LPL Welcomes Financial Advisors Larry Forlenza and Carl Hanks
LPL Financial announced that financial advisors Larry Forlenza and Carl Hanks have joined LPL's broker-dealer, RIA and custodial platforms from Raymond James Financial Services, bringing approximately $430 million in advisory, brokerage and retirement plan assets. Based in Morristown, N.J., they have reunited with Morristown Wealth Management team.
Forlenza, with nearly 30 years in financial services, specializes in retirement income planning, employer-sponsored retirement plans, and tax planning. Hanks, in the industry since 1991, focuses on serving corporate executives, business owners, and affluent families. Both advisors chose LPL after extensive due diligence, citing the firm's open-architecture digital platform and robust support system as key factors.
LPL Financial currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial ha annunciato che i consulenti finanziari Larry Forlenza e Carl Hanks si sono uniti alla piattaforma di broker-dealer, RIA e custodia di LPL, provenienti da Raymond James Financial Services, portando con sé circa $430 milioni in beni di advisory, brokerage e piani pensionistici. Con sede a Morristown, N.J., si sono riuniti al team di Morristown Wealth Management.
Forlenza, con quasi 30 anni di esperienza nei servizi finanziari, si specializza nella pianificazione del reddito pensionistico, nei piani pensionistici sponsorizzati dai datori di lavoro e nella pianificazione fiscale. Hanks, nel settore dal 1991, si concentra nel servire dirigenti aziendali, proprietari di imprese e famiglie facoltose. Entrambi i consulenti hanno scelto LPL dopo un'ampia due diligence, citando la piattaforma digitale a architettura aperta della società e il robusto sistema di supporto come fattori chiave.
LPL Financial attualmente supporta oltre 28.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, gestendo circa $1,8 trilioni in beni di brokerage e advisory per 6 milioni di americani.
LPL Financial anunció que los asesores financieros Larry Forlenza y Carl Hanks se han unido a la plataforma de broker-dealer, RIA y custodia de LPL, procedentes de Raymond James Financial Services, aportando aproximadamente $430 millones en activos de asesoría, corretaje y planes de jubilación. Con sede en Morristown, N.J., se han reunido con el equipo de Morristown Wealth Management.
Forlenza, con casi 30 años en servicios financieros, se especializa en planificación de ingresos para la jubilación, planes de jubilación patrocinados por empleadores y planificación fiscal. Hanks, en la industria desde 1991, se centra en servir a ejecutivos corporativos, propietarios de negocios y familias adineradas. Ambos asesores eligieron LPL tras una exhaustiva diligencia debida, citando la plataforma digital de arquitectura abierta de la firma y un robusto sistema de soporte como factores clave.
LPL Financial actualmente apoya a más de 28,000 asesores financieros y aproximadamente 1,200 instituciones financieras, gestionando alrededor de $1.8 billones en activos de corretaje y asesoría para 6 millones de estadounidenses.
LPL Financial는 재무 상담가 Larry Forlenza와 Carl Hanks가 Raymond James Financial Services에서 LPL의 브로커-딜러, RIA 및 수탁 플랫폼에 합류하여 약 $430백만의 자문, 중개 및 퇴직 계획 자산을 가져왔다고 발표했습니다. 뉴저지 모리스타운에 본사를 두고 있는 그들은 Morristown Wealth Management 팀과 재결합했습니다.
Forlenza는 30년 가까운 금융 서비스 경력을 가지고 있으며, 퇴직 소득 계획, 고용주 후원 퇴직 계획 및 세금 계획을 전문으로 합니다. Hanks는 1991년부터 업계에 종사하고 있으며, 기업 경영자, 사업주 및 부유한 가문을 대상으로 서비스를 제공하는 데 주력하고 있습니다. 두 상담가는 광범위한 실사를 거쳐 LPL을 선택했으며, 회사의 개방형 디지털 플랫폼과 견고한 지원 시스템을 주요 요인으로 언급했습니다.
LPL Financial은 현재 28,000명 이상의 재무 상담가와 약 1,200개 금융 기관을 지원하며, 600만 미국인을 위해 약 $1.8조의 중개 및 자문 자산을 관리하고 있습니다.
LPL Financial a annoncé que les conseillers financiers Larry Forlenza et Carl Hanks ont rejoint les plateformes de courtier, RIA et de conservation de LPL en provenance de Raymond James Financial Services, apportant environ $430 millions d'actifs conseillés, de courtage et de plans de retraite. Basés à Morristown, N.J., ils se sont réunis avec l'équipe de Morristown Wealth Management.
Forlenza, avec près de 30 ans dans les services financiers, se spécialise dans la planification des revenus de retraite, les plans de retraite parrainés par les employeurs et la planification fiscale. Hanks, dans l'industrie depuis 1991, se concentre sur le service des dirigeants d'entreprise, des propriétaires d'entreprises et des familles aisées. Les deux conseillers ont choisi LPL après une diligence raisonnable approfondie, citant la plateforme numérique à architecture ouverte de l'entreprise et son système de soutien robuste comme des facteurs clés.
