LPL Financial Welcomes Bruen Wealth Management

Core Insights - LPL Financial LLC has welcomed financial advisors William "Bill" Bruen, Jr., and Andrew Bruen, who bring approximately $1.3 billion in advisory, brokerage, and retirement plan assets to the firm from UBS [1][2] Group 1: Company Overview - LPL Financial is among the fastest-growing wealth management firms in the U.S., supporting over 28,000 financial advisors and approximately 1,200 financial institutions, with around$1.8 trillion in brokerage and advisory assets [8] Group 2: Family Legacy - The Bruen family has a rich history in investment advice and wealth management, dating back to 1922, with the establishment of James Bruen's practice [2] - Bill Bruen, Sr. served in the family business for 70 years before retiring in 2020, and now Bill and Andrew continue this legacy [2] Group 3: Business Transition - The Bruens chose to move their firm to LPL Financial to gain freedom and flexibility in evolving their family business, launching Bruen Wealth Management [4][5] - The transition allows them to operate independently while maintaining a commitment to client interests, free from corporate directives [5] Group 4: Community Engagement - Bill Bruen is actively involved in the community, serving on various boards, including the Foundation for Morristown Medical Center, while Andrew also participates in community service [5] Group 5: Partnership and Support - Andrew Koltunowicz from Paradigm Partners expressed enthusiasm for the Bruens joining, highlighting their commitment to clients and multigenerational wealth management expertise [6] - Scott Posner from LPL emphasized the importance of advisor autonomy in shaping client relationships and the firm's support for the Bruens' growth [6]