Gateway Expands Private Wealth Division

Rhea-AI Summary

Gateway First Bank partners with LPL Financial to expand Gateway Private Wealth services, offering financial planning, investment management, and tax planning. Led by Managing Director Josh Randolph, the collaboration aims to provide personalized, concierge-level service to clients.

TULSA, Okla.--(BUSINESS WIRE)-- Gateway First Bank, one of the largest banking operations in Oklahoma, recently expanded Gateway Private Wealth services through a relationship with LPL Financial, a wealth management firm. Led by Managing Director Josh Randolph, services provided will include financial planning, estate, legacy, and philanthropic planning, investment management, and tax planning.

LPL Financial is an industry-leading firm that helps financial institutions build exceptional wealth management programs to better serve their communities—and help their clients thrive. LPL offers a wide range of investment products, premier platforms, and top-tier technology solutions to serve financial institutions of all sizes. The firm’s mission is to take care of its advisors so they can take care of their clients. LPL is committed to offering best-in-class support by continuing to evolve its products and innovative services so advisors can deliver more exceptional results for their clients.

Randolph is a 30-year veteran in the financial services industry in Oklahoma and surrounding states. He is a CERTIFIED FINANCIAL PLANNER™ professional and holds the Chartered Financial Consultant and Certified Trust and Fiduciary Advisor designations.

“We specialize in delivering personalized, concierge-level service,” said Randolph. “Our objective is to provide strategies tailored to the specific needs of our clients and to assist them in pursuing success and confidence regarding their financial futures.”

Randolph will be working closely with Charlie Crouse, Gateway’s Executive Vice President of Business Development and Acquisitions.

“We are excited that Josh has joined our growing team of financial professionals at Gateway. Private Wealth will complement our already robust commercial, retail banking, and mortgage banking businesses and help us continue to expand our footprint in the communities we serve,” said Crouse.

About Gateway First Bank

Gateway, headquartered in Jenks, Oklahoma, is a leading financial institution that provides banking and mortgage services to individuals and businesses. Gateway is one of the largest financial institutions in the state, with assets totaling over $2 billion. In addition to its 10 banking centers in Oklahoma, Gateway has a strong national mortgage presence, with over 100 mortgage locations and approximately 800 employees. www.gatewayfirst.com. © 2024 Gateway First Bank. Member FDIC. Equal Housing Lender. NMLS 7233.

About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 22,000 financial advisors, and approximately 800 institution-based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.*No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2023); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States. (35-LPL)

Securities and Advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial. We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.

Your Bank (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Gateway First Bank and Gateway Private Wealth are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Gateway Private Wealth, and may also be employees of Gateway First Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Gateway First Bank or Gateway Private Wealth. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency

Not Bank Guaranteed

Not Bank Deposits or Obligations

May Lose Value

This site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial U.S. registered representatives may only conduct business with residents of the states for which they are properly registered or licensed. Please note that not all of the investments and services mentioned are available in every state.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240409071557/en/

Melissa Bogle

918-291-4654

Melissa.Bogle@gatewayfirst.com

Source: Gateway First Bank

FAQ

What services are being expanded through the relationship between Gateway First Bank and LPL Financial?

Gateway Private Wealth services are being expanded, including financial planning, estate planning, investment management, and tax planning.

Who is leading the services provided through the partnership with LPL Financial?

Managing Director Josh Randolph is leading the services provided through the partnership with LPL Financial.

What industry is LPL Financial known for leading in?

LPL Financial is known for leading in the wealth management industry.

What designations does Josh Randolph hold in the financial services industry?

Josh Randolph holds the CERTIFIED FINANCIAL PLANNER™, Chartered Financial Consultant, and Certified Trust and Fiduciary Advisor designations.

Who will Randolph be working closely with at Gateway First Bank?

Randolph will be working closely with Charlie Crouse, Gateway’s Executive Vice President of Business Development and Acquisitions.