LPL Financial Expands with Bruen Wealth Management Team

LPL Financial Expands with Bruen Wealth Management Team

Recently, LPL Financial LLC has welcomed a notable addition to its network of financial advisors, with the joining of William "Bill" Bruen, Jr., and his son, Andrew Bruen. This father-son duo has aligned themselves with LPL, moving from UBS and integrating their substantial expertise under their new firm, Bruen Wealth Management. Their impressive stewardship over approximately $1.3 billion in advisory, brokerage, and retirement plan assets is just the beginning of their journey with LPL.

A Legacy of Excellence

The Bruen family has been a prominent figure in the wealth management sector for over a century. It all began in 1922 when family patriarch James Bruen laid the foundation for a practice that would evolve through generations. His son, William Bruen, Sr., joined the firm in 1950 and continued to shape the family's legacy until his retirement in 2020, after 70 successful years. Today, Bill and Andrew carry forward this illustrious tradition, now serving clients who are often the descendants of long-time patrons.

Family Values in Financial Services

Bill Bruen reflects on the irreplaceable experience of working together as a family in this sector. Having served in the U.S. Navy, Bill considers his collaboration with both his father and son as one of life’s greatest privileges. Andrew, who was introduced to the business at an early age through internships during high school and college, expresses a similar sentiment. His formative years provided him with critical industry insights that fast-tracked his professional development.

Empowering Clients Through Personalized Management

At the heart of Bruen Wealth Management's philosophy is the belief in Tailored financial strategies that address immediate needs while planning for the future. Andrew stated, “For over a century, our practice has focused on creating a holistic approach to client wealth management. We strive to empower families by helping them develop enduring legacies through personalized financial guidance.”

The Move to Independence

In pursuit of greater freedom and personalized direction, the Bruens decided that it was time to transition their practice to an independent model under the auspices of LPL Financial. Their newly launched Bruen Wealth Management reflects not only their commitment to their legacy but also a contemporary approach to personal finance that respects the autonomy of client relationships.

A Vision for the Future

Going independent was a strategic decision for the Bruens. Bill noted, “Our vision for this firm resonates with the aspirations set forth by my father and grandfather. We are committed to ensuring our clients' interests flourish, free from the constraints of corporate limitations.” This autonomy positions them to uphold their family's legacy of client care for the next century.

Community Engagement and Leadership

The Bruens have actively contributed to their community, further enriching their relationship with clients. Bill serves on the board of the Foundation for Morristown Medical Center and is involved in various organizations that reflect his commitment to service. Meanwhile, Andrew remains dedicated to philanthropic endeavors, volunteering at the medical center and participating in the Brookfield Legacy Society Committee.

A Welcoming Environment

Andrew Koltunowicz, Managing Partner at Paradigm Partners, expressed excitement about the Bruens joining their network, acknowledging the duo’s extensive community involvement and dedication to personalized service. According to Koltunowicz, their remarkable experience in intergenerational wealth management sets them apart and aligns perfectly with Paradigm's mission.

Support for Growth

Scott Posner, the Executive Vice President of Business Development at LPL, also welcomed the Bruen family, emphasizing how their independence allows for tailored offerings suited specifically to clients' needs. This collaboration aims to enhance the Bruens' growth as they responsibly cultivate the legacy that has been established over decades.

Frequently Asked Questions

What is the significance of the Bruen family in wealth management?

The Bruen family has a longstanding legacy in wealth management that dates back over a century, emphasizing personalized service and client relationships.

What prompted the Bruens to join LPL Financial?

The Bruens sought greater independence and flexibility in managing their services, allowing them to prioritize client interests without corporate restrictions.

What type of services will Bruen Wealth Management offer?

Bruen Wealth Management is focused on providing tailored financial advice, wealth management solutions, and retirement planning for families.

How does LPL Financial support new firms like Bruen Wealth Management?

LPL Financial provides various resources, including practice management tools, technology support, and advisor affiliation models to support independent firms' growth.

What community activities are the Bruens involved in?

The Bruens are actively engaged in community service, with Bill serving on multiple boards and Andrew volunteering at local medical and cemetery associations.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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