LPL Financial Welcomes Investment Advisors Financial Group
LPL Financial (Nasdaq: LPLA) has announced that Investment Advisors Financial Group, previously with Osaic, has joined LPL's broker-dealer, RIA, and custodial platforms. The team, founded in 1979 by Thomas E. Musumeci, reported serving approximately $1 billion in advisory, brokerage, and retirement plan assets. Based in Eatontown, N.J., the group consists of 22 advisors and eight support staff, led by Musumeci, James Flannery, and Annie Silvestro.
The move to LPL was driven by the team's desire for greater autonomy and enhanced client experiences through integrated technology and robust services. LPL Financial, a leader in its markets, serves nearly 23,000 financial advisors, including those at approximately 1,100 institutions and 570 RIA firms nationwide.
LPL Financial (Nasdaq: LPLA) ha annunciato che Investment Advisors Financial Group, precedentemente con Osaic, si è unita alle piattaforme di broker-dealer, RIA e custodia di LPL. Il gruppo, fondato nel 1979 da Thomas E. Musumeci, ha riportato di servire circa 1 miliardo di dollari in beni di consulenza, intermediazione e piani pensionistici. Con sede a Eatontown, N.J., il gruppo è composto da 22 consulenti e otto membri del personale di supporto, guidati da Musumeci, James Flannery e Annie Silvestro.
Il passaggio a LPL è stato motivato dal desiderio del team di avere maggiore autonomia e migliorare l'esperienza dei clienti attraverso tecnologie integrate e servizi robusti. LPL Financial, leader nei suoi mercati, serve quasi 23.000 consulenti finanziari, compresi quelli di circa 1.100 istituzioni e 570 aziende RIA a livello nazionale.
LPL Financial (Nasdaq: LPLA) ha anunciado que Investment Advisors Financial Group, anteriormente con Osaic, se ha unido a las plataformas de corredor, RIA y custodio de LPL. El equipo, fundado en 1979 por Thomas E. Musumeci, informó que atiende aproximadamente 1 mil millones de dólares en activos de asesoría, intermediación y planes de jubilación. Con sede en Eatontown, N.J., el grupo consta de 22 asesores y ocho personal de apoyo, liderados por Musumeci, James Flannery y Annie Silvestro.
La decisión de unirse a LPL fue impulsada por el deseo del equipo de mayor autonomía y mejorar la experiencia del cliente a través de tecnología integrada y servicios robustos. LPL Financial, un líder en sus mercados, atiende a casi 23,000 asesores financieros, incluidos aquellos de aproximadamente 1,100 instituciones y 570 empresas RIA en todo el país.
LPL 금융(Nasdaq: LPLA)은 이전에 Osaic과 함께했던 투자 자문 금융 그룹이 LPL의 중개, RIA 및 자산 관리 플랫폼에 합류했다고 발표했습니다. 1979년 Thomas E. Musumeci에 의해 설립된 이 팀은 약 10억 달러의 자문, 중개 및 연금 자산을 관리하고 있다고 보고했습니다. 뉴저지주 이턴타운에 본사를 둔 이 그룹은 Musumeci, James Flannery 및 Annie Silvestro가 이끄는 22명의 자문가와 8명의 지원 직원으로 이루어져 있습니다.
LPL로의 이동은 팀이 더 큰 자율성과 통합된 기술 및 강력한 서비스를 통해 고객 경험을 향상시키고자 하는 열망에 의해 추진되었습니다. LPL 금융은 거의 23,000명의 금융 자문가를 포함해 약 1,100개의 기관 및 570개의 RIA 회사에 서비스를 제공합니다.
LPL Financial (Nasdaq: LPLA) a annoncé que le groupe Investment Advisors Financial Group, précédemment avec Osaic, a rejoint les plateformes de courtier, RIA et de garde de LPL. L'équipe, fondée en 1979 par Thomas E. Musumeci, a déclaré servir environ 1 milliard de dollars d'actifs de conseil, de courtage et de plans de retraite. Basé à Eatontown, N.J., le groupe se compose de 22 conseillers et huit membres du personnel de soutien, dirigés par Musumeci, James Flannery et Annie Silvestro.
