Business
The Francis Group at LPL Launches in California by Joining LPL Strategic Wealth Services
CHARLOTTE, N.C., Sept. 18, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Burke Francis and Christopher Francis, who have more than 80 years
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"CHARLOTTE, N.C., Sept. 18, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Burke Francis and Christopher Francis, who have more than 80 years of combined experience, have joined LPL Financial to launch an exclusive family-focused office and independent practice, The Francis Group at LPL. They chose to affiliate with LPL’s supported independence model, LPL Strategic Wealth Services. The Francis Group reported having served approximately $1.2 billion in advisory, brokerage and retirement plan assets*. They join from Morgan Stanley. Since 1966, Burke Francis steadily built the Los Angeles area practice from the ground up by specializing in asset management for high-net-worth individuals. His son, Chris, joined the business in 1998, after working in real estate development and numerous venture backed companies. Burke and Chris are now both Managing Partners of The Francis Group, where they work on behalf of affluent families, corporate executives, businesses and private investors throughout the U.S. who require comprehensive and sophisticated investment advice. Their passion and desire is to provide a personal service to clients, investing in long-term relationships, streamlining a lean production, removing friction and optimizing everyone’s time. After years building their careers and business within the community, feedback from clients inspired them to make a change to offer more white-glove, family-focused office service experiences. Their due diligence led them to LPL Strategic Wealth Services. Moving to LPL Strategic Wealth Services The team appreciates LPL’s exclusive resources in the high-net-worth space, including the HNW Services team, The Private Trust Company, specialized product capabilities and more. They also sought more freedom to build a culture that aligned with their values and mission, free from sales goals and corporate agendas. “Now we can grow and build the firm as we’d like, with the expanded resources and experience from the LPL Strategic Wealth Services team,” Chris Francis said. “With this dedicated support, along with LPL’s innovative digital capabilities and robust business solutions, we’ll have the tools and resources at our disposal to deliver enhanced services and experiences for each client.” Advisors who use Strategic Wealth have access to LPL’s integrated wealth management platform, ...