Financial Advisor Chris Albright Joins LPL Financial, Forms Partnership to Strengthen Practice | New

CHARLOTTE, NC, Oct. 18, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC today announced that Financial Advisor Chris Albright of Astra Wealth Advisors has joined LPL Financial’s brokerage, RIA and custodial platforms. He said he has served approximately $192 million in advisory, brokerage and pension assets*, and joins LPL from Wells Fargo Financial Advisors Network.

With the move, Albright will partner with current LPL Affiliate Advisor Kimberly Santarsiero in an effort to strengthen her practice and expand client services. Santarsiero will now operate under the Astra brand.

“Astra Wealth Advisors is making a well thought out and deliberate business decision for our clients and our business to continue to serve clients in the best and most efficient way possible,” said Albright. “With additional advisor support, an enhanced trading platform, streamlined technology and additional operational support, we are confident that our transition and acquisition will certainly enhance our clients’ experience with Astra Wealth Advisors.”

Based in Clarks Green, Pennsylvania, Albright has nearly 30 years of experience providing comprehensive investment planning and wealth management for high net worth families, businesses and institutions. “Our goal as financial professionals is to help clients plan for their financial security. Whether their goals are to build wealth through investing, fund a child’s college education, plan for a comfortable retirement, or protect their estate, we’re here to build a roadmap to help clients achieve their goals. and make wise financial decisions,” Albright said. .

One of the drivers of Albright’s decision to move to LPL Financial was the company’s continued investments in technology. “LPL’s technology spend is a real differentiator,” Albright said. “It is clear that LPL is a financial technology company that supports its advisors with personalized and innovative solutions that allow us to provide quality services to our clients. As market squeeze continues in the industry, partnering with the company with the best technology is crucial. This gives us a competitive advantage. »

Albright also values ​​the company’s commitment to the high net worth space with LPL Private Client, a team of partners who understand the sophisticated and unique needs of high net worth clients and work closely with advisors to provide strategies and a personalized and multi-faceted support.

Additionally, Albright said he believes the move to LPL will improve his value proposition and make it easier to recruit other advisors to join his growing business.

Scott Posner, LPL Executive Vice President, Business Development, added, “We welcome Chris to the LPL community and congratulate him on the new partnership with Kim. It’s an honor to recognize the value we deliver to advisors for every dollar we spend on technology. We believe that LPL’s integrated technology can be a game-changer, and we will continue to provide all of our advisors with innovative capabilities and differentiated service experiences so they can run efficient, productive, and customer-centric businesses. We look forward to supporting Astra Wealth Advisors for years to come.

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About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the business should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve,** supporting nearly 21,000 financial advisors, and approximately 1,100 institutional investment programs and 500 independent RIA firms nationwide. We are unwavering in our commitment to the advisor-centric model and the belief that Americans deserve access to personalized advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that allow them to run their practice perfectly. And they have the freedom to manage their relationships with their customers because they know their customers best. Simply put, we take care of our advisors, so they can take care of their clients.

*Approximate value based on details of assets and holdings provided to LPL from year-end 2021.

** Best RIA Custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent brokerage in the United States (based on total revenue, Financial Planning magazine 1996-2022); among third-party providers of brokerage services to banks and credit unions, #1 in growth of financial institutions’ assets under management; No. 1 in financial institution AUM market share; #1 in financial institution revenue market share; #1 in Financial Institutions Market Share; No. 1 on the share of advisors. (Kehrer Bielan Research & Consulting TPM 2021-2022 Annual Report). Fortune 500 in June 2021.

LPL and its affiliates provide financial services only from the United States.

Securities and advisory services provided by LPL Financial, a registered investment adviser. FINRA/SIPC member. Astra Wealth Advisors and LPL Financial are separate entities.

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