Le passage à LPL a été motivé par le désir de l'équipe d'une plus grande autonomie et d'une meilleure expérience client grâce à une technologie intégrée et des services solides. LPL Financial, un leader sur ses marchés, sert près de 23 000 conseillers financiers, y compris ceux d'environ 1 100 institutions et 570 sociétés RIA à l'échelle nationale.
LPL Financial (Nasdaq: LPLA) hat angekündigt, dass die Investment Advisors Financial Group, zuvor bei Osaic, sich den Broker-Dealer-, RIA- und Verwahrplattformen von LPL angeschlossen hat. Das 1979 von Thomas E. Musumeci gegründete Team berichtet von einer Betreuung von etwa 1 Milliarde Dollar in Beratungs-, Brokerage- und Rentenplanvermögen. Mit Sitz in Eatontown, N.J., besteht die Gruppe aus 22 Beratern und acht Unterstützungskräften, angeführt von Musumeci, James Flannery und Annie Silvestro.
Der Wechsel zu LPL wurde durch den Wunsch des Teams nach größerer Autonomie und verbesserten Kundenerlebnissen durch integrierte Technologie und umfassende Dienstleistungen motiviert. LPL Financial, ein führendes Unternehmen im Markt, betreut fast 23.000 Finanzberater, einschließlich derjenigen von etwa 1.100 Institutionen und 570 RIA-Firmen landesweit.
- Investment Advisors Financial Group, managing approximately $1 billion in assets, joined LPL Financial
- LPL Financial serves nearly 23,000 financial advisors across various institutions
- The addition of Investment Advisors Financial Group strengthens LPL's market position
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SAN DIEGO, July 24, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of Investment Advisors Financial Group have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The team reported having served approximately
Founded in 1979 by Thomas E. Musumeci and headquartered in Eatontown, N.J., Investment Advisors Financial Group includes a diverse mix of advisors with backgrounds in accounting, finance, tax and investments who work together to address each client’s unique wealth management needs. The group, which is led by Musumeci, James Flannery and Annie Silvestro — Musumeci's daughter — consists of 22 advisors and eight associates and administrative staff.
Musumeci, who has more than five decades of experience in the industry, continues to play an active role at the firm as President, employing his years of experience to provide sound fiscal advice and mentorship of junior advisors. His son, Tom, is also a top-producing advisor in the practice. Investment Advisors Financial Group recently welcomed a new intern and looks forward to continuing Musumeci’s legacy of developing the skills of the next generation.
“I had the privilege of growing up in the business, and a big part of that was observing the relationships my father formed with a variety of clients,” Silvestro said. “My father created a practice where anyone who wanted help creating and building wealth could get it, regardless of the size of their accounts, and we are proud to continue his legacy today.”
It was the team's desire for more autonomy, paired with the aspiration to elevate their clients’ experiences through integrated technology and robust services, that led them to LPL Financial.
“At Investment Advisors Financial Group, we are a full-service organization that takes an innovative team approach that aims to help clients meet their financial goals and advisors to be as successful as they want to be,” Flannery said. “Four decades ago, Tom established a practice that has become a legacy for its advisors, staff and clients. Partnering with LPL and utilizing their extensive services and platform will help us take our next-level client experience further.”
Scott Posner, LPL Executive Vice President, Business Development, added, “We welcome Thomas, James, Annie and the entire Investment Advisors Financial Group to LPL and look forward to supporting the continued growth and evolution of their firm. At LPL, we applaud their strategic and team-focused approach to helping their clients work toward their financial objectives, and we are proud to support them with differentiated technology, business solutions and innovative wealth management platforms designed to create a heightened client experience.”
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving nearly 23,000 financial advisors, including advisors at approximately 1,100 institutions and at approximately 570 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Investment Advisors Financial Group and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
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*Value approximated based on asset and holding details provided to LPL from end of year, 2023.
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