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.

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    401(k), IRAs, Starting Out
Should I contribute to a Roth IRA and a 401(k) simultaneously?
75% of people found this answer helpful

This an excellent question and one that cannot be answered simply on the information provided here.  In order to determine if this would make sense for you I would suggest you make an appointment with a fiduciary advisor to discuss the pro's and con's of this strategy for you.

Some general items you should be aware of that may help you with the decision:

1) Contributions to your 401(k) will provide you with a tax deduction in the year you make the contribution.  These assets will grow tax deferred until such time you will be required to start withdrawing funds and then they will be taxable at that time.  The idea here is that you obtain the deduction when you are in a higher tax bracket and then pay taxes in the future when your bracket is lower.  This may or may not be the case when all is said and done.

2) Contributions to a Roth IRA will not provide you with any tax deduction at the time of deposit.  The assets will grow tax deferred and as long as you satisfy the requirements you will be able to withdraw the assets tax free in retirement.  This would be ideal if you feel you will be in a similiar or higher tax bracket in retirement (when you withdraw the funds) than where you are now.  Contributions to a Roth IRA may be phased out or you may not be able to make them at all if and when you reach a certain level of income.  This can be found here:

3) You can contribute to both a 401(k) and a Roth IRA at the same time.  The 401(k) maximum contribution for 2017 is $18,000 if you are under 50 and $24,000 if you are over the age of 50.  Roth IRA contributions are subject to a maximum of $5500 if you are under the age of 50 and $6500 if you are over the age of 50.

4) The only penalties would be if you did not follow the rules and contributed too much or a situation where you did not fulfill the requirements in order to make a contribution.

5) These are great vehiicles, 401(k) and Roth IRA, in order to build significant wealth for the long term.  You will also want liquid assets for emergeny's and future purchases and goals.

Depending on where you are today and where you think you will be in the future this may be a great strategy.  I would suggest you review this for your own personal facts and circumstances to see if it is right for you.  Good luck in making your decision!

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What does it mean when you move your investments to cash?
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How much is too much for a robo-advisor?
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Can I open another 529 plan for my son in case the State limits contributions?
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Are there better options for my teenage daughter to save other than a CD or savings bond?
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