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Gene Panasenko

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Gene Panasenko
Protect and Grow.
Conversations with Financial Consultant.
In the last several years, as we have seen some of the major financial conglomerates collapse, when Wall Street carries some negative connotation, investors’ attention turns to the companies who work primarily with Main Street, specifically those folks who create capital and own assets. A lot of these businessess would not strike you as super wealthy, yet it is the small businesses that proved to be the most resilient during the hard economic times.
LPL Financial came to the forefront relatively recently, in 2008-2009, when many financial giants like Lehman Brothers and Bear Stearns went belly up, and the companies like Merrill Lynch and Goldman Sachs went through some very turbulent times. LPL Financial, the largest independent broker dealer in the US, 5th based on the annual revenue in excess of 3.3 billion dollars and well over 12,000 Consultants managing over 260 billion dollars of clients’ assets, has been virtually immune to any of those problems .
One of the major differences setting LPL apart from the major wire houses lays in the fact that LPL Financial has no proprietary products. This eliminates any potential conflict of interest that has often been present in relationships between Financial Consultants and their investor clients.
To speak why LPL Financial has been doing so well, what areas to consider nowadays for possible investments and how the process works here in the US we sat down with one of the successful LPL Consultants Gene Panasenko.
FIRST CONVERSATION. How one becomes a Financial Consultant.
-Let me ask you, Gene. How can one get to sit down and speak with you? Say, I have $20,000 that I would like to invest, but you, probably, would not be interested in that amount. It’s not that I could offer you a couple of million dollars…
-Well, an average person is not always aware of how things work. A lot of people think that they need huge amounts of money to deal with a

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