CHARLOTTE, N.C., Jan. 13, 2022 (Globe NEWSWIRE) — LPL Monetary LLC right now introduced that economic advisor Hugh Lau, CIMA® has introduced a new impartial exercise, Lau Monetary Team, by way of affiliation with LPL Strategic Wealth Solutions, which is built to assist the unique requirements of breakaway advisors. Lau claimed to LPL that he serves approximately $750 million in advisory, brokerage and retirement plan property.* He joins LPL from D.A. Davidson.
The Lau family has deep roots in their community, with a loaded heritage of entrepreneurship that dates back to the 1860s when H.P. Lau emigrated to The usa and established a grocery organization in the coronary heart of Lincoln, Neb. For 5 generations, the household has held a presence in the community, with Hugh Lau commencing his fiscal products and services occupation in 2000.
With support from Department Operations Supervisor JoAnn Kreitman, LPL registered assistant, Lau’s purpose is to offer purchasers with tailor-made financial investment approaches made to aid them develop and preserve long-phrase prosperity. “Our apply was designed with the mission of assisting consumers with developing multi-generational prosperity for their children and grandchildren,” Lau claimed. “We dwell by the motto, ‘Take treatment of the customer and the relaxation will choose treatment of by itself.’ Every little thing we do is to enable our clientele really feel a lot more secure, tranquil, confident and cozy with their financial problem. We communicate with them commonly, teach them and comply with by.”
Movie: Fulfill the Lau Monetary Group
Looking for additional autonomy and possibilities, Lau and Kreitman decided it was time to locate a new unbiased partner—one that would offer them with integrated know-how, backed by scale, and that could enable them deliver clients with differentiated experiences. They explained LPL stood out due to the fact of its Strategic Prosperity Expert services presenting. “We’re a little team of two, so we needed the included layer of assistance from LPL Strategic Wealth Companies. This presents us quite sturdy assist, but the freedom to make the apply on our possess terms,” Kreitman claimed.
Devoted guidance from LPL Strategic Prosperity Companies
In addition to leveraging LPL’s built-in prosperity management platform and advanced resources desired to operate a flourishing practice, the LPL Strategic Prosperity Companies model delivers ongoing, personalised assist for each day functions and long-term business enterprise administration. Early in the journey, Strategic Prosperity Providers bridges the changeover to independence by furnishing the team with dedicated assistance and services to start their exercise, including true estate construct out, manufacturer advancement, technological know-how setup and HR support. The moment the transition is comprehensive, the worth shifts to the ongoing strategic, administrative, advertising and marketing and CFO support that makes it possible for advisors to continue to be targeted on the enduring requirements of their customers, lifestyle and evolution of their practice.
Geared up with a turnkey design and a focused operational assistance crew, Lau thinks LPL’s dimension and scale will boost the team’s value proposition and assist them draw in new advisors and improve their customer base. “We’re psyched to be able to market our new brand name and market ourselves in the neighborhood,” Lau stated. “Thanks to LPL’s intensive infrastructure, I’m assured in our skill to increase our corporation and assist family members – in Lincoln and over and above – do the job toward their money goals.”
Outside the house of function, Lau and Kreitman are actively concerned in their neighborhood. Lau volunteers for Lighthouse and different local community jobs. He is also a past board member of Tabitha Foundation and the Madonna Foundation. Kreitman is past 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 executive vice president, Organization Growth, mentioned, “We’re thrilled to have Hugh and JoAnn join the LPL community and are motivated by their enthusiasm and travel to establish multi-generational wealth amongst families. We are honored they identified that we have the stability to provide as a extended-expression husband or wife to their company and their consumers. At LPL, we are deeply committed to our advisors’ accomplishment and will continue to make investments in capabilities designed to support them prosper. We look ahead to supporting the Lau Money Group with a devoted workforce that permits them to concentrate completely on serving their shoppers. From preliminary start to ongoing operations, we’re energized to start this journey and are optimistic for what the potential holds.”
Extra on Lau Financial Group.
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About LPL Money:
LPL Financial (Nasdaq: LPLA) was started on the theory that the business must do the job for the advisor, and not the other way around. Now, LPL is a leader** in the marketplaces we provide, supporting far more than 19,000 financial advisors, 800 institution-primarily based expenditure applications and 450 independent RIA companies nationwide. We are steadfast in our determination to the advisor-centered product and the belief that Americans deserve entry to personalised direction from a economical advisor. At LPL, independence means that advisors have the flexibility they have earned to select the enterprise product, companies, and technological know-how resources that make it possible for them to operate their ideal practice. And they have the liberty to control their shopper relationships, due to the fact they know their clients very best. Merely put, we consider treatment of our advisors, so they can consider treatment of their consumers.
* Price approximated based mostly on asset and holding details presented to LPL from the 12 months 2021
** Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report) No. 1 Independent Broker-Dealer in the U.S (Primarily based on overall revenues, Fiscal Arranging magazine 1996-2021) No. 1 service provider of third-party brokerage services to banking institutions and credit unions (2020-2021 Kehrer Bielan Study & Consulting Annual TPM Report) Fortune 500 Enterprise as of June 2021
Securities and advisory companies made available as a result of LPL Financial LLC, an SEC-registered broker-vendor and financial investment advisor. Member FINRA/SIPC.
Throughout this conversation, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or expenditure advisor reps affiliated with LPL Monetary LLC. We routinely disclose details that could be crucial to shareholders in the “Investor Relations” or “Press Releases” part of our internet site.
Lau Economic Team and LPL Monetary are different entities.
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