LPL Adds $700M NY FA Duo to Employee Affiliation Model
LPL Financial LLC announced that John Duane and Gregory Giantsos have joined the firm’s employee affiliation model. LPL Private Wealth Management, to launch BrookBridge Private Wealth. The team has approximately $700 million in advisory, brokerage and retirement plan assets and joins from Bank of America Private Bank.
Long Island, NY-based BrookBridge Private Wealth offers high-end wealth management services, including investment management, financial planning and lending solutions. The firm’s clients include business owners, non-profit organizations and foundations, professionals and executives as well as legacy wealth.
Duane, client advisor, has been in the financial industry for 30 years, with 25 years exclusively in private banking. Giantsos, portfolio manager, joined the industry in 2012.
“When looking for a new wealth management firm, we wanted to make sure there was not only a deliverable investment platform that offers the solutions our clients are used to but also more opportunities for services that we couldn’t offer in the past,” said Giantsos. “With LPL, we can build BrookBridge the way we want, with the autonomy, support, resources and services we need.”
Launched in November 2023, LPL Private Wealth advisors reap the benefits of payouts, client ownership and business autonomy while gaining access to enhanced service and expanded capabilities. The model aims to serve high-net-worth clients with assets of at least $5 million.
In August, LPL announced that Alberto Francis also departed Bank of America Private Bank to join LPL Private Wealth to launch Houston-based Rockview Private Wealth with approximately $725 million in advisory, brokerage and retirement plan assets.
In May, the broker-dealer recruited two Merrill Lynch advisors who manage $705 million in advisory, brokerage, and retirement plan assets to its affiliation model.
