LJPR is not one of those financial adviser firms that sits idly by and waits for things to turn its way. It goes out and gets what it wants. At least that is what it has done with hiring lately.
The Troy-based firm has hired six people over the last year, including five in the last 100 days. Those new hires include tax professionals, financial advisers, support staff, and marketing professionals. It now has a staff of 23 employees and a handful of interns. It’s also looking to hire a financial adviser or two.
"We are always looking for good people," says Leon LaBrecque, founder & chief strategist of
LJPR. "Always. We will warehouse a good person if we can find them."
The 26-year-old firm is centered around independent wealth management and is 100 percent employee owned. It specializes in individual retirement planning, investment management, executive financial counseling, nonprofit investment services, estate planning, and tax planning. The firm is currently managing $691 million in assets.
"A lot of the time when there is turmoil in the market some financial advisers stick their heads in the sand," LaBrecque says. "We look for opportunities."
Which would explain its most recent growth streak. LJPR's revenue is up 14 percent over the last year. It was also up 20 percent the year before that. This year it is shooting for a 15 percent gain.
"We have had record earnings seven years in a row," LaBrecque says.
Source: Leon LaBrecque, founder & chief strategist of LJPR
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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