CHARLOTTE, N.C., Jan. 05, 2022 (Globe NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA) announced nowadays that Elite Economical Community has joined LPL Financial’s broker-supplier, company registered financial investment advisor (RIA) and custodial platforms. The significant business claimed to LPL that it served close to $one billion in advisory, brokerage and retirement approach belongings,* and joins LPL from Securities The us, portion of the Advisor Group network of broker-sellers.
Since 1992, Elite Economical Community has served customers in all aspects of their money lives. Established by President and CEO Dan Cairo, the Huntington Seashore, Calif. staff is comprised of thirty unbiased money advisors who consider a holistic tactic to providing personalized solutions and proactive wealth administration. “Our aim is to guideline customers by means of the many money milestones in their lives, from conserving for a child’s faculty tuition to creating wealth to living in retirement,” stated Cairo, who serves as both equally money advisor and business chief. The firm’s management staff also contains Craig Wong, taking care of partner, and Dan’s spouse, Cindy Cairo, co-proprietor and CFO.
As Elite Economical Community proceeds to evolve, the staff chose LPL for the subsequent chapter of their business. “LPL is a strategic partner to aid us reinvent ourselves,” Cairo stated. “We respect the advisor-centric culture underneath the management of Dan Arnold, and it is very clear to us that LPL deeply cares about its advisors’ achievements. LPL supplies us with access to a extensive array of revolutionary capabilities, business solutions and study to aid us present customers with differentiated experiences as we provide the most current market place updates, collaborative advice and financial investment options.”
Cairo additional, “We have our eyes set on substantial development and growth more than the subsequent handful of yrs, and we are self-assured that this new partnership will give us a aggressive gain to aid entice like-minded advisors. LPL’s network is expansive and its transition procedures are so productive for advisors who might be intrigued in joining our staff. We anticipate fantastic issues forward!”
Ken Hullings, LPL senior vice president, Company Progress, stated, “We warmly welcome Dan and the total Elite staff to the LPL local community. We are delighted to be their partner of alternative as they carry on to evolve their exercise and provide a lot more price to customers. Our mission and sole purpose is to consider treatment of our advisors so they can consider treatment of their customers. As a chief in the unbiased house, LPL is dedicated to providing advisors with a sturdy electronic platform together with large-good quality, revolutionary business solutions designed to aid advisors differentiate their exercise and thrive. We search forward to a lengthy-lasting and successful marriage with Elite Economical Community.”
Prospective Advisors, obtain an LPL business growth representative near you.
About LPL Economical
LPL Economical (Nasdaq: LPLA) was launched on the principle that the organization should function for the advisor, and not the other way all-around. Currently, LPL is a chief** in the marketplaces we serve, supporting a lot more than 19,000 money advisors, 800 institution-primarily based financial investment courses and 450 unbiased RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered model and the belief that People are worthy of access to personalized guidance from a money advisor. At LPL, independence means that advisors have the flexibility they are worthy of to pick out the business model, solutions, and technologies assets that permit them to run their best exercise. And they have the flexibility to control their shopper interactions, since they know their customers greatest. Simply place, we consider treatment of our advisors, so they can consider treatment of their customers.
** Prime RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. one Impartial Broker-Dealer in the U.S (Based on complete revenues, Economical Organizing journal 1996-2021) No. one company of third-celebration brokerage solutions to financial institutions and credit unions (2020-2021 Kehrer Bielan Analysis & Consulting Yearly TPM Report) Fortune five hundred as of June 2021
* Benefit approximated primarily based on asset and keeping information offered to LPL from the 12 months 2021
Securities and advisory solutions supplied by means of LPL Economical LLC, an SEC-registered broker-supplier and financial investment advisor. Member FINRA/ SIPC
Throughout this conversation, the conditions “financial advisors” and “advisors” are utilised to refer to registered reps and/or financial investment advisor reps affiliated with LPL Economical LLC. We routinely disclose info that may perhaps be crucial to shareholders in the “Investor Relations” or “Press Releases” segment of our website.
Elite Economical Community and LPL Economical are independent entities.
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