CHARLOTTE, N.C., Oct. twenty, 2021 (World NEWSWIRE) — LPL Economic LLC (Nasdaq:LPLA} announced currently that Riolo Economic Team has joined LPL Financial’s broker-seller, corporate registered expense advisor (RIA) and custodial platforms. The workforce noted acquiring served approximately $250 million in advisory and brokerage belongings*. They be a part of LPL from Ameriprise Economic.
Centered in New Town, N.Y., the planning-primarily based practice was founded in 2014 when market veteran Dominick Riolo CFP®, teamed up with his son, Frank Riolo CFP®. With the transfer to LPL, their longtime colleague Lisa Sherman CFP®, formally joins the workforce. The a few economical advisors are assisted by two office environment guidance staff customers. “We operate to make guaranteed each client has a roadmap that can take their entire economical photograph into account and adapts to their modifying requires,” Dominick Riolo said.
Just after comprehensive thanks diligence, which bundled interviewing 6 corporations and talking with their respective advisors, the workforce selected to husband or wife with LPL for the subsequent chapter of their organization. “With so a lot consolidation in the economical advice market, it was vital for us to affiliate with a primary prosperity administration firm. As a publicly traded firm, we think LPL can provide our organization and consumers with lengthy-term stability in this ever-modifying earth,” Riolo said. “Additionally, the transfer to LPL will allow us to have far more freedom in how we function. LPL thoroughly supports its advisors as impartial organization proprietors we are not calculated from other advisors, and LPL does not make conflict by featuring proprietary economical merchandise.”
Scott Posner, LPL government vice president, Company Enhancement, mentioned, “On behalf of the entire LPL community, we prolong a heat welcome to Dom, Frank and Lisa. We are happy they identified our stability as a benefit to their practice and consumers. We are fully commited to our advisors’ results and will continue to commit in ground breaking abilities and robust organization methods made to assist them prosper. We search forward to a lengthy-lasting romance with the entire workforce at Riolo Economic Team.”
Read through about other corporations that not too long ago joined LPL in the LPL Economic News and Media section of LPL.com.
Advisors, come across an LPL organization progress representative near you.
About LPL Economic
LPL Economic (Nasdaq: LPLA) was founded on the theory that the firm really should operate for the advisor, and not the other way around. Now, LPL is a leader** in the markets we serve, supporting far more than 19,000 economical advisors, 800 institution-primarily based expense plans and 450 impartial RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered model and the perception that Us residents are worthy of obtain to goal guidance from a economical advisor. At LPL, independence means that advisors have the freedom they are worthy of to choose the organization model, companies, and technology methods that allow them to operate their fantastic practice. And they have the freedom to manage their client interactions, mainly because they know their consumers best. Simply put, we get treatment of our advisors, so they can get treatment of their consumers.
** Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Impartial Broker-Supplier in the U.S (Centered on total revenues, Economic Setting up magazine 1996-2021) No. 1 provider of third-get together brokerage companies to banking companies and credit score unions (2020-2021 Kehrer Bielan Study & Consulting Annual TPM Report) Fortune five hundred as of June 2021
*Centered on prior organization and signifies belongings that would have been custodied at LPL Economic, rather than third-get together custodians. Noted belongings and client figures have not been independently and thoroughly verified by LPL Economic.
Securities and advisory companies supplied by LPL Economic LLC, an SEC- registered broker-seller and expense advisor. Member FINRA/ SIPC
Through this communication, the terms “financial advisