BrookBridge Private Wealth Joins LPL Private Wealth Management
LPL Financial (Nasdaq: LPLA) announced that John Duane and Gregory Giantsos have joined LPL Private Wealth Management to launch BrookBridge Private Wealth in Long Island, New York. The team, previously with Bank of America Private Bank, reported serving approximately $700 million in assets. Duane and Giantsos, with 30 and 12 years of industry experience respectively, offer high-end wealth management services to various client segments.
The move to LPL allows them to expand their services and gain more control over their practice. LPL Private Wealth Management provides a blend of independence and support, offering enhanced services, expanded capabilities, and access to an exclusive high-net-worth advisor community. This affiliation model features higher payouts, client ownership, and business autonomy while providing advanced resources for high-net-worth clients.
LPL Financial (Nasdaq: LPLA) ha annunciato che John Duane e Gregory Giantsos si sono uniti a LPL Private Wealth Management per lanciare BrookBridge Private Wealth a Long Island, New York. Il team, precedentemente attivo presso Bank of America Private Bank, ha dichiarato di gestire circa 700 milioni di dollari in attivi. Duane e Giantsos, con 30 e 12 anni di esperienza nel settore rispettivamente, offrono servizi di gestione patrimoniale di alto livello a vari segmenti di clientela.
Il passaggio a LPL consente loro di ampliare i propri servizi e ottenere un maggiore controllo sulla loro attività. LPL Private Wealth Management offre un mix di indipendenza e supporto, fornendo servizi migliorati, capacità ampliate e accesso a una comunità esclusiva di consulenti per clienti ad alto patrimonio. Questo modello di affiliazione presenta pagamenti più elevati, proprietà del cliente e autonomia aziendale, offrendo nel contempo risorse avanzate per clienti ad alto patrimonio.
LPL Financial (Nasdaq: LPLA) anunció que John Duane y Gregory Giantsos se han unido a LPL Private Wealth Management para lanzar BrookBridge Private Wealth en Long Island, Nueva York. El equipo, anteriormente con Bank of America Private Bank, reportó manejar aproximadamente 700 millones de dólares en activos. Duane y Giantsos, con 30 y 12 años de experiencia en la industria respectivamente, ofrecen servicios de gestión de patrimonio de alto nivel a varios segmentos de clientes.
El movimiento a LPL les permite expandir sus servicios y obtener más control sobre su práctica. LPL Private Wealth Management proporciona una combinación de independencia y apoyo, ofreciendo servicios mejorados, capacidades ampliadas y acceso a una comunidad exclusiva de asesores para clientes de alto patrimonio. Este modelo de afiliación presenta pagos más altos, propiedad del cliente y autonomía comercial, al tiempo que brinda recursos avanzados para clientes de alto patrimonio.
LPL Financial (Nasdaq: LPLA)은 John Duane과 Gregory Giantsos가 뉴욕 롱아일랜드에 BrookBridge Private Wealth를 출범시키기 위해 LPL Private Wealth Management에 합류했다고 발표했습니다. 이 팀은 이전에 Bank of America Private Bank에 소속되어 있었으며 약 7억 달러의 자산을 관리하고 있다고 보고했습니다. Duane과 Giantsos는 각각 30년과 12년의 업계 경험을 바탕으로 여러 고객 세그먼트에 고급 자산 관리 서비스를 제공합니다.
LPL로의 전환은 그들이 서비스를 확장하고 비즈니스에 대한 더 많은 통제를 얻을 수 있게 합니다. LPL Private Wealth Management는 독립성과 지원을 결합하여 개선된 서비스, 확장된 역량 및 고액 자산 고객을 위한 독점적인 고액 자산 고문의 커뮤니티에 대한 접근을 제공합니다. 이 제휴 모델은 더 높은 수익, 고객 소유권 및 비즈니스 자율성을 제공하며, 고액 자산 고객을 위한 고급 자원을 제공합니다.
LPL Financial (Nasdaq: LPLA) a annoncé que John Duane et Gregory Giantsos ont rejoint LPL Private Wealth Management pour lancer BrookBridge Private Wealth à Long Island, New York. L'équipe, précédemment chez Bank of America Private Bank, a signalé gérer environ 700 millions de dollars d'actifs. Duane et Giantsos, avec 30 et 12 ans d'expérience dans le secteur respectivement, offrent des services de gestion de patrimoine haut de gamme à divers segments de clients.
Le passage à LPL leur permet d'élargir leurs services et de gain plus de contrôle sur leur pratique. LPL Private Wealth Management offre un mélange d'indépendance et de soutien, fournissant des services améliorés, des capacités élargies et un accès à une communauté exclusive de conseillers pour clients fortunés. Ce modèle d'affiliation présente des paiements plus élevés, la propriété du client et l'autonomie commerciale tout en offrant des ressources avancées pour les clients fortunés.
