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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
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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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