CHARLOTTE, N.C., Jan. 13, 2022 (Globe NEWSWIRE) — LPL Money LLC nowadays declared that monetary advisor Hugh Lau, CIMA® has introduced a new impartial observe, Lau Financial Group, as a result of affiliation with LPL Strategic Wealth Expert services, which is developed to assist the special needs of breakaway advisors. Lau described to LPL that he serves close to $750 million in advisory, brokerage and retirement system assets.* He joins LPL from D.A. Davidson.
The Lau relatives has deep roots in their local community, with a wealthy record of entrepreneurship that dates back to the 1860s when H.P. Lau emigrated to The us and launched a grocery company in the coronary heart of Lincoln, Neb. For five generations, the family has held a presence in the local community, with Hugh Lau starting his financial expert services profession in 2000.
With support from Branch Operations Manager JoAnn Kreitman, LPL registered assistant, Lau’s objective is to provide clients with customized investment strategies created to support them increase and maintain extensive-expression prosperity. “Our practice was developed with the mission of aiding customers with creating multi-generational wealth for their small children and grandchildren,” Lau claimed. “We live by the motto, ‘Take care of the shopper and the relaxation will just take treatment of by itself.’ Almost everything we do is to help our consumers feel more protected, tranquil, self-confident and comfortable with their financial situation. We connect with them routinely, educate them and observe through.”
Online video: Fulfill the Lau Financial Team
Wanting for much more autonomy and alternatives, Lau and Kreitman resolved it was time to find a new independent partner—one that would supply them with integrated technological innovation, backed by scale, and that could support them provide purchasers with differentiated encounters. They said LPL stood out because of its Strategic Prosperity Products and services presenting. “We’re a smaller staff of two, so we wanted the added layer of assistance from LPL Strategic Prosperity Providers. This provides us really sturdy aid, but the freedom to establish the follow on our possess phrases,” Kreitman mentioned.
Committed support from LPL Strategic Prosperity Services
In addition to leveraging LPL’s built-in wealth management platform and refined resources desired to operate a flourishing exercise, the LPL Strategic Wealth Services design delivers ongoing, personalized aid for every day functions and prolonged-time period business enterprise management. Early in the journey, Strategic Wealth Providers bridges the changeover to independence by furnishing the team with committed aid and solutions to launch their apply, like actual estate establish out, model growth, technological innovation setup and HR aid. Once the transition is entire, the price shifts to the ongoing strategic, administrative, internet marketing and CFO help that makes it possible for advisors to continue to be centered on the enduring wants of their purchasers, lifestyle and evolution of their observe.
Outfitted with a turnkey design and a committed operational aid staff, Lau thinks LPL’s measurement and scale will enrich the team’s worth proposition and enable them catch the attention of new advisors and mature their client base. “We’re enthusiastic to be equipped to marketplace our new brand name and encourage ourselves within just the neighborhood,” Lau reported. “Thanks to LPL’s in depth infrastructure, I’m confident in our capacity to develop our firm and enable people – in Lincoln and outside of – work toward their economical objectives.”
Outside of perform, Lau and Kreitman are actively associated in their community. Lau volunteers for Lighthouse and different group jobs. He is also a previous board member of Tabitha Foundation and the Madonna Basis. Kreitman is earlier chair of the Stransky Live performance Collection and volunteers for the local community radio station KZUM, Lighthouse and the People’s Metropolis Mission.
Scott Posner, LPL executive vice president, Organization Enhancement, mentioned, “We’re thrilled to have Hugh and JoAnn be part of the LPL neighborhood and are encouraged by their enthusiasm and travel to establish multi-generational prosperity among family members. We are honored they recognized that we have the steadiness to serve as a prolonged-phrase companion to their agency and their shoppers. At LPL, we are deeply fully commited to our advisors’ results and will continue on to commit in capabilities made to assistance them thrive. We seem ahead to supporting the Lau Economical Team with a dedicated staff that makes it possible for them to concentration entirely on serving their customers. From preliminary start to ongoing functions, we’re energized to begin this journey and are optimistic for what the upcoming holds.”
More on Lau Monetary Team.
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LPL Monetary (Nasdaq: LPLA) was established on the basic principle that the firm need to perform for the advisor, and not the other way around. Currently, LPL is a chief** in the markets we provide, supporting far more than 19,000 financial advisors, 800 institution-primarily based expense packages and 450 unbiased RIA corporations nationwide. We are steadfast in our determination to the advisor-centered model and the perception that People ought to have obtain to personalised steerage from a economic advisor. At LPL, independence suggests that advisors have the flexibility they are entitled to to pick out the company model, solutions, and know-how methods that make it possible for them to run their fantastic apply. And they have the freedom to deal with their client interactions, since they know their clients finest. Merely put, we consider treatment of our advisors, so they can take care of their clientele.
* Value approximated centered on asset and holding particulars furnished to LPL from the year 2021
** Leading RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. 1 Impartial Broker-Supplier in the U.S (Based mostly on complete revenues, Money Scheduling magazine 1996-2021) No. 1 provider of 3rd-social gathering brokerage expert services to banks and credit rating unions (2020-2021 Kehrer Bielan Exploration & Consulting Once-a-year TPM Report) Fortune 500 Enterprise as of June 2021
Securities and advisory products and services supplied by way of LPL Economical LLC, an SEC-registered broker-dealer and expenditure advisor. Member FINRA/SIPC.
During this conversation, the terms “financial advisors” and “advisors” are employed to refer to registered representatives and/or investment advisor associates affiliated with LPL Economic LLC. We routinely disclose information that might be significant to shareholders in the “Investor Relations” or “Press Releases” section of our web site.
Lau Financial Team and LPL Economic are separate entities.
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