LPL Adds $430M FA Duo from Ray Jay 

LPL Financial LLC has added a pair of former Raymond James Financial Services advisors who manage $430 million in advisory, brokerage and retirement plan assets. 

Based in Morristown, N.J., Larry Forlenza and Carl Hanks have reunited with Morristown Wealth Management, which includes fellow advisors Don Giovanello and Gian Paolella, who joined LPL in October. The firm offers financial planning, asset management and portfolio construction for individuals, families and business owners. 

“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.” 

Last October, San Diego-based LPL announced the addition of  Sugar Land, TX-based The Noble Group, a $2.1 billion wealth management firm formerly with Raymond James.  

LPL supports more than 28,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of six million Americans.