CHARLOTTE, N.C., April 21, 2021 (News) — LPL Financial LLC (Nasdaq:LPLA) today announced that financial advisor Evan Lereah has joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. He reported having served more than $400 million in advisory, brokerage and retirement plan assets*. Lereah joins LPL from Wells Fargo Advisors Financial Network.
Lereah is managing principal of Lereah Financial Group in Red Bank, N.J., which has supported multiple generations of clients since his father started the practice more than 40 years ago. Lereah took an early interest in the industry at a young age. “In seventh grade, I was in a stock market contest at school. During lunch every day, I would call my dad to check on the stock quotes. He knew I had a genuine interest in following in his footsteps,” Lereah said.
After gaining industry experience, Lereah eventually joined the practice and became the primary investment manager, fully taking over the business three years ago upon his father’s retirement. “My passion is to gauge the risk tolerance for a client and build a portfolio utilizing current investment themes and trends,” he said. “I often play a key role in my clients’ inner circle, often getting calls for consultation when big life decisions are being made.”
After an extensive search and due diligence process, he chose to move his business to LPL Financial. He stated, “I’m looking forward to all the great things that lie ahead with this new partnership with LPL. This is a place where I can see myself working for the rest of my career.”
Scott Posner, LPL executive vice president, Business Development, said, “We welcome Evan to LPL and look forward to a long-lasting partnership with Lereah Financial Group. We recognize that advisors are seeking greater efficiency and innovative resources to help differentiate their practices and build more value with their clients. We are focused entirely on our advisors’ needs, providing them with integrated capabilities and business solutions designed to make it easier for them to manage their businesses and stay focused on what they do best, which is helping their clients.”
Read about other firms that recently joined LPL in the LPL Financial News and Media section of LPL.com.
Advisors, find an LPL business development representative near you.
About LPL FinancialLPL Financial (https://www.lpl.com) is a leader in the retail financial advice market, the nation’s largest independent broker-dealer** and a leading custodian (or provider of custodial services) to RIAs. We serve independent financial advisors, professionals and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.
*Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Reported assets and client numbers have not been independently and fully verified by LPL Financial.
**Based on total revenues, Financial Planning magazine June 1996-2020.
Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Lereah Financial Group and LPL Financial are separate entities.
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Media Contact:Lauren Hoyt-Williams(980) 321-1232Lauren.Hoyt-Williams@lpl.com
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