San Diego, CA (PRWEB) December 09, 2013
LPL Financial LLC, the nation’s largest independent broker-dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced the addition of NetVEST Financial LLC (“NetVEST”), an independent financial firm focused on multigenerational wealth and estate planning, to its broker-dealer and corporate RIA platforms.
Led by John Cartolano, an industry veteran with over 25 years of experience within the financial advisory space, NetVEST provides fee and commission-based services with a focus on retirees across the nation. The firm, which supported approximately $200 million in total client assets as of October 1, 2013, has particular experience in advising mass affluent and high net worth clients on establishing revocable and irrevocable trust structures that support their multigenerational wealth planning goals.
NetVEST utilizes a 360-degree approach to wealth planning -- which unites disciplined investment management, thorough tax planning, careful estate planning, and diligent cash-flow management. The firm also has a group of in-house professionals skilled in the following areas: investment management, retirement planning, trust design, estate planning strategies, as well as tax, insurance and education plans. Additionally, NetVEST created the “Trusts and Beyond,” coaching series, with seminars conducted four to six times a month, to educate retail investors about trust and estate planning management.
John Cartolano, President and CEO of NetVEST Financial LLC, said, “I am delighted to affiliate with LPL Financial, a firm that has supported me for many years in the past, and which I am privileged to partner with once more. Central to this decision is my recognition of LPL Financial’s commitment to everything that is truly crucial for our sustained success within the financial advisory industry: Support for independent and objective advice, with the advisor at the core of all client interactions, and an open architecture platform that is free of proprietary products. I am extremely pleased to bring my team back to LPL Financial, and grateful for the continued loyalty and commitment of our clients.”
Bill Morrissey, Executive Vice President of Business Development at LPL Financial, said, “We are delighted to welcome John Cartolano and his team of seasoned professionals back to LPL Financial. We believe this affiliation underscores our unique value proposition and leading service commitment to the advisors we support. We look forward to many years of helping John and his team continue to profitably grow their practice, and best support their clients.”
About NetVEST Financial LLC
NetVEST Financial LLC is an independent wealth and estate management firm that utilizes a unique blend of professionals to a client’s varied financial needs. NetVEST was built on the premise of a comprehensive, 360-degree approach to wealth planning—by uniting disciplined investment management, thorough tax planning, careful estate planning, and diligent cash-flow management. NetVEST has been providing investment advice in Arizona for 17 years, with the combined knowledge of their seasoned professionals totaling approximately 100 years of experience in the financial, legal, and tax industries. NetVEST is known for John Cartolano’s informative “Trusts and Beyond” seminar series, as well as their educational approach to wealth management and estate planning. For more information visit http://www.netvestfinancial.com and http://www.trustsandbeyond.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2013), an RIA custodian, and an independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,500 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports more than 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit lpl.com.
Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
Neither LPL Financial or NetVEST Financial provide specific individualized tax or legal advice.
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