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Financial Advisory  + Broker/Dealers  + RIAs & Financial Advisors  |  December 16, 2024
Former JP Morgan Chase Advisor with $200M Book Bolts to LPL
Joe Palmisano
By: Joe Palmisano

Former JP Morgan Chase Advisor with $200M Book Bolts to LPL

LPL Financial, LLC announced that financial advisor Francisco J. Blanco has joined their broker-dealer, RIA and custodial platforms, bringing approximately $200 million in assets from JP Morgan Chase. Blanco has merged with Stonebrook Wealth Management, founded by former JP Morgan veteran Joe Mazzucco in 2019, to form Stonebrook Wealth Partners in Fort Lauderdale, FL.

The merger follows Blanco’s decision to become independent after 12 years in financial services. Stonebrook Wealth Partners offers financial guidance, fiduciary investment management, and retirement planning services without sales goals or proprietary products. The firm also provides business support services to other financial advisors.

“I became an independent financial advisor to remove the glass ceiling,” said Blanco. “I believe the best way to offer financial guidance is to be free of corporate mandates, sales quotas and limitations.”

LPL Financial currently supports more than 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets.

Pictured: Francisco Blanco

Read More News Stories About: LPL Financial
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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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