A former Morgan Stanley mother-son team has aligned with Gladstone Wealth Partners to join LPL Financial’s broker-dealer, corporate registered investment advisor and custodial platforms in Glendale, Ariz., LPL has announced.
Paulette Treguboff and Beaux Treguboff, who operate as Homestead Wealth Management, managed $150 million in advisory and brokerage assets. They work mostly with blue collar investors, helping them monitor life’s changes and build cohesive financial plans for retirement.
Paulette Treguboff, who had been with Morgan Stanley since 2002, began her career at Salomon Smith Barney in 1996 where she spent three years before joining UBS in 1999. Beaux, a former dairy farmer, joined his mother in 2008.
The Treguboffs said they chose to partner with LPL Financial and Gladstone Wealth Partners because they wanted more independence. “We want to own our business and have the autonomy to do what’s right for our clients. By joining LPL and Gladstone, we can provide comprehensive financial planning services to any client we want to serve, not just those with large accounts,” Beaux Treguboff said in a statement.
Added Paulette Treguboff: "LPL and Gladstone support our choices and do not interfere with how we can most effectively serve our clients and run our business. We also know that LPL is heavily invested in providing advisors with modern capabilities. We love the simplified paperwork process that allows us to handle more things digitally.”
Richard Frick, managing partner and CEO at Gladstone Wealth Partners, said Gladstone is excited to work alongside LPL to help Homestead Wealth Management secure their independence. “This new partnership with Paulette and Beaux continues to expand Gladstone’s national presence with our first stand-alone office in the Phoenix market,” he said.