LPL Financial (Nasdaq: LPLA) gab bekannt, dass John Duane und Gregory Giantsos zu LPL Private Wealth Management gestoßen sind, um BrookBridge Private Wealth in Long Island, New York, zu gründen. Das Team, das zuvor bei Bank of America Private Bank tätig war, gab an, circa 700 Millionen Dollar an Vermögenswerten zu verwalten. Duane und Giantsos verfügen jeweils über 30 und 12 Jahre Branchenerfahrung und bieten hochwertige Vermögensverwaltungsdienste für verschiedene Kundensegmente an.
Der Wechsel zu LPL ermöglicht es ihnen, ihre Dienstleistungen zu erweitern und mehr Kontrolle über ihre Praxis zu gewinnen. LPL Private Wealth Management bietet eine Mischung aus Unabhängigkeit und Unterstützung und ermöglicht verbesserten Service, erweiterte Fähigkeiten sowie Zugang zu einer exklusiven Gemeinschaft von Beratern für vermögende Kunden. Dieses Affilierungsmodell bietet höhere Auszahlungen, Kundenbesitz und unternehmerische Autonomie und stellt gleichzeitig fortschrittliche Ressourcen für vermögende Kunden bereit.
- Team managing $700 million in assets joins LPL Financial, potentially increasing LPL's assets under management
- LPL's Private Wealth Management model offers higher payouts and business autonomy, which could attract more high-net-worth-focused advisors
- Expansion of LPL's services in the high-net-worth market segment, potentially increasing revenue streams
- None.
SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately
A Brooklyn native and tenacious Yankee fan, Duane has been a part of the financial industry for 30 years, with 25 years exclusively in private banking. Giantsos, a Queens native, joined the industry in 2012 as a portfolio manager and credits his unending curiosity about markets for his success. Duane and Giantsos have been colleagues since 2015, offering a range of high-end wealth management services, including investment management, financial planning and custom lending solutions to their private wealth clientele. Their client base has traditionally included business owners, non-profit organizations and foundations, professionals and executives as well as legacy wealth, with a special affection for the Brooklyn market. The move to LPL allows Duane and Giantsos to offer expanded services to additional client segments.
“Our goal is to help clients use their wealth to live the life they want to live,” Duane said. “Our clients run the spectrum, from business owners, to families, to organizations, to folks in the media industry. We aim to help each client reach their unique goals, and we are honored to guide them on their journey.”
Why LPL Financial
Looking for the right blend of independence and support to build their brand while gaining more control to offer personalized, boutique services without compromise, Duane and Giantsos turned to LPL Private Wealth Management.
“When looking for a new wealth management firm, we wanted to make sure there was not only a deliverable investment platform that offers the solutions our clients are used to but also more opportunities for services that we couldn’t offer in the past,” said Giantsos. “With LPL, we can build BrookBridge the way we want, with the autonomy, support, resources and services we need.”
Tailored to the needs of high-net-worth-focused advisors, LPL Private Wealth is an independent employee advisor affiliation model featuring a comprehensive array of services and support to enhance client service delivery and business growth while upholding the tenets of independence. LPL Private Wealth advisors enjoy the benefits of higher payouts, client ownership and business autonomy while gaining access to enhanced service, expanded capabilities and an exclusive high-net-worth advisor community. To support this distinct demographic, LPL has developed focused resources including advanced estate and philanthropic planning, income tax strategy, trustee services, alternative investments platform, banking and lending solutions, and complex life insurance planning, as well as a curated network of third-party specialists.
“If you strip away everything but the core of what we do, it’s about building and strengthening client relationships,” Duane said. “Every client is unique, and the journey to us is different for each — as is, in many instances, the road forward. Through LPL, our team at BrookBridge Private Wealth has the ability to onboard and serve relationships in a variety of ways. While core asset management will always be the most important element of what we do, we can now serve clients across a new spectrum, including but not limited to alternative investments, concentrated stock positions or even traditional brokerage.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome John and Greg to the LPL community and congratulate them on the launch of BrookBridge Private Wealth. At LPL, we recognize the unique needs of high-net-worth-focused advisors, including advanced tools, sophisticated services and centralized support while also valuing independence and the freedom to build their perfect practice. We are committed to continued investment in our innovative platform and solutions that help high-net-worth practices like BrookBridge enhance their offerings to the benefit of their clients and client relationships.”
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
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*Value approximated based on asset and holding details provided to LPL from end of year, 2023.
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