Lawrence Sprung

Personal Finance, Retirement, Investing
“As the founder and President of Mitlin Financial, Inc, Lawrence D. Sprung's goal is to assist clients in becoming and remaining financially independent.”

Mitlin Financial Inc.

Job Title:



As Mitlin Financial’s president and lead wealth manager, Larry Sprung drives planning and asset management services, as well as business development, for the firm.

Larry entered the financial industry in 1996, and continues to be inspired and energized by the challenge of helping his clients achieve and even surpass their financial goals.

Larry earned a Bachelor’s Degree in Mathematics from Binghamton University. He holds the Certified Financial Planner™ designation, reflecting expertise across a broad range of planning topics.

He started his career at a small boutique, and later served as a Financial Consultant at Salomon Smith Barney and a Vice President at Bank of America Investments. He founded Mitlin Financial in 2004, incorporating in the business the best features and practices from his previous firms.

Today, Larry is proud to be serving the second and third generations of his clients. He has seen first-hand how strong financial habits, instilled in parents, children and grandchildren, can impact a family’s wealth and wealth stewardship for generations.

Larry is known as a devoted educator. His efforts include not just regular client meetings but also workshops on diverse financial topics. He is also a frequent speaker at industry conferences.

An active volunteer, Larry serves on the National Board of the American Foundation for Suicide Prevention, and sits on its Financial and Investment committees. With his wife, Denise, he has raised more than $700,000 for the organization through the Keith Milano Memorial Fund. The fund was created at AFSP in memory of Larry and Denise’s brother-in-law and brother, respectively.

Larry has been recognized as one of Long Island Business News' "40 Under 40*," and was subsequently chosen, in 2009, as Valedictorian of the "40 Under 40*" Class of 2006. His commentary is regularly featured in publications such as Long Island Business News, U.S. News & World Reports, Newsday and RT Digital Magazine, serving the author community.

A Smithtown resident, Larry is an avid New York Rangers fan, and gets on the ice himself whenever he can. He and Denise travel frequently to watch their two sons play hockey in traveling leagues.


BS, Mathematics, Binghamton University

Assets Under Management:

$46 million

Fee Structure:


CRD Number:


Insurance License:



Mitlin Financial, Inc. ("Mitlin Financial”) is an investment advisor located in New York. Mitlin Financial and its representatives are in compliance with the current registration requirements of those states in which Mitlin Financial maintains clients. Mitlin Financial may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Mitlin Financial's website is limited to the dissemination of general information pertaining to its investment advisory services. Accordingly, the publication of the Mitlin Financial website on the internet should not be construed by any consumer and/or prospective client as Mitlin Financial's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the internet. Any subsequent, direct communication by Mitlin Financial with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of Mitlin Financial's current written disclosure statement discussing Mitlin Financial's business operations, services, and fees is available from Mitlin Financial upon request. Mitlin Financial does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Mitlin Financial's website or incorporated herein, and takes no responsibility thereof. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by Mitlin Financial) or product made reference to directly or indirectly by Mitlin Financial in its website, or indirectly via a link to an unaffiliated third party website, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client's investment portfolio. Historical performance results for investment indices and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.

Certain portions of Mitlin Financial's website (i.e., newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Mitlin Financial's (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendations(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Mitlin Financial, or from any other investment professional. Mitlin Financial is neither an attorney nor accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice. Correspondingly, each client and prospective client agrees, as a condition precedent to his/her/its access to Mitlin Financial's website, to release and hold harmless Mitlin Financial, its officers, directors, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Mitlin Financial.

To the extent that any client or prospective client utilizes any economic calculator or similar device contained within or linked to Mitlin Financial' website, the client and/or prospective client is advised that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Mitlin Financial, or from any other investment professional. Clients utilizing this website for the purpose of accessing documents posted to a web portal do so with the understanding that accessing such information through the portal should be done only through secure channels and on non-public machines. Mitlin Financial cannot be responsible for criminal activities of others, specifically those that may access client information through the use of a client’s password or other credentials.

Clients are strongly encouraged to compare the information found through the portal with any information received directly from their account custodian. Registration as an Investment Advisor does not imply any certain level of skill or training.

  • Lawrence Sprung, CFP® profiled on Advisor Insights via Investopedia
  • Mitlin Minute: Get Your Financial House In Order
  • Fiduciary Rule
  • Mitlin Minute: Beneficiary Designation Review
All Articles
Sort By:
Most Helpful
July 2017
    Taxes, Personal Finance
last month
    Income Tax, Tax Deductions / Credits, Taxes
September 2017
    Asset Allocation, Investing
June 2017
    Small Business, Exit Strategy
August 2017
    Life Insurance

All Answers
Sort By:
Most Helpful
    Personal Finance
How are realized profits different from unrealized or so-called "paper" profits?
100% of people found this answer helpful

This is a great question and one we receive quite often from our clients when they start working with us when looking at thier perfromance reports.  In the report, we will always show realized and unrealized or "paper" profits.  Ultimately clients want to know what the difference is and we will typically explain it in this way.

Realized Profits, or gains, are what you keep after the sale of a security.  the key here is that you have sold, locked in the profit and realized it for yourself.  Essentially, if you purchased a security at $50 per share and subsequently sold it at $100 per share you would then have a realized profit of $50.

Conversely, unrealized gains ("paper" profits) are gains that you have on "paper" (that show on your statement).  These gains are there now, but could go away if the security declines or go higher if the value of the security increases.  Essentially in this example, if you purchased a security at $50 per share and still currently own it and it is valued at $100 per share then you would have an unrealized gain or "paper" profit of $50 per share.  This unrealized gain would become realized once you pull the trigger and sell the security, otherwise it is at the mercy of the markets until you do.

I hope this clarifies your question and makes things easier for you to differentiate going forward.

September 2017
    Investing, IRAs, Starting Out
Should I save with my company and start a 401(k) or open a Roth IRA?
100% of people found this answer helpful
September 2017
    Retirement, 401(k)
Can I roll over funds from a 401(k) to a 529 plan?
100% of people found this answer helpful
September 2017
    Career / Compensation, Retirement Savings
Should I close my smaller retirement account completely or pull funds from my larger National Football League account?
100% of people found this answer helpful
October 2017
    Career / Compensation, 401(k)
Should I sign up for my new employer's 401(k) or save my money for other things?
100% of people found this answer helpful
September 2017