Lau Financial Group Launches With Support of LPL Strategic Wealth Services
CHARLOTTE, N.C., Jan. 13, 2022 (Globe NEWSWIRE) — LPL Economical LLC these days introduced that fiscal advisor Hugh Lau, CIMA® has launched a new unbiased practice, Lau Fiscal Group, by affiliation with LPL Strategic Wealth Expert services, which is designed to guidance the distinctive desires of breakaway advisors. Lau reported to LPL that he serves about $750 million in advisory, brokerage and retirement plan belongings.* He joins LPL from D.A. Davidson.
The Lau spouse and children has deep roots in their group, with a abundant history of entrepreneurship that dates back to the 1860s when H.P. Lau emigrated to America and launched a grocery company in the heart of Lincoln, Neb. For five generations, the relatives has held a presence in the group, with Hugh Lau starting his monetary products and services vocation in 2000.
With support from Branch Functions Supervisor JoAnn Kreitman, LPL registered assistant, Lau’s intention is to give consumers with personalized financial investment tactics made to assist them increase and maintain extended-phrase wealth. “Our practice was made with the mission of aiding purchasers with building multi-generational wealth for their youngsters and grandchildren,” Lau claimed. “We dwell by the motto, ‘Take treatment of the client and the rest will take care of itself.’ Anything we do is to aid our clients really feel additional secure, calm, self-assured and comfortable with their monetary situation. We communicate with them often, teach them and stick to by way of.”
Video clip: Meet the Lau Economic Team
Wanting for extra autonomy and solutions, Lau and Kreitman decided it was time to locate a new impartial partner—one that would offer them with integrated know-how, backed by scale, and that could enable them deliver consumers with differentiated activities. They explained LPL stood out for the reason that of its Strategic Wealth Products and services giving. “We’re a tiny group of two, so we needed the extra layer of help from LPL Strategic Prosperity Products and services. This provides us very robust support, but the liberty to make the apply on our individual phrases,” Kreitman said.
Committed support from LPL Strategic Prosperity Services
In addition to leveraging LPL’s integrated prosperity administration system and advanced assets necessary to operate a thriving apply, the LPL Strategic Prosperity Expert services model delivers ongoing, individualized aid for every day functions and extensive-phrase small business administration. Early in the journey, Strategic Wealth Companies bridges the transition to independence by giving the crew with dedicated assist and solutions to launch their observe, such as actual estate create out, model improvement, technologies set up and HR support. Once the changeover is complete, the price shifts to the ongoing strategic, administrative, promoting and CFO aid that allows advisors to stay targeted on the enduring requirements of their purchasers, tradition and evolution of their follow.
Outfitted with a turnkey product and a committed operational assistance crew, Lau thinks LPL’s size and scale will increase the team’s price proposition and help them appeal to new advisors and expand their client base. “We’re enthusiastic to be in a position to industry our new brand name and encourage ourselves in the neighborhood,” Lau reported. “Thanks to LPL’s substantial infrastructure, I’m self-confident in our skill to grow our organization and help people – in Lincoln and outside of – get the job done toward their economical targets.”
Outside of operate, Lau and Kreitman are actively concerned in their neighborhood. Lau volunteers for Lighthouse and several local community assignments. He is also a previous board member of Tabitha Foundation and the Madonna Foundation. Kreitman is past chair of the Stransky Live performance Sequence and volunteers for the community radio station KZUM, Lighthouse and the People’s City Mission.
Scott Posner, LPL govt vice president, Enterprise Advancement, explained, “We’re thrilled to have Hugh and JoAnn join the LPL community and are motivated by their passion and drive to develop multi-generational wealth between family members. We are honored they identified that we have the steadiness to serve as a extensive-term lover to their business and their purchasers. At LPL, we are deeply fully commited to our advisors’ good results and will go on to make investments in capabilities created to aid them prosper. We glimpse ahead to supporting the Lau Financial Group with a focused crew that will allow them to focus entirely on serving their shoppers. From preliminary start to ongoing operations, we’re energized to commence this journey and are optimistic for what the upcoming retains.”
A lot more on Lau Monetary Team.
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About LPL Monetary:
LPL Fiscal (Nasdaq: LPLA) was established on the theory that the agency ought to function for the advisor, and not the other way all over. Now, LPL is a chief** in the marketplaces we provide, supporting additional than 19,000 financial advisors, 800 establishment-based mostly investment courses and 450 impartial RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered model and the belief that People in america deserve entry to customized advice from a money advisor. At LPL, independence indicates that advisors have the flexibility they ought to have to pick out the organization model, companies, and engineering methods that allow them to run their ideal apply. And they have the independence to handle their shopper relationships, for the reason that they know their shoppers very best. Basically place, we choose treatment of our advisors, so they can choose care of their clientele.
* Value approximated centered on asset and holding facts presented to LPL from the 12 months 2021
** Best RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report) No. 1 Independent Broker-Vendor in the U.S (Primarily based on overall revenues, Money Setting up journal 1996-2021) No. 1 company of third-occasion brokerage providers to banking institutions and credit rating unions (2020-2021 Kehrer Bielan Investigate & Consulting Once-a-year TPM Report) Fortune 500 Enterprise as of June 2021
Securities and advisory providers offered as a result of LPL Fiscal LLC, an SEC-registered broker-supplier and financial commitment advisor. Member FINRA/SIPC.
All through this conversation, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or expenditure advisor representatives affiliated with LPL Economic LLC. We routinely disclose information and facts that may possibly be critical to shareholders in the “Investor Relations” or “Press Releases” part of our web-site.
Lau Economical Team and LPL Economical are different entities.
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