CHARLOTTE, N.C., Jan. 13, 2022 (Globe NEWSWIRE) — LPL Money LLC right now announced that fiscal advisor Hugh Lau, CIMA® has launched a new independent observe, Lau Money Group, by means of affiliation with LPL Strategic Prosperity Services, which is created to assistance the unique desires of breakaway advisors. Lau documented to LPL that he serves roughly $750 million in advisory, brokerage and retirement program belongings.* He joins LPL from D.A. Davidson.
The Lau spouse and children has deep roots in their group, with a rich historical past of entrepreneurship that dates back to the 1860s when H.P. Lau emigrated to The usa and established a grocery organization in the coronary heart of Lincoln, Neb. For 5 generations, the household has held a existence in the neighborhood, with Hugh Lau commencing his economical services occupation in 2000.
With aid from Department Operations Manager JoAnn Kreitman, LPL registered assistant, Lau’s goal is to supply shoppers with tailor-made expenditure tactics designed to aid them mature and preserve long-term prosperity. “Our practice was developed with the mission of aiding consumers with creating multi-generational prosperity for their youngsters and grandchildren,” Lau explained. “We reside by the motto, ‘Take treatment of the customer and the rest will take treatment of by itself.’ Anything we do is to assistance our shoppers really feel a lot more safe, relaxed, assured and comfy with their monetary scenario. We talk with them routinely, educate them and abide by via.”
Movie: Meet up with the Lau Fiscal Team
On the lookout for a lot more autonomy and selections, Lau and Kreitman determined it was time to come across a new independent partner—one that would supply them with integrated know-how, backed by scale, and that could help them present customers with differentiated encounters. They mentioned LPL stood out simply because of its Strategic Wealth Services featuring. “We’re a little staff of two, so we desired the additional layer of aid from LPL Strategic Wealth Companies. This provides us really robust assistance, but the liberty to construct the observe on our own terms,” Kreitman claimed.
Committed assist from LPL Strategic Prosperity Providers
In addition to leveraging LPL’s built-in wealth administration system and subtle sources needed to run a thriving apply, the LPL Strategic Prosperity Solutions design delivers ongoing, personalized support for day-to-day operations and prolonged-phrase company administration. Early in the journey, Strategic Prosperity Expert services bridges the changeover to independence by giving the staff with devoted assistance and expert services to launch their apply, including serious estate create out, brand name improvement, technological know-how set up and HR help. Once the transition is finish, the value shifts to the ongoing strategic, administrative, promoting and CFO guidance that makes it possible for advisors to remain targeted on the enduring demands of their consumers, society and evolution of their follow.
Outfitted with a turnkey product and a focused operational guidance crew, Lau believes LPL’s dimensions and scale will enhance the team’s worth proposition and support them bring in new advisors and develop their consumer foundation. “We’re excited to be capable to market our new model and boost ourselves in just the group,” Lau explained. “Thanks to LPL’s substantial infrastructure, I’m self-assured in our skill to mature our organization and support households – in Lincoln and further than – work toward their economical targets.”
Outside of do the job, Lau and Kreitman are actively included in their community. Lau volunteers for Lighthouse and many group assignments. He is also a earlier board member of Tabitha Basis and the Madonna Foundation. Kreitman is past chair of the Stransky Live performance Sequence and volunteers for the group radio station KZUM, Lighthouse and the People’s Metropolis Mission.
Scott Posner, LPL govt vice president, Business enterprise Growth, said, “We’re thrilled to have Hugh and JoAnn be part of the LPL group and are inspired by their passion and push to construct multi-generational prosperity among households. We are honored they recognized that we have the balance to provide as a very long-expression partner to their agency and their clientele. At LPL, we are deeply fully commited to our advisors’ results and will go on to devote in capabilities designed to assist them prosper. We search forward to supporting the Lau Economical Group with a focused staff that permits them to target solely on serving their purchasers. From preliminary start to ongoing operations, we’re energized to start this journey and are optimistic for what the upcoming retains.”
A lot more on Lau Fiscal Group.
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About LPL Financial:
LPL Financial (Nasdaq: LPLA) was founded on the principle that the agency should really perform for the advisor, and not the other way around. Right now, LPL is a chief** in the markets we serve, supporting a lot more than 19,000 money advisors, 800 establishment-primarily based financial commitment courses and 450 impartial RIA firms nationwide. We are steadfast in our dedication to the advisor-centered product and the belief that Us residents are entitled to access to individualized steering from a fiscal advisor. At LPL, independence signifies that advisors have the freedom they ought to have to choose the business enterprise product, companies, and technological innovation means that let them to operate their excellent follow. And they have the liberty to take care of their customer interactions, mainly because they know their customers finest. Just put, we acquire care of our advisors, so they can take treatment of their customers.
* Worth approximated based mostly on asset and holding details offered to LPL from the 12 months 2021
** Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Market Report) No. 1 Impartial Broker-Supplier in the U.S (Based on total revenues, Money Arranging magazine 1996-2021) No. 1 company of 3rd-social gathering brokerage solutions to financial institutions and credit score unions (2020-2021 Kehrer Bielan Research & Consulting Once-a-year TPM Report) Fortune 500 Corporation as of June 2021
Securities and advisory solutions supplied by means of LPL Money LLC, an SEC-registered broker-dealer and financial investment advisor. Member FINRA/SIPC.
Throughout this conversation, the phrases “financial advisors” and “advisors” are employed to refer to registered reps and/or expenditure advisor representatives affiliated with LPL Economic LLC. We routinely disclose details that may be significant to shareholders in the “Investor Relations” or “Press Releases” area of our web site.
Lau Financial Group and LPL Money are separate entities.
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