LPL and reunite with Gladstone CEO Richard Frick, who they worked with at a prior organization. They explained LPL’s enhanced technological innovation, mixed with Gladstone’s concierge assistance, will no cost up much more time to assistance their purchasers.

“We have developed considerably about the final number of years, and as we acquired even larger, we discovered ourselves expending much more time on administrative and compliance-relevant responsibilities,” Krumenacker explained. “With the transfer to LPL and Gladstone, we have extra assets to get some of that off our plate so we can go back to what we take pleasure in accomplishing, which is particular person portfolio administration and setting up wealth for our purchasers.”

The advisors are joining Gladstone’s lover product with ideas to attract new advisors, grow by means of acquisition and increase much more benefit to their purchasers. “Gladstone is enthusiastic to welcome Prosperity Advisory Services to the LPL and Gladstone umbrella,” Frick explained. “The momentum is contagious and with advisors like Dave, Paul, Scott and Mike joining, our advisor force only will get more powerful. I am personally thrilled to be re-uniting with this group some 15 as well as years afterwards. This is the second Partner office we have opened this thirty day period in the Philadelphia suburbs and will support go on our sturdy expansion, each in that current market and nationwide.”

Scott Posner, LPL government vice president, Business enterprise Enhancement, said, “We welcome Paul, David, Michael and Scott back to the LPL community. We are honored they identified our motivation to furnishing advisors and their purchasers with differentiated experiences that can not be discovered any place else in the wealth administration sector. We are happy to function in partnership with Gladstone to deliver scale and innovative solutions that empower advisors to prosper. By furnishing a assortment of affiliation models, integrated technological innovation and sturdy company assets, we strive to make it less difficult for unbiased advisors to build, grow and evolve practices that fulfill the needs of their purchasers. We glimpse ahead to a long-phrase partnership with the entire staff at Prosperity Advisory Services.”

Browse about other corporations that lately joined LPL in the LPL Fiscal Information and Media portion of LPL.com.

Advisors, obtain an LPL company enhancement representative near you.

About LPL Fiscal
LPL Fiscal (Nasdaq: LPLA) was launched on the theory that the organization really should function for the advisor, and not the other way about. Now, LPL is a leader** in the marketplaces we serve, supporting much more than 19,000 fiscal advisors, 800 establishment-based mostly investment decision plans and 450 unbiased RIA corporations nationwide. We are steadfast in our motivation to the advisor-centered product and the perception that Individuals have earned accessibility to goal steering from a fiscal advisor. At LPL, independence indicates that advisors have the liberty they have earned to choose the company product, services, and technological innovation assets that allow them to operate their great observe. And they have the liberty to manage their shopper interactions, for the reason that they know their purchasers finest. Just place, we get care of our advisors, so they can get care of their purchasers.

** Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Unbiased Broker-Vendor in the U.S (Centered on full revenues, Fiscal Arranging journal 1996-2021) No. 1 service provider of 3rd-get together brokerage services to banking institutions and credit score unions (2020-2021 Kehrer Bielan Study & Consulting Annual TPM Report) Fortune 500 as of June 2021

*Centered on prior company and represents assets that would have been custodied at LPL Fiscal, relatively than 3rd-get together custodians. Described assets and shopper figures have not been independently and completely verified by LPL Fiscal.

Securities and advisory services provided by means of LPL Fiscal LLC, an SEC- registered broker-supplier and investment decision advisor. Member FINRA/ SIPC

All over this conversation, the terms “financial advisors” and “advisors” are utilized to refer to registered reps and/or investment decision advisor reps affiliated with LPL Fiscal LLC. We routinely disclose information that might be critical to shareholders in the “Investor Relations” or “Press Releases” portion of our internet site.

Prosperity Advisory Services, Gladstone Prosperity Partners and LPL Fiscal are different entities.

Join with Us!




Media Get in touch with:
Lauren Hoyt-Williams
(980) 321-1232
[email protected]