CHARLOTTE, N.C., Sept. 08, 2021 (World NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA) announced these days that fiscal advisor Francis Ciocari CFP® has joined LPL Financial’s broker-vendor, hybrid registered financial commitment advisor (RIA) and custodial platforms. He is aligned with Gladstone Prosperity Partners, a large enterprise on LPL’s hybrid RIA platform. Ciocari claimed getting served about $300 million in advisory, brokerage and retirement program property*, and joins from Morgan Stanley.
Soon after investing his entire job in a wirehouse setting, Ciocari will lover with present LPL advisors to launch a new Gladstone Prosperity Partners office environment in Blue Bell, Pa. He is joined by longtime assistant and shopper romance supervisor Christine Buck Nolan. “I’m enthusiastic to lover with other highly regarded advisors to present elevated services to our consumers and increase our group presence,” claimed Ciocari, who largely functions with corporate executives and affluent investors.
Ciocari firmly thinks in substantial-touch, targets-dependent prosperity management, and commences each individual romance with a fiscal program. Whilst working remotely in the course of the current pandemic setting, he identified that the ideal way to serve his consumers was by owning his enterprise and firmly getting regulate more than his course of action. An entrepreneur at coronary 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 establish the exercise. As independent advisors, we can give total transparency and function in our clients’ ideal pursuits,” Ciocari claimed.
In deciding upon a new lover, Ciocari mentioned, “LPL is a Fortune five hundred business with a good name, committed to investing in progressive know-how and means. I wished my consumers to feel relaxed figuring out I was partnering with an field chief and the ideal in the independent area. And on top rated of that, with Gladstone we have obtain to priceless means, turnkey assistance and further enable with compliance, leaving me with much more time to shell out supporting consumers and their investments. It is a earn-earn.”
Richard Frick, handling lover and CEO at Gladstone Prosperity Partners, mentioned, “We are enthusiastic for Fran to open our new Spouse office environment in Blue Bell, and we appear ahead to escalating this Philadelphia suburb industry together. I’ve recognised Fran for many years and to be capable to assistance him as he transitions to the independent channel is an great sensation. The momentum just continues for Gladstone and the independent area, and we feel this hybrid office environment setting will proceed to accelerate it. We are committed to supporting our advisors each individual working day with personalised services developed to enable them do well.”
Scott Posner, LPL executive vice president, Business enterprise Improvement, mentioned, “We warmly welcome Fran to the LPL group and congratulate Gladstone on its ongoing growth. At LPL, we give a assortment of affiliation products so that advisors have possibilities in how they establish a best exercise that makes the most sense for them and their consumers. We are proud to operate in partnership with Gladstone to provide scale and balance that empowers advisors to develop differentiated activities and a flourishing exercise. We appear ahead to supporting Fran and the entire staff at the new Gladstone Prosperity Partners office environment in Blue Bell for many years to occur.”
Read through about other companies that just lately joined LPL in the LPL Economical Information and Media section of LPL.com.
Advisors, find an LPL enterprise improvement representative near you.
About LPL Economical
LPL Economical (Nasdaq: LPLA) was established on the basic principle that the organization ought to operate for the advisor, and not the other way all around. These days, LPL is a chief** in the marketplaces we serve, supporting much more than 19,000 fiscal advisors, 800 establishment-dependent financial commitment packages and 450 independent RIA companies nationwide. We are steadfast in our commitment to the advisor-centered design and the perception that Us citizens deserve obtain to aim guidance from a fiscal advisor. At LPL, independence implies that advisors have the liberty they deserve to pick out the enterprise design, services, and know-how means that make it possible for them to run their best exercise. And they have the liberty to regulate their shopper associations, simply because they know their consumers ideal. Simply just place, we consider care of our advisors, so they can consider care of their consumers.
** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. one Impartial Broker-Dealer in the U.S (Based mostly on complete revenues, Economical Scheduling magazine 1996-2021) No. one supplier of 3rd-get together brokerage services to financial institutions and credit score unions (2020-2021 Kehrer Bielan Investigation & Consulting Yearly TPM Report) Fortune five hundred as of June 2021
*Based mostly on prior enterprise and signifies property that would have been custodied at LPL Economical, somewhat than 3rd-get together custodians. Reported property and shopper numbers have not been independently and thoroughly verified by LPL Economical.
Securities and advisory services provided by way of LPL Economical LLC, an SEC- registered broker-vendor and financial commitment advisor. Member FINRA/ SIPC
Throughout this communication, the phrases “financial advisors” and “advisors” are utilized to refer to registered representatives and/or financial commitment advisor representatives affiliated with LPL Economical LLC. We routinely disclose info that may be essential to shareholders in the “Investor Relations” or “Press Releases” section of our site.
Gladstone Prosperity Partners and LPL Economical are independent entities.
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