CHARLOTTE, N.C., Sept. 08, 2021 (Globe NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA) announced now that economical advisor Francis Ciocari CFP® has joined LPL Financial’s broker-vendor, hybrid registered financial investment advisor (RIA) and custodial platforms. He is aligned with Gladstone Prosperity Partners, a significant business on LPL’s hybrid RIA system. Ciocari described having served somewhere around $three hundred million in advisory, brokerage and retirement approach assets*, and joins from Morgan Stanley.
Right after spending his overall job in a wirehouse environment, Ciocari will husband or wife with current LPL advisors to start a new Gladstone Prosperity Partners office environment in Blue Bell, Pa. He is joined by longtime assistant and client relationship supervisor Christine Buck Nolan. “I’m psyched to husband or wife with other respected advisors to present elevated services to our consumers and grow our group presence,” mentioned Ciocari, who mostly is effective with company executives and affluent investors.
Ciocari firmly thinks in significant-contact, plans-based mostly prosperity management, and starts off every single relationship with a economical approach. Even though operating remotely all through the new pandemic environment, he established that the most effective way to serve his consumers was by owning his business enterprise and firmly having management in excess of his method. An entrepreneur at coronary heart, Ciocari turned to Gladstone and LPL to commence a new journey as an unbiased economical advisor. “It’s refreshing to have complete autonomy in the way we create the apply. As unbiased advisors, we can offer you total transparency and operate in our clients’ most effective pursuits,” Ciocari mentioned.
In picking out a new husband or wife, Ciocari stated, “LPL is a Fortune 500 organization with a fantastic track record, fully commited to investing in progressive technology and methods. I preferred my consumers to truly feel relaxed figuring out I was partnering with an field leader and the most effective in the unbiased room. And on best of that, with Gladstone we have obtain to invaluable methods, turnkey assist and extra assistance with compliance, leaving me with far more time to shell out supporting consumers and their investments. It is a get-get.”
Richard Frick, handling husband or wife and CEO at Gladstone Prosperity Partners, stated, “We are psyched for Fran to open up our new Partner office environment in Blue Bell, and we look forward to developing this Philadelphia suburb market place together. I’ve identified Fran for years and to be equipped to assist him as he transitions to the unbiased channel is an awesome emotion. The momentum just carries on for Gladstone and the unbiased room, and we consider this hybrid office environment environment will proceed to accelerate it. We are fully commited to supporting our advisors every single day with personalized services built to assistance them succeed.”
Scott Posner, LPL govt vice president, Business enterprise Development, stated, “We warmly welcome Fran to the LPL group and congratulate Gladstone on its ongoing expansion. At LPL, we offer you a variety of affiliation types so that advisors have alternatives in how they create a fantastic apply that makes the most feeling for them and their consumers. We are proud to operate in partnership with Gladstone to provide scale and stability that empowers advisors to develop differentiated activities and a flourishing apply. We look forward to supporting Fran and the overall team at the new Gladstone Prosperity Partners office environment in Blue Bell for years to appear.”
Read through about other companies that a short while ago joined LPL in the LPL Economical News and Media section of LPL.com.
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About LPL Economical
LPL Economical (Nasdaq: LPLA) was established on the theory that the agency must operate for the advisor, and not the other way close to. Today, LPL is a leader** in the markets we serve, supporting far more than 19,000 economical advisors, 800 establishment-based mostly financial investment programs and 450 unbiased RIA companies nationwide. We are steadfast in our commitment to the advisor-centered product and the belief that People in america deserve obtain to objective guidance from a economical advisor. At LPL, independence usually means that advisors have the liberty they deserve to choose the business enterprise product, services, and technology methods that permit them to operate their fantastic apply. And they have the liberty to take care of their client relationships, since they know their consumers most effective. Simply set, we choose care of our advisors, so they can choose care of their consumers.
** Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Impartial Broker-Dealer in the U.S (Primarily based on total revenues, Economical Planning magazine 1996-2021) No. 1 supplier of 3rd-party brokerage services to banking companies and credit rating unions (2020-2021 Kehrer Bielan Study & Consulting Yearly TPM Report) Fortune 500 as of June 2021
*Primarily based on prior business enterprise and represents assets that would have been custodied at LPL Economical, instead than 3rd-party custodians. Noted assets and client figures have not been independently and thoroughly verified by LPL Economical.
Securities and advisory services made available through LPL Economical LLC, an SEC- registered broker-vendor and financial investment advisor. Member FINRA/ SIPC
During this interaction, the phrases “financial advisors” and “advisors” are employed to refer to registered associates and/or financial investment advisor associates affiliated with LPL Economical LLC. We routinely disclose facts that may be essential to shareholders in the “Investor Relations” or “Press Releases” section of our internet site.
Gladstone Prosperity Partners and LPL Economical are independent entities.
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