LAWRENCE J. STACK, CLU, CHFC, CFP®, MSFS
Lawrence J. Stack
Vice President-Financial Planning
Phone: (248) 792-8642
Fax: (248) 642-7965
Larry is accepting new clients.
Call or email today to set up a complimentary consultation!
Lawrence J. Stack began his career with Prudential as an agent in 1982 and was promoted to Sales Manager in 1986. In 1992, he left his management position to start a Financial Planning practice. Since then, he has become a “Life and Qualifying” member of the industry’s prestigious Million Dollar Roundtable every year since 1993 and qualifying for “Court of the Table” eight times. Over the years he has received numerous “Associate of the Year” and “President’s Council” awards.
In 2000, Larry affiliated with Michigan Financial Companies, where he served as Vice President of Financial Planning. In 2011, he affiliated with B&C Financial Services, LLC he serves as Director of Wealth Management.
In 2003, Larry was awarded the “E.H. Meyers” award by the Detroit Chapter of NAIFA for “Outstanding Service to the Life Insurance Industry” and in 2005, the “M.E. Muilenberg” award by NAIFA-Michigan for “Dedicated Leadership and Service” in the Financial Services Industry.”*
In 2008, Larry was awarded the “Donald Schneider Humanitarian Award” by John Hancock Financial Services.
From 2010-2017, he has annually received the “5-Star Wealth Advisor” award from Hour Detroit Magazine.**
In 2016, he earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) certification.
Additionally in 2010, Larry earned a Masters Degree in the Science of Financial Services through the prestigious American College.
Education & Professional Qualifications
- Certified Financial Planner in 2016.
- Masters Degree- Science of Financial Services (MSFS) in 2010.
- Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) in 1989.
- Life Underwriter Training Council Fellow (LUTCF).
- Securities licenses include FINRA Series 7, 6, 63, 65 and 22.
Memberships & Affiliations
- National Association of Insurance and Financial Advisors (NAIFA):
- National Congressional Council 2016
- President MI 2003 & 2004.
- Legislative Chairperson 1995-2001.
- Regional Vice President MI 2000-2001.
- Secretary Treasurer MI 2001-2002.
- Officer-Greater Detroit 1993-2000.
- President - Greater Detroit 1998-1999.
- Government Relations Chair- Greater Detroit 2004-Present
- The Financial and Estate Planning Council of Detroit
- The Financial Planning Association
- The Society of Financial Services Professional
- 25 Year Life & Qualifying Member - Million Dollar Round Table (MDRT)***
A father of five, Larry’s community involvement included having served as a Scout Leader from 1993 through 2004.
*Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.
**The FIVE STAR Wealth Manager list is created by Crescendo Business Services LLC (dba Five Star Professional). 1,836 Detroit area wealth managers were considered for the award; 356 (19 percent of candidates) were named 2017 Five Star Wealth Managers. 2016: 1,961 considered, 630 winners; 2015: 2,238 considered, 627 winners; 2014: 3,448 considered, 658 winners; 2013: 2,762 considered, 749 winners; 2012: 2,658 considered, 745 winners.
Award candidates are identified by one of three sources; firm nomination, peer nomination or prequalification. Wealth managers were evaluated across ten criteria: (a) Credentialed as an investment advisory representative or a registered investment advisor; (b) Actively employed as a credential professional in the financial services industry for a minimum of five years; (c) Favorable regulatory and complaint history review; (d) Fulfilled their firm review based on internal firm standards; (e) Accepting new clients; (f) One-year client retention rate; (g) Five-year client retention rate; (h) Non-institutional discretionary and/or non-discretionary client assets administered; (i) Number of client households served; (j) Educational and professional designations. Favorable and unfavorable evaluations are included in the score.
The Five Star award is not indicative of the wealth managers’ future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. Working with a FIVE STAR Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. The inclusion of the wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or the magazine. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers, however, award winners may purchase additional profile ad space or promotional products. Five Star Professional is not an advisory firm.
***Qualifying membership in the MDRT is based on minimum commission and gross business generated within a year. Each MDRT status designation is granted for one year only until lifetime membership is achieved after 10 years; otherwise, all members must apply every year to continue their affiliation with the Million Dollar Round Table.