LPL Financial announced that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately $700 million in advisory, brokerage, and retirement plan assets and joining LPL from Bank of America Private Bank.
A Brooklyn native (and Yankee fan), Duane was a part of the financial industry for 30 years, with 25 years exclusively in private banking. And Giantsos, a Queens native, joined the industry in 2012 as a portfolio manager and credits his unending curiosity about markets for his success. Duane and Giantsos have been colleagues since 2015, providing high-end wealth management services, including investment management, financial planning and custom lending solutions to their private wealth clientele.
The client base has traditionally included business owners, non-profit organizations and foundations, professionals and executives, and legacy wealth, with a special affection for the Brooklyn market. The move to LPL allows Duane and Giantsos to offer expanded services to additional client segments.
LPL Private Wealth is an independent employee advisor affiliation model featuring a comprehensive array of services and support to enhance client service delivery and business growth while upholding the tenets of independence. And LPL Private Wealth advisors have the benefits of higher payouts, client ownership and business autonomy while gaining access to enhanced service, expanded capabilities and an exclusive high-net-worth advisor community.
KEY QUOTES:
“Our goal is to help clients use their wealth to live the life they want to live. Our clients run the spectrum, from business owners, to families, to organizations, to folks in the media industry. We aim to help each client reach their unique goals, and we are honored to guide them on their journey.”
“If you strip away everything but the core of what we do, it’s about building and strengthening client relationships. Every client is unique, and the journey to us is different for each — as is, in many instances, the road forward. Through LPL, our team at BrookBridge Private Wealth has the ability to onboard and serve relationships in a variety of ways. While core asset management will always be the most important element of what we do, we can now serve clients across a new spectrum, including but not limited to alternative investments, concentrated stock positions or even traditional brokerage.”
-John Duane
“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. With LPL, we can build BrookBridge the way we want, with the autonomy, support, resources and services we need.”
-Gregory Giantsos
“We welcome John and Greg to the LPL community and congratulate them on the launch of BrookBridge Private Wealth. At LPL, we recognize the unique needs of high-net-worth-focused advisors, including advanced tools, sophisticated services and centralized support while also valuing independence and the freedom to build their perfect practice. We are committed to continued investment in our innovative platform and solutions that help high-net-worth practices like BrookBridge enhance their offerings to the benefit of their clients and client relationships.”
-Scott Posner, LPL Executive Vice President, Business Development
