LPL Financial, the nation’s largest independent broker-dealer, announced that financial advisor Frank Cangelosi has joined the firm’s broker-dealer, RIA and custodial platforms, aligned with Gladstone Wealth Partners.
Cangelosi reported having served approximately $165 million in advisory, brokerage and retirement plan assets and joins LPL from Cetera Financial Specialists.
Based in Hawthorne, New Jersey, Cangelosi is a seasoned advisor who has more than three decades of wealth management experience.
Cangelosi has held many executive positions over the years and has helped train hundreds wealth planners in developing broad-based financial strategies to help meet their clients’ financial needs. He is joined at Cangelosi Wealth Management by an office manager and two staff members currently working on their FINRA Series 7 licenses.
“I’ve been with the same firm my entire career, but after a thorough due diligence process, it became clear that my clients would be better served with more localized resources provided by Gladstone, backed by the support of LPL’s industry-leading technology and business solutions,” Cangelosi said. “I have about 1,400 client accounts and want to make sure they are taken care of for generations to come.”
LPL supports approximately 22,000 financial advisers, 1,100 institution-based investment programs and 560 independent registered investment advisor firms nationwide.