CHARLOTTE, N.C., Sept. 08, 2021 (Globe NEWSWIRE) — LPL Economic LLC (Nasdaq:LPLA) announced today that fiscal advisor Francis Ciocari CFP® has joined LPL Financial’s broker-supplier, hybrid registered expenditure advisor (RIA) and custodial platforms. He is aligned with Gladstone Prosperity Companions, a huge business on LPL’s hybrid RIA system. Ciocari claimed obtaining served approximately $three hundred million in advisory, brokerage and retirement system belongings*, and joins from Morgan Stanley.
Immediately after shelling out his total career in a wirehouse atmosphere, Ciocari will husband or wife with current LPL advisors to start a new Gladstone Prosperity Companions business in Blue Bell, Pa. He is joined by longtime assistant and shopper romance manager Christine Buck Nolan. “I’m psyched to husband or wife with other highly regarded advisors to provide elevated solutions to our customers and improve our group existence,” explained Ciocari, who largely functions with company executives and affluent buyers.
Ciocari firmly thinks in superior-contact, aims-dependent prosperity administration, and starts off each individual romance with a fiscal system. While working remotely during the recent pandemic atmosphere, he decided that the best way to provide his customers was by possessing his company and firmly obtaining control in excess of his course of action. An entrepreneur at heart, Ciocari turned to Gladstone and LPL to commence a new journey as an independent fiscal advisor. “It’s refreshing to have comprehensive autonomy in the way we develop the observe. As independent advisors, we can provide total transparency and work in our clients’ best passions,” Ciocari explained.
In picking out a new husband or wife, Ciocari said, “LPL is a Fortune 500 business with a wonderful status, committed to investing in innovative technological know-how and assets. I desired my customers to sense at ease figuring out I was partnering with an industry leader and the best in the independent space. And on leading of that, with Gladstone we have access to a must have assets, turnkey assistance and supplemental help with compliance, leaving me with extra time to spend supporting customers and their investments. It is a win-win.”
Richard Frick, controlling husband or wife and CEO at Gladstone Prosperity Companions, said, “We are psyched for Fran to open up our new Lover business in Blue Bell, and we appear forward to escalating this Philadelphia suburb current market with each other. I have recognized Fran for years and to be in a position to assistance him as he transitions to the independent channel is an magnificent experience. The momentum just proceeds for Gladstone and the independent space, and we consider this hybrid business atmosphere will go on to speed up it. We are committed to supporting our advisors each individual working day with personalized solutions intended to help them succeed.”
Scott Posner, LPL govt vice president, Business Advancement, said, “We warmly welcome Fran to the LPL group and congratulate Gladstone on its ongoing expansion. At LPL, we provide a selection of affiliation models so that advisors have options in how they develop a excellent observe that tends to make the most sense for them and their customers. We are very pleased to get the job done in partnership with Gladstone to produce scale and security that empowers advisors to build differentiated encounters and a thriving observe. We appear forward to supporting Fran and the total team at the new Gladstone Prosperity Companions business in Blue Bell for years to arrive.”
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About LPL Economic
LPL Economic (Nasdaq: LPLA) was started on the basic principle that the firm should really get the job done for the advisor, and not the other way all-around. Today, LPL is a leader** in the markets we provide, supporting extra than 19,000 fiscal advisors, 800 institution-dependent expenditure plans and 450 independent RIA firms nationwide. We are steadfast in our motivation to the advisor-centered model and the belief that People are entitled to access to goal steerage from a fiscal advisor. At LPL, independence usually means that advisors have the flexibility they are entitled to to opt for the company model, solutions, and technological know-how assets that allow for them to run their excellent observe. And they have the flexibility to handle their shopper relationships, simply because they know their customers best. Just set, we get treatment of our advisors, so they can get treatment of their customers.
** Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Impartial Broker-Dealer in the U.S (Centered on whole revenues, Economic Planning magazine 1996-2021) No. 1 company of 3rd-social gathering brokerage solutions to financial institutions and credit score unions (2020-2021 Kehrer Bielan Analysis & Consulting Annual TPM Report) Fortune 500 as of June 2021
*Centered on prior company and represents belongings that would have been custodied at LPL Economic, alternatively than 3rd-social gathering custodians. Documented belongings and shopper quantities have not been independently and thoroughly verified by LPL Economic.
Securities and advisory solutions provided through LPL Economic LLC, an SEC- registered broker-supplier and expenditure advisor. Member FINRA/ SIPC
All through this conversation, the terms “financial advisors” and “advisors” are applied to refer to registered representatives and/or expenditure advisor representatives affiliated with LPL Economic LLC. We routinely disclose info that may perhaps be critical to shareholders in the “Investor Relations” or “Press Releases” segment of our site.
Gladstone Prosperity Companions and LPL Economic are separate entities.
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