CHARLOTTE, NC, July 28, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) announced today that financial advisor Eddie Chan has joined LPL Financial’s brokerage, RIA and custody platforms, joining Perennial financial services, an existing company that supports LPL Affiliate Advisors. Chan reported serving approximately $110 million in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise Financial.
Chan first showed an affinity for finance when he experienced Black Monday in October 1987. Motivated to help clients improve their financial education and manage their complete financial picture, Chan launched his career 30 years. He believes in a holistic, process-based approach to financial planning and investing, and has established a comprehensive understanding of his clients’ finances and relies on his standardized processes to help them.
Chan will be based in Los Angeles, California, serving a diverse mix of clients from young professionals to retirees. She values maintaining close relationships with her clients to fully understand their unique financial needs and goals. Whether his clients are looking to achieve financial stability, build wealth or build a legacy, Chan outlines and executes his personalized financial roadmaps.
Why Chan chose LPL Financial
“When I chose a firm to join, I was essentially looking for true independence—the ability to create the practice and client experience I envision. With its versatile investment tools and innovative open architecture technology, LPL stood out as the best choice. LPL’s tailored services and Perennial’s in-house support will allow me to run my business efficiently while transforming the customer experience,” said Chan, highlighting his intention to leverage the LPL’s wide range of solutions. “With this move, I look forward to creating added value for my clients and partnering with Perennial’s network of like-minded advisors to expand my business, something I was unable to do until I joined LPL.”
John Petrick, Senior Managing Director of Perennial Financial Services, stated, “It is an honor and a privilege to welcome Eddie to our expanding family of advisors here at Perennial. Eddie brings over 30 years of services experience financials, as well as an entrepreneurial and independent spirit that aligns perfectly with our core principles and ideals. We look forward to working with Eddie and helping him continue to grow his practice while providing a high level of service that his customers deserve and expect”.
Scott Posner, Executive Vice President of Business Development at LPL, stated, “We welcome Eddie to the LPL community and congratulate him on this new chapter in his career. Everything we do at LPL revolves around our advisors and their success—we’re here to help them expand and grow With LPL, finance professionals are equipped with dedicated support teams and an integrated technology stack that enables them to run a high-performing practice, maintain the ‘operational efficiency and focus on their customers. We look forward to a long-lasting partnership with the entire team at Perennial Financial Services.’
Related
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About LPL Financial
LPL Financial (Nasdaq: LPLA ) was founded on the principle that the company should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve**, supporting more than 20,000 financial advisors and approximately 1,000 institutional-based investment programs and approximately 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centric model and belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that enable them to run their perfect practice. And they have the freedom to manage their relationships with customers, because they know them best. Simply put, we take care of our advisors so they can take care of their clients.
*Approximate value based on asset and shareholding details provided to LPL as of 2021.
** Leading RIA Custodian (Cerulli Associates, 2020 US RIA Market Report); #1 Independent Broker-Dealer in the US (Based on Total Revenue, Financial Planning Magazine 1996-2021); #1 Provider of Third-Party Intermediation Services for Banks and Credit Unions (Kehrer Bielan Research & Consulting TPM Annual Report 2020-2021); Fortune 500 company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.
Securities and advisory services offered through LPL Financial LLC, an SEC-registered broker-dealer and investment adviser. Member FINRA/ SIPC.
Perennial Financial Services Advisors provides investment advice through Perennial Investment Advisors, a registered investment advisor.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or representatives of investment advisors affiliated with LPL Financial LLC. We routinely disclose information that may be important to stockholders in the “Investor Relations” or “Press Releases” section of our website.
Perennial Financial Services, Perennial Investment Advisors and LPL Financial are separate entities.
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