Gerber Kawasaki Wealth & Investment Management has brought approximately US$175 million of client assets to LPL Financial.
Gerber Kawasaki focuses on wealth management for established families and individuals, as well as, wealth building for a younger generation of investors.
The firm, which includes 19 affiliated financial advisors, also seeks to establish a new model to understand the methods in which, investment firms conduct business.
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Ross Gerber, President and CEO at Gerber Kawasaki Wealth & Investment Management, said, "Gerber Kawasaki focuses on both the needs of the baby boomers planning for retirement as well as on generations X and Y still learning to build wealth. It is our vision to create not just a wealth management firm, but a revolutionary technology platform for clients to communicate, learn, and engage with their investment advisors. From our office in Santa Monica, we serve a national clientele with highly mobile financial advisors. We conduct a constant dialogue with our 4,000 Facebook and 1,500 Twitter followers, and meet often with our national clients via Skype. In short, we are constantly pushing the envelope in how we can deliver service to our clients and believe we are cultivating a new generation of financial advisors."
"We are excited about our transition to LPL Financial’s broker-dealer and RIA platforms, which represent a very progressive model for the industry. We thoroughly reviewed the leading broker-dealers and custodians in the country, and LPL Financial was the ideal choice. We believe the many tools and resources they offer, together with the integration of their broker-dealer, custodial and clearing capabilities will enable us to provide our clients with an efficient and cost-effective service," he added.
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