July 14, 2024


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LPL Financial, Gladstone Welcome Financial Advisor Douglas Chin

CHARLOTTE, N.C. , Oct. 11, 2021 (World NEWSWIRE) — LPL Economical LLC (Nasdaq: LPLA) announced these days that economical advisor Douglas Chin has joined LPL Financial’s broker-dealer, company registered expense advisor (RIA) and custodial platforms, aligned with Gladstone Prosperity Partners, a significant business on LPL’s hybrid RIA platform. He described owning served around $two hundred million in advisory, brokerage and retirement program belongings*, and joins from Morgan Stanley.

Based in Red Financial institution, N.J., Chin serves superior-net-worthy of family members and little companies in progressing toward their ever-modifying economical objectives. With thirty many years of encounter in the business, he provides each and every client with personalized support, taking a aim-oriented solution to expense administration. “I focus on extensive-time period scheduling to assist shoppers pursue their economical objectives, while setting up robust interactions with each and every and every just one of them in the system. I integrate the ‘mom rule’ in my company philosophy, dealing with shoppers with the similar respect I give my own mother,” Chin stated.

Chin is a retired Navy Captain, owning served above thirty many years on energetic responsibility and in reserves. He commanded 3 major units and worked in nationwide and regional staff members, analysis command and range boards. In addition, he was an energetic member on the Board of Administrators as Treasurer and Financial commitment Committee Chairman for Navy Provide Corps Foundation from 1995 to 2008. Committed to serving the better fantastic and connecting with like-minded individuals, he was also section of different professional and military corporations.

Soon after operating in the wirehouse capacity for most of his vocation, Chin determined to start an independent exercise in alignment with Gladstone Prosperity Partners. With the move, he is joined by Carolyn Anderson, registered administrative assistant. Chin stated, “Every company conclusion I make is in my clients’ ideal interests, and the independence I will get with LPL, coupled with the added assets from the partnership with Gladstone, is just what I need to have to further more act on that basic principle. I have the exceptional flexibility to take care of and progress my exercise, with no worries about owning to hit quotas.”

Chin appreciates the vary of expense choices and revolutionary know-how capabilities offered by LPL. He thinks that will assist differentiate his exercise in the market, as well as elevate his support choices to shoppers. “My shoppers will now delight in superior-quality support, personalized alternatives and guidance that is aim,” Chin stated.

Richard Frick, running lover and CEO at Gladstone Prosperity Partners, stated, “We are very pleased to lover with Doug in his journey to independence. We welcome him to the Red Financial institution place of work and seem ahead to assisting him raise his value with shoppers and build an even much more profitable exercise. The flight to quality is rising as much more advisors make the move to independence, and Gladstone is listed here to assist them with tailored alternatives and personal assist every step of the way.”

Scott Posner, LPL government vice president, Small business Enhancement, stated, “We warmly welcome Doug to the LPL community and congratulate him on his new independent exercise. At LPL, we believe that advisors know their company ideal, and we are fully commited to supplying them with the most revolutionary company alternatives and unwavering assist. We offer you the adaptability and scale that embolden advisors with the autonomy to operate their profitable tactics and exceed business benchmarks. We seem ahead to supporting Doug in his extensive-long lasting relationship with Gladstone Prosperity Partners.”

Study about other firms that not long ago joined LPL in the LPL Economical News and Media part of LPL.com.

Advisors, come across an LPL company advancement representative near you.

About LPL Economical
LPL Economical (Nasdaq: LPLA) was established on the basic principle that the agency should really get the job done for the advisor, and not the other way all around. Nowadays, LPL is a chief** in the marketplaces we serve, supporting much more than 19,000 economical advisors, 800 institution-primarily based expense courses and 450 independent RIA firms nationwide. We are steadfast in our motivation to the advisor-centered product and the perception that Us residents have earned obtain to aim steerage from a economical advisor. At LPL, independence usually means that advisors have the flexibility they have earned to choose the company product, providers, and know-how assets that allow for them to operate their ideal exercise. And they have the flexibility to take care of their client interactions, since they know their shoppers ideal. Simply put, we take care of our advisors, so they can take care of their shoppers.

** Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Vendor in the U.S. (Based on whole revenues, Economical Planning journal 1996-2021) No. 1 supplier of third-get together brokerage providers to financial institutions and credit unions (2020-2021 Kehrer Bielan Research & Consulting Yearly TPM Report) Fortune 500 as of June 2021

*Based on prior company and represents belongings that would have been custodied at LPL Economical, instead than third-get together custodians. Claimed belongings and client quantities have not been independently and absolutely confirmed by LPL Economical.

Securities and advisory providers supplied by means of LPL Economical LLC, an SEC- registered broker-dealer and expense advisor. Member FINRA/ SIPC

Through this conversation, the conditions “financial advisors” and “advisors” are used to refer to registered reps and/or expense advisor reps affiliated with LPL Economical LLC. We routinely disclose info that may perhaps be important to shareholders in the “Investor Relations” or “Press Releases” part of our site.

Gladstone Prosperity Partners and LPL Economical are separate entities.

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