Lau Financial Group Launches With Support of LPL Strategic Wealth Services

CHARLOTTE, N.C., Jan. thirteen, 2022 (World NEWSWIRE) — LPL Fiscal LLC these days announced that fiscal advisor Hugh Lau, CIMA^® has introduced a new unbiased apply, Lau Fiscal Team, via affiliation with LPL Strategic Wealth Expert services, which is made to guidance the distinctive demands of breakaway advisors. Lau described to LPL that he serves roughly $750 million in advisory, brokerage and retirement prepare belongings.* He joins LPL from D.A. Davidson.

The Lau family has deep roots in their neighborhood, with a abundant history of entrepreneurship that dates back again to the 1860s when H.P. Lau emigrated to America and started a grocery enterprise in the coronary heart of Lincoln, Neb. For 5 generations, the family has held a existence in the neighborhood, with Hugh Lau commencing his fiscal services occupation in 2000.

With guidance from Branch Functions Manager JoAnn Kreitman, LPL registered assistant, Lau’s aim is to provide customers with personalized expense methods made to assist them improve and protect prolonged-term prosperity. “Our apply was made with the mission of helping customers with constructing multi-generational prosperity for their small children and grandchildren,” Lau mentioned. “We are living by the motto, ‘Take treatment of the consumer and the rest will just take treatment of alone.’ Anything we do is to assist our customers really feel extra safe, serene, assured and at ease with their fiscal situation. We talk with them regularly, educate them and abide by via.”

Movie: Meet the Lau Fiscal Team

Hunting for extra autonomy and options, Lau and Kreitman made the decision it was time to find a new unbiased partner—one that would provide them with built-in technological know-how, backed by scale, and that could assist them provide customers with differentiated encounters. They mentioned LPL stood out due to the fact of its Strategic Wealth Expert services providing. “We’re a compact workforce of two, so we needed the additional layer of guidance from LPL Strategic Wealth Expert services. This gives us incredibly strong guidance, but the liberty to make the apply on our have terms,” Kreitman mentioned.

Dedicated guidance from LPL Strategic Wealth Expert services
In addition to leveraging LPL’s built-in prosperity management system and advanced methods needed to run a flourishing apply, the LPL Strategic Wealth Expert services product provides ongoing, personalised guidance for every day functions and prolonged-term enterprise management. Early in the journey, Strategic Wealth Expert services bridges the changeover to independence by giving the workforce with committed guidance and services to start their apply, like real estate make out, brand growth, technological know-how set up and HR guidance. After the changeover is entire, the worth shifts to the ongoing strategic, administrative, marketing and CFO guidance that will allow advisors to continue to be centered on the enduring demands of their customers, culture and evolution of their apply.

Geared up with a turnkey product and a committed operational guidance workforce, Lau thinks LPL’s dimensions and scale will greatly enhance the team’s worth proposition and assist them appeal to new advisors and improve their consumer foundation. “We’re energized to be in a position to current market our new brand and market ourselves within just the neighborhood,” Lau mentioned. “Thanks to LPL’s comprehensive infrastructure, I’m assured in our skill to improve our company and assist households – in Lincoln and beyond – perform towards their fiscal plans.”

Exterior of perform, Lau and Kreitman are actively involved in their neighborhood. Lau volunteers for Lighthouse and numerous neighborhood projects. He is also a earlier board member of Tabitha Basis and the Madonna Basis. Kreitman is earlier chair of the Stransky Concert Series and volunteers for the neighborhood radio station KZUM, Lighthouse and the People’s Metropolis Mission.

Scott Posner, LPL executive vice president, Enterprise Progress, mentioned, “We’re thrilled to have Hugh and JoAnn sign up for the LPL neighborhood and are motivated by their passion and generate to make multi-generational prosperity among households. We are honored they identified that we have the stability to provide as a prolonged-term partner to their company and their customers. At LPL, we are deeply committed to our advisors’ achievement and will continue on to invest in abilities made to assist them prosper. We search forward to supporting the Lau Fiscal Team with a committed workforce that will allow them to concentration fully on serving their customers. From preliminary start to ongoing functions, we’re energized to start off this journey and are optimistic for what the long term holds.”

Much more on Lau Fiscal Team.

Advisors, find an LPL enterprise growth representative near you.

About LPL Fiscal:
LPL Fiscal (Nasdaq: LPLA) was started on the basic principle that the company should perform for the advisor, and not the other way about. These days, LPL is a leader** in the marketplaces we provide, supporting extra than 19,000 fiscal advisors, 800 institution-based mostly expense packages and 450 unbiased RIA companies nationwide. We are steadfast in our commitment to the advisor-centered product and the perception that People in america are entitled to accessibility to personalised steerage from a fiscal advisor. At LPL, independence means that advisors have the liberty they are entitled to to decide on the enterprise product, services, and technological know-how methods that enable them to run their excellent apply. And they have the liberty to take care of their consumer relationships, due to the fact they know their customers ideal. Simply just place, we just take treatment of our advisors, so they can just take treatment of their customers.

* Worth approximated based mostly on asset and holding details supplied to LPL from the year 2021

** Top rated RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. 1 Impartial Broker-Supplier in the U.S (Centered on whole revenues, Fiscal Organizing magazine 1996-2021) No. 1 supplier of third-party brokerage services to banking institutions and credit history unions (2020-2021 Kehrer Bielan Study & Consulting Yearly TPM Report) Fortune five hundred Firm as of June 2021

Securities and advisory services supplied via LPL Fiscal LLC, an SEC-registered broker-dealer and expense advisor. Member FINRA/SIPC. 

All over this interaction, the terms “financial advisors” and “advisors” are utilised to refer to registered associates and/or expense advisor associates affiliated with LPL Fiscal LLC. We routinely disclose info that might be essential to shareholders in the “Investor Relations” or “Press Releases” part of our internet site.

Lau Fiscal Team and LPL Fiscal are independent entities.

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