LPL Financial and Gladstone Wealth Partners Welcome Financial Advisor Scott Howell

Rhea-AI Summary

LPL Financial LLC (Nasdaq:LPLA) has welcomed financial advisor Scott E. Howell, CFP®, who has transitioned to LPL's broker-dealer and RIA platforms from HSBC, managing approximately $400 million in assets. Howell emphasizes the benefits of the independent model for delivering personalized financial advice. Based in Chester, N.J., he plans to open a partner office in Summit, N.J., while continuing to serve clients in New York City. The move is supported by Gladstone Wealth Partners, enhancing Howell's infrastructure and resources.

Positive

• Scott E. Howell joins LPL Financial, bringing $400 million in managed assets.
• Howell's transition to independence enhances his flexibility in advising clients.
• Partnership with Gladstone Wealth Partners provides additional support and infrastructure.

Negative

• None.

CHARLOTTE, N.C., Nov. 09, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisor Scott E. Howell CFP^® has joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms, aligned with Gladstone Wealth Partners, a large enterprise on LPL’s hybrid RIA platform. He reported having served approximately $400 million in advisory, brokerage and retirement plan assets*, and joins from HSBC.

For more than 24 years, Howell has helped high-net-worth families, executives and small businesses plan, grow and protect their financial lives by providing personalized advice tailored to each client’s needs. “It is the greatest reward to build long-term relationships and see clients’ goals come to fruition,” Howell said.

After spending his entire career in wirehouse and banking channels, Howell is excited to launch a new independent practice with the support of LPL and Gladstone. He is based in Gladstone’s Chester, N.J. headquarters, with plans to soon secure a new partner office in Summit, N.J. He’ll also continue to serve his clients in the New York City area.

“I’ve spent years researching and analyzing the advisory industry. I believe that the independent model is the best case scenario for my clients. It’s always been my end game,” Howell said. “LPL is a publicly traded Fortune 500 company that provides all of the tools and resources that I need to deliver for my clients and be the best advisor possible. LPL has the scale, products, technology, and compliance oversight that my clients require. It also allows me to fully utilize my CFP^® designation to uphold the fiduciary standard.”

Howell said Gladstone adds an additional layer of culture and infrastructure to help his practice thrive. “I really enjoy being back in the advisor culture. The move allows me to dedicate all of my time exclusively to my clients. I am more focused and streamlined than ever before, backed by great partners, research and resources,” he said.

Robert Hudson, founder and chairman of Gladstone Wealth Partners, stated, “We are proud to support Scott’s journey to independence through his affiliation with our Partnership model. The trend is building momentum as more advisors continue to move to independence, and we are here to provide personalized support every step of the way. We look forward to helping Scott increase value with clients and build an even more successful practice by providing him with comprehensive support, backed by the scale and resources of Gladstone and LPL.”

Scott Posner, LPL executive vice president, Business Development, stated, “We extend a warm welcome to Scott and congratulate Gladstone on its continued growth. The demand for our flexible business model continues to grow as advisors realize they have a choice in how they build their practices and serve their clients. We believe that advisors know their clients best, and they should be able to build a perfect practice that helps them deliver what their clients need and value. We strive to be a long-term partner to advisors, providing them with robust resources and innovative technology designed to help them grow and thrive. We look forward to supporting Scott and the Gladstone team for years to come.”

Advisors, find an LPL business development representative near you.

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 more than 19,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective 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.

** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S. (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 as of June 2021

*Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Reported assets and client numbers have not been independently and fully verified by LPL Financial.

Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/ SIPC

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 LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Gladstone Wealth Partners and LPL Financial are separate entities.

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Media Contact:
Lauren Hoyt-Williams
(980) 321-1232
Lauren.Hoyt-Williams@lpl.com

FAQ

What is the significance of Scott E. Howell joining LPL Financial?

Scott E. Howell's move to LPL Financial signifies a shift towards independence in financial advising, bringing with him $400 million in assets, which may enhance LPL's market position.

How will Scott Howell's affiliation with Gladstone Wealth Partners impact his practice?

Affiliation with Gladstone Wealth Partners will provide Scott Howell with additional resources and support, enabling him to offer better services to his clients.

What assets does Scott Howell manage at LPL Financial?

Scott Howell manages approximately $400 million in advisory, brokerage, and retirement plan assets after joining LPL Financial.

What are LPL Financial's recent developments?

LPL Financial's recent development includes Scott E. Howell's transition to its platforms, highlighting a trend of advisors moving towards independence.

What is LPL Financial's approach to financial advising?

LPL Financial emphasizes an advisor-centered model that supports independence, allowing advisors to choose how they run their practices and serve their clients.