CHARLOTTE, N.C., Sept. 08, 2021 (Globe NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA) announced now that money advisor Francis Ciocari CFP® has joined LPL Financial’s broker-seller, hybrid registered financial investment advisor (RIA) and custodial platforms. He is aligned with Gladstone Prosperity Companions, a substantial business on LPL’s hybrid RIA system. Ciocari claimed obtaining served about $300 million in advisory, brokerage and retirement program belongings*, and joins from Morgan Stanley.
Immediately after paying his overall career in a wirehouse setting, Ciocari will husband or wife with current LPL advisors to launch a new Gladstone Prosperity Associates office environment in Blue Bell, Pa. He is joined by longtime assistant and customer romance supervisor Christine Buck Nolan. “I’m energized to associate with other revered advisors to present elevated expert services to our consumers and grow our local community existence,” stated Ciocari, who generally performs with corporate executives and affluent investors.
Ciocari firmly believes in superior-touch, ambitions-primarily based wealth management, and starts off each and every romance with a financial program. Although performing remotely during the modern pandemic ecosystem, he decided that the ideal way to serve his purchasers was by proudly owning his business enterprise and firmly having management in excess of his procedure. An entrepreneur at heart, Ciocari turned to Gladstone and LPL to start off a new journey as an unbiased economical advisor. “It’s refreshing to have full autonomy in the way we establish the apply. As independent advisors, we can offer you whole transparency and run in our clients’ ideal interests,” Ciocari stated.
In selecting a new spouse, Ciocari mentioned, “LPL is a Fortune 500 company with a great track record, fully commited to investing in innovative technology and means. I wanted my clients to experience comfortable being aware of I was partnering with an market chief and the finest in the impartial house. And on leading of that, with Gladstone we have access to priceless assets, turnkey assistance and extra support with compliance, leaving me with a lot more time to expend supporting shoppers and their investments. It’s a win-win.”
Richard Frick, managing partner and CEO at Gladstone Wealth Associates, stated, “We are thrilled for Fran to open our new Associate workplace in Blue Bell, and we seem forward to increasing this Philadelphia suburb market place together. I have recognized Fran for a long time and to be capable to aid him as he transitions to the independent channel is an awesome emotion. The momentum just continues for Gladstone and the independent space, and we consider this hybrid office surroundings will go on to speed up it. We are dedicated to supporting our advisors just about every working day with individualized services made to support them thrive.”
Scott Posner, LPL executive vice president, Small business Development, said, “We warmly welcome Fran to the LPL group and congratulate Gladstone on its ongoing advancement. At LPL, we offer you a assortment of affiliation styles so that advisors have possibilities in how they establish a excellent apply that can make the most feeling for them and their clientele. We are happy to function in partnership with Gladstone to produce scale and security that empowers advisors to develop differentiated experiences and a flourishing observe. We seem ahead to supporting Fran and the whole group at the new Gladstone Prosperity Companions place of work in Blue Bell for a long time to arrive.”
Read about other companies that not too long ago joined LPL in the LPL Money Information and Media part of LPL.com.
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About LPL Monetary
LPL Fiscal (Nasdaq: LPLA) was founded on the basic principle that the company ought to function for the advisor, and not the other way about. Nowadays, LPL is a leader** in the marketplaces we serve, supporting much more than 19,000 economic advisors, 800 establishment-primarily based expense plans and 450 independent RIA companies nationwide. We are steadfast in our dedication to the advisor-centered product and the belief that Individuals deserve access to objective steerage from a economical advisor. At LPL, independence usually means that advisors have the freedom they are entitled to to choose the business enterprise design, providers, and technology resources that permit them to run their best observe. And they have the liberty to take care of their consumer interactions, since they know their customers finest. Simply place, we take treatment of our advisors, so they can choose care of their consumers.
** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Impartial Broker-Vendor in the U.S (Centered on whole revenues, Fiscal Arranging journal 1996-2021) No. 1 supplier of 3rd-get together brokerage products and services to financial institutions and credit history unions (2020-2021 Kehrer Bielan Study & Consulting Yearly TPM Report) Fortune 500 as of June 2021
*Primarily based on prior company and represents belongings that would have been custodied at LPL Monetary, fairly than 3rd-celebration custodians. Noted belongings and client quantities have not been independently and completely verified by LPL Economical.
Securities and advisory solutions offered by LPL Money LLC, an SEC- registered broker-seller and investment decision advisor. Member FINRA/ SIPC
All over this interaction, the phrases “financial advisors” and “advisors” are utilized to refer to registered reps and/or investment decision advisor representatives affiliated with LPL Monetary LLC. We routinely disclose data that may perhaps be critical to shareholders in the “Investor Relations” or “Press Releases” segment of our web-site.
Gladstone Wealth Associates and LPL Money are separate entities.
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