CHARLOTTE, N.C., Sept. 08, 2021 (Globe NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) announced today that economical advisor Francis Ciocari CFP® has joined LPL Financial’s broker-dealer, hybrid registered expenditure advisor (RIA) and custodial platforms. He is aligned with Gladstone Prosperity Partners, a big company on LPL’s hybrid RIA system. Ciocari claimed having served roughly $300 million in advisory, brokerage and retirement system belongings*, and joins from Morgan Stanley.
Immediately after paying out his entire occupation in a wirehouse surroundings, Ciocari will lover with current LPL advisors to launch a new Gladstone Prosperity Partners workplace in Blue Bell, Pa. He is joined by longtime assistant and consumer romantic relationship supervisor Christine Buck Nolan. “I’m thrilled to lover with other highly regarded advisors to present elevated expert services to our consumers and mature our community presence,” mentioned Ciocari, who largely functions with corporate executives and affluent buyers.
Ciocari firmly believes in higher-touch, ambitions-based mostly wealth management, and begins each romantic relationship with a economical system. Although working remotely for the duration of the current pandemic surroundings, he decided that the very best way to serve his consumers was by owning his small business and firmly having handle above his procedure. An entrepreneur at heart, Ciocari turned to Gladstone and LPL to begin a new journey as an independent economical advisor. “It’s refreshing to have full autonomy in the way we establish the observe. As independent advisors, we can offer complete transparency and function in our clients’ very best passions,” Ciocari mentioned.
In picking a new lover, Ciocari mentioned, “LPL is a Fortune 500 organization with a great track record, dedicated to investing in progressive know-how and means. I wanted my consumers to really feel at ease being aware of I was partnering with an industry chief and the very best in the independent area. And on top of that, with Gladstone we have accessibility to invaluable means, turnkey guidance and further assist with compliance, leaving me with additional time to expend supporting consumers and their investments. It’s a get-get.”
Richard Frick, handling lover and CEO at Gladstone Prosperity Partners, mentioned, “We are thrilled for Fran to open up our new Husband or wife workplace in Blue Bell, and we look forward to expanding this Philadelphia suburb current market alongside one another. I have recognised Fran for a long time and to be equipped to guidance him as he transitions to the independent channel is an magnificent experience. The momentum just carries on for Gladstone and the independent area, and we think this hybrid workplace surroundings will go on to speed up it. We are dedicated to supporting our advisors each day with customized expert services intended to assist them succeed.”
Scott Posner, LPL executive vice president, Organization Progress, mentioned, “We warmly welcome Fran to the LPL community and congratulate Gladstone on its ongoing progress. At LPL, we offer a variety of affiliation types so that advisors have choices in how they establish a ideal observe that helps make the most perception for them and their consumers. We are proud to get the job done in partnership with Gladstone to provide scale and balance that empowers advisors to build differentiated activities and a flourishing observe. We look forward to supporting Fran and the entire team at the new Gladstone Prosperity Partners workplace in Blue Bell for a long time to occur.”
Study about other companies that a short while ago joined LPL in the LPL Financial News and Media section of LPL.com.
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About LPL Financial
LPL Financial (Nasdaq: LPLA) was established on the basic principle that the organization should really get the job done for the advisor, and not the other way about. Today, LPL is a chief** in the marketplaces we serve, supporting additional than 19,000 economical advisors, 800 establishment-based mostly expenditure packages and 450 independent RIA companies nationwide. We are steadfast in our determination to the advisor-centered product and the perception that People ought to have accessibility to goal direction from a economical advisor. At LPL, independence means that advisors have the freedom they ought to have to choose the small business product, expert services, and know-how means that allow them to run their ideal observe. And they have the freedom to regulate their consumer interactions, simply because they know their consumers very best. Simply place, we get treatment of our advisors, so they can get treatment of their consumers.
** Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Independent Broker-Vendor in the U.S (Based on full revenues, Financial Organizing magazine 1996-2021) No. 1 provider of third-get together brokerage expert services to financial institutions and credit history unions (2020-2021 Kehrer Bielan Exploration & Consulting Yearly TPM Report) Fortune 500 as of June 2021
*Based on prior small business and represents belongings that would have been custodied at LPL Financial, rather than third-get together custodians. Noted belongings and consumer figures have not been independently and entirely verified by LPL Financial.
Securities and advisory expert services available as a result of LPL Financial LLC, an SEC- registered broker-dealer and expenditure advisor. Member FINRA/ SIPC
Throughout this communication, the phrases “financial advisors” and “advisors” are used to refer to registered representatives and/or expenditure advisor representatives affiliated with LPL Financial LLC. We routinely disclose data that may possibly be important to shareholders in the “Investor Relations” or “Press Releases” section of our site.
Gladstone Prosperity Partners and LPL Financial are separate entities.
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