Napa Valley Team LPL Financial

LPL Financial Welcomes Napa Valley Wealth Management To Its Broker-Dealer And Hybrid RIA Platforms

December 12, 2016

LPL Financial

LPL Financial today announced that Napa Valley Wealth Management has joined LPL’s broker/dealer and hybrid registered investment advisory (RIA) platforms.

Industry Veteran Kelly Crane and Team Join LPL for Its Technology Innovations and Hybrid Business Model

CHARLOTTE, N.C. – Dec. 12, 2016 – Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that Napa Valley Wealth Management has joined LPL’s broker/dealer and hybrid registered investment advisory (RIA) platforms. Napa Valley Wealth Management reported that, based on prior business*, its advisors served approximately $213 million of client brokerage and advisory assets, as of Oct. 17, 2016.

Napa Valley president and chief investment officer Kelly Crane credited LPL’s hybrid RIA platform, technology capabilities and Research resources as significant factors in his decision to join LPL. “I was looking for a firm that had the stability to be a long-term partner and that could also provide the best growth opportunity for us despite the changes underway. I knew I wanted to leverage the hybrid platform, and we believe LPL does that best. Not only do they have a fully integrated platform, but they also have the technology capabilities to go with it. And it’s easy to recognize they are committed to continuously improving upon the model that is already working for advisors.”

Steve Pirigyi, LPL executive vice president of Business Development, said, “With regulatory changes impacting advisors, investors and the way they do business, one of the most common conversations we have with advisors is around the support and resources LPL has to help them. For Kelly, who is committed to independent advice and his firm’s continued growth, the hybrid model provides a scalable solution to be able to provide quality service to his clients and help him reach his goals. We are proud to be able to support him and share in his commitment to providing independent financial advice.”

Based in St. Helena, Calif., with an additional office in Walnut Creek, Calif., Napa Valley was founded in 1992 by Crane, who has over 32 years of experience in financial planning. The firm, which includes advisors Crane, Earl Kneckt and Bob Lance and three professional support staff, serves a variety of clients including business owners, retirees and individuals going through life transitions such as divorces. With over 240 clients, the firm prides itself on the ability to give personalized service with institution-level investment guidance.

*Asset numbers were reported by Napa Valley Wealth Management based on prior business and have not been independently and fully verified by LPL Financial.

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and provided services to approximately $495 billion in brokerage and advisory assets as of October 31, 2016. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2016). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 financial institutions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also serviced an estimated 45,000 retirement plans with an estimated $129 billion in retirement plan assets, as of September 30, 2016. LPL also supports approximately 4,200 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have more than 3,200 employees with primary offices in Boston, Charlotte, and San Diego. 

Securities and advisory services offered through LPL Financial. A registered investment advisor, member FINRA/SIPC.

Investment Advice also offered through Napa Valley Wealth Management, a registered investment advisor and separate entity from LPL Financial.


Media Contact:

Lauren Hoyt-Williams