LPL Financial has extended its high-net-worth employee advisor unit's reach in the Northeast as an advisor duo from Bank of America
The firm announced Tuesday that BrookBridge Private Wealth, led by advisor John Duane and portfolio manager Gregory Giantsos, has launched with LPL Private Wealth Management. The team based in Long Island, New York, previously served roughly $700 million in advisory, brokerage, and retirement plan assets at Bank of America Private Bank.
With over 30 years of financial industry experience, including stops at Citi, Wells Fargo, and JPMorgan, Duane has focused on private banking for the past 25 years. Giantsos, who began his career in 2012, attributes his success to a keen interest in market dynamics. The two have worked together since 2015, serving a clientele that includes business owners, non-profit organizations, professionals, and legacy wealth, with a particular focus on the Brooklyn area.
“Our goal is to help clients use their wealth to live the life they want to live,” Duane said in a statement. “Our clients run the spectrum, from business owners, to families, to organizations, to folks in the media industry.”
The move to LPL Private Wealth Management enables Duane and Giantsos to expand their service offerings. Giantsos emphasized that the transition would allow BrookBridge to maintain a high level of personalized service while gaining access to additional resources. “With LPL, we can build BrookBridge the way we want, with the autonomy, support, resources and services we need,” he said.
Launched in November last year, LPL Private Wealth offers an independent employee advisor affiliation model, which includes resources for estate planning, tax strategies, alternative investments, and other specialized services. According to Duane, the ability to access these additional offerings strengthens client relationships.
“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,” he said.
BrookBridge's launch represents the second Bank of America addition for LPL Private Wealth in as many months, following its recruitment of a tennis pro-turned-advisor who previously managed $725 million in Texas.
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