CHARLOTTE, N.C., Sept. 08, 2021 (Globe NEWSWIRE) — LPL Fiscal LLC (Nasdaq:LPLA) announced today that money advisor Francis Ciocari CFP® has joined LPL Financial’s broker-vendor, hybrid registered investment decision advisor (RIA) and custodial platforms. He is aligned with Gladstone Prosperity Associates, a significant enterprise on LPL’s hybrid RIA platform. Ciocari described obtaining served approximately $300 million in advisory, brokerage and retirement prepare assets*, and joins from Morgan Stanley.
Just after spending his whole occupation in a wirehouse natural environment, Ciocari will lover with existing LPL advisors to start a new Gladstone Prosperity Associates place of work in Blue Bell, Pa. He is joined by longtime assistant and shopper marriage supervisor Christine Buck Nolan. “I’m psyched to lover with other highly regarded advisors to provide elevated expert services to our consumers and expand our neighborhood presence,” said Ciocari, who mostly functions with corporate executives and affluent traders.
Ciocari firmly thinks in substantial-contact, targets-dependent prosperity administration, and commences just about every marriage with a money prepare. Although functioning remotely through the recent pandemic natural environment, he determined that the most effective way to serve his consumers was by owning his small business and firmly obtaining command in excess of his course of action. An entrepreneur at coronary heart, Ciocari turned to Gladstone and LPL to get started a new journey as an independent money advisor. “It’s refreshing to have entire autonomy in the way we establish the follow. As independent advisors, we can supply entire transparency and function in our clients’ most effective passions,” Ciocari said.
In deciding on a new lover, Ciocari stated, “LPL is a Fortune 500 corporation with a wonderful standing, fully commited to investing in ground breaking technology and assets. I desired my consumers to really feel relaxed realizing I was partnering with an marketplace leader and the most effective in the independent space. And on major of that, with Gladstone we have obtain to priceless assets, turnkey support and added assist with compliance, leaving me with more time to shell out supporting consumers and their investments. It is a acquire-acquire.”
Richard Frick, controlling lover and CEO at Gladstone Prosperity Associates, stated, “We are psyched for Fran to open up our new Companion place of work in Blue Bell, and we glimpse forward to developing this Philadelphia suburb market together. I have regarded Fran for many years and to be equipped to support him as he transitions to the independent channel is an awesome emotion. The momentum just carries on for Gladstone and the independent space, and we think this hybrid place of work natural environment will proceed to speed up it. We are fully commited to supporting our advisors just about every day with individualized expert services built to assist them do well.”
Scott Posner, LPL executive vice president, Business Enhancement, stated, “We warmly welcome Fran to the LPL neighborhood and congratulate Gladstone on its ongoing growth. At LPL, we supply a assortment of affiliation products so that advisors have selections in how they establish a fantastic follow that can make the most sense for them and their consumers. We are very pleased to do the job in partnership with Gladstone to provide scale and balance that empowers advisors to build differentiated ordeals and a flourishing follow. We glimpse forward to supporting Fran and the whole workforce at the new Gladstone Prosperity Associates place of work in Blue Bell for many years to arrive.”
Read about other corporations that not too long ago joined LPL in the LPL Fiscal Information and Media area of LPL.com.
Advisors, uncover an LPL small business improvement representative near you.
About LPL Fiscal
LPL Fiscal (Nasdaq: LPLA) was established on the basic principle that the business ought to do the job for the advisor, and not the other way all around. Today, LPL is a leader** in the marketplaces we serve, supporting more than 19,000 money advisors, 800 institution-dependent investment decision systems and 450 independent RIA corporations nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that People in america ought to have obtain to objective direction from a money advisor. At LPL, independence signifies that advisors have the freedom they ought to have to select the small business model, expert services, and technology assets that enable them to run their fantastic follow. And they have the freedom to control their shopper associations, mainly because they know their consumers most effective. Simply just put, we just take treatment of our advisors, so they can just take treatment of their consumers.
** Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. 1 Unbiased Broker-Seller in the U.S (Based on total revenues, Fiscal Organizing journal 1996-2021) No. 1 company of third-social gathering brokerage expert services to financial institutions and credit rating unions (2020-2021 Kehrer Bielan Investigation & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021
*Based on prior small business and signifies assets that would have been custodied at LPL Fiscal, instead than third-social gathering custodians. Claimed assets and shopper quantities have not been independently and thoroughly confirmed by LPL Fiscal.
Securities and advisory expert services made available via LPL Fiscal LLC, an SEC- registered broker-vendor and investment decision advisor. Member FINRA/ SIPC
All over this interaction, the conditions “financial advisors” and “advisors” are made use of to refer to registered associates and/or investment decision advisor associates affiliated with LPL Fiscal LLC. We routinely disclose data that might be important to shareholders in the “Investor Relations” or “Press Releases” area of our site.
Gladstone Prosperity Associates and LPL Fiscal are individual entities.
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