Palace – latterly of Wells Fargo Advisors – has also joined LPL's broker-dealer platform for his commission-based business. He is going to open a new office in Red Bank, NJ, where he will add a second advisor, LPL said. 

Gladstone Wealth was founded by Richard Dragotta and is now a team of eight independent advisors and two support staff.

The group also has the referral resources of a private banker, three insurance specialists, a CPA and an estate planning attorney.