LPL Financial Welcomes Elite Financial Network
CHARLOTTE, N.C., Jan. 05, 2022 (Globe NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA) announced right now that Elite Economical Community has joined LPL Financial’s broker-supplier, corporate registered expense advisor (RIA) and custodial platforms. The big business noted to LPL that it served close to $1 billion in advisory, brokerage and retirement approach assets,* and joins LPL from Securities The united states, section of the Advisor Group network of broker-dealers.
Considering the fact that 1992, Elite Economical Community has served consumers in all aspects of their economical life. Established by President and CEO Dan Cairo, the Huntington Seashore, Calif. team is comprised of thirty independent economical advisors who just take a holistic solution to providing individualized companies and proactive prosperity administration. “Our intention is to tutorial consumers via the many economical milestones in their life, from preserving for a child’s school tuition to making prosperity to residing in retirement,” mentioned Cairo, who serves as both economical advisor and business leader. The firm’s management team also features Craig Wong, handling spouse, and Dan’s wife, Cindy Cairo, co-owner and CFO.
As Elite Economical Community proceeds to evolve, the team chose LPL for the subsequent chapter of their business enterprise. “LPL is a strategic spouse to support us reinvent ourselves,” Cairo mentioned. “We take pleasure in the advisor-centric lifestyle below the management of Dan Arnold, and it is clear to us that LPL deeply cares about its advisors’ accomplishment. LPL provides us with obtain to a broad variety of impressive capabilities, business enterprise solutions and investigate to support us provide consumers with differentiated activities as we produce the most recent market place updates, collaborative assistance and expense possibilities.”
Cairo added, “We have our eyes established on sizeable expansion and expansion around the subsequent couple decades, and we are self-assured that this new partnership will give us a aggressive benefit to support catch the attention of like-minded advisors. LPL’s network is expansive and its changeover processes are so economical for advisors who could possibly be interested in becoming a member of our team. We assume great items in advance!”
Ken Hullings, LPL senior vice president, Organization Advancement, mentioned, “We warmly welcome Dan and the entire Elite team to the LPL community. We are pleased to be their spouse of selection as they proceed to evolve their observe and produce far more worth to consumers. Our mission and sole reason is to just take treatment of our advisors so they can just take treatment of their consumers. As a leader in the independent house, LPL is fully commited to providing advisors with a sturdy electronic platform together with large-quality, impressive business enterprise solutions designed to support advisors differentiate their observe and prosper. We search forward to a long-lasting and thriving marriage with Elite Economical Community.”
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About LPL Economical
LPL Economical (Nasdaq: LPLA) was founded on the principle that the business need to function for the advisor, and not the other way all around. Today, LPL is a leader** in the marketplaces we provide, supporting far more than 19,000 economical advisors, 800 establishment-based mostly expense packages and 450 independent RIA corporations nationwide. We are steadfast in our motivation to the advisor-centered product and the belief that People in america are worthy of obtain to individualized guidance from a economical advisor. At LPL, independence means that advisors have the independence they are worthy of to choose the business enterprise product, companies, and technologies assets that make it possible for them to run their ideal observe. And they have the independence to regulate their client interactions, because they know their consumers greatest. Simply just place, we just take treatment of our advisors, so they can just take treatment of their consumers.
** Prime RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report) No. 1 Impartial Broker-Supplier in the U.S (Primarily based on overall revenues, Economical Organizing journal 1996-2021) No. 1 service provider of 3rd-party brokerage companies to banks and credit unions (2020-2021 Kehrer Bielan Study & Consulting Annual TPM Report) Fortune five hundred as of June 2021
* Price approximated based mostly on asset and holding information offered to LPL from the calendar year 2021
Securities and advisory companies supplied via LPL Economical LLC, an SEC-registered broker-supplier and expense advisor. Member FINRA/ SIPC
In the course of this communication, the terms “financial advisors” and “advisors” are employed to refer to registered representatives and/or expense advisor representatives affiliated with LPL Economical LLC. We routinely disclose info that might be crucial to shareholders in the “Investor Relations” or “Press Releases” part of our internet site.
Elite Economical Community and LPL Economical are individual entities.
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