LPL Financial soutient actuellement plus de 28 000 conseillers financiers et environ 1 200 institutions financières, gérant environ $1,8 trillion d'actifs de courtage et de conseil pour 6 millions d'Américains.
LPL Financial gab bekannt, dass die Finanzberater Larry Forlenza und Carl Hanks von Raymond James Financial Services zu LPLs Broker-Dealer-, RIA- und Verwahrungsplattformen gewechselt haben und dabei rund $430 Millionen an Beratungs-, Brokerage- und Altersvorsorgevermögen mitgebracht haben. Mit Sitz in Morristown, N.J., haben sie sich mit dem Team von Morristown Wealth Management wiedervereint.
Forlenza, der fast 30 Jahre in Finanzdienstleistungen tätig ist, hat sich auf die Planung von Altersruhegeldern, arbeitgeberfinanzierte Altersvorsorgepläne und Steuerplanung spezialisiert. Hanks, der seit 1991 in der Branche tätig ist, konzentriert sich darauf, Unternehmensleiter, Geschäftsinhaber und wohlhabende Familien zu betreuen. Beide Berater haben sich nach umfassender Due Diligence für LPL entschieden und führten die offene Architektur der digitalen Plattform des Unternehmens und das robuste Unterstützungssystem als entscheidende Faktoren an.
LPL Financial unterstützt derzeit über 28.000 Finanzberater und etwa 1.200 Finanzinstitutionen und verwaltet etwa $1,8 Billionen an Brokerage- und Beratungsvermögen für 6 Millionen Amerikaner.
- Addition of advisors managing $430 million in assets strengthens LPL's market position
- Expansion of advisor network contributes to LPL's growth strategy
- Current total assets under management of $1.8 trillion demonstrates significant market presence
- None.
Insights
The
The move from Raymond James continues a broader industry trend of advisor migration to larger platforms offering enhanced technology and support infrastructure. LPL's open-architecture platform and robust back-office capabilities were cited as key factors, highlighting the growing importance of technological infrastructure in advisor retention and recruitment.
While positive for LPL's growth strategy, this acquisition represents only about
This advisor transition aligns with broader wealth management industry trends where technology capabilities and platform flexibility are increasingly driving advisor decisions. The emphasis on LPL's digital platform and support systems in the advisors' decision-making process reflects the growing importance of fintech infrastructure in the wealth management space.
The timing is strategic, as the wealth management industry faces increasing pressure to digitize operations and enhance client service capabilities. The reunion of these advisors with their former colleagues at Morristown Wealth Management suggests a calculated move to build a stronger regional presence. Their combined expertise in retirement planning and corporate executive services positions them well in a market with high net worth density.
The transition of established advisors between major firms serves as a barometer for competitive dynamics in the wealth management industry, where advisor satisfaction with technology and support infrastructure can significantly impact firm selection and retention.
SAN DIEGO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Larry Forlenza, CRPC®, and Carl Hanks, CRPC®, have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately
Based in Morristown, N.J., Hanks and Forlenza have reunited with Morristown Wealth Management, which includes fellow advisors Don Giovanello and Gian Paolella, who joined LPL in October.
With nearly 30 years in financial services, Forlenza offers in-depth experiences to help families and professionals address each of their financial objectives. He takes a comprehensive approach to asset management and business planning, and as a Chartered Retirement Planning Counselor, Forlenza specializes in retirement income planning, employer-sponsored retirement plans, tax planning, retirement cash flow, estate planning and more. Forlenza is supported by his longtime practice manager Bonnie Bishof.
Hanks has been in the financial services industry since 1991 and has extensive experience working with corporate executives, successful business owners, individuals and affluent families using a disciplined comprehensive approach to their unique financial situations.
“We help clients define what is most important to them and then formulate the strategies that are suited for each individual need, from accumulating wealth or investing for income, solidifying a retirement plan or devising a distribution approach,” Hanks said.
Their decision to move to LPL came after an extensive due diligence process.
“We weighed our options and felt that LPL was the best place to evolve our business and enhance service experiences for our clients,” Forlenza said. “We are excited to have access to LPL’s open-architecture digital platform and a more robust support system to help us take care of our clients’ needs. LPL also provides the tools to grow our business and the back-office support to position us for a more successful future. We look forward to reconnecting with the Morristown team in this next endeavor.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Carl and Larry to the LPL community and look forward to supporting them as they continue to grow their business. We believe that advisors thrive when they have access to the right capabilities and support, and we’re confident they will be able to take advantage of our strategic resources and unprecedented flexibility to deliver the best possible outcomes for their clients.”
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 28,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Morristown Wealth Management and LPL are separate entities.
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.
*Value approximated based on asset and holding details provided to LPL from end of year, 2024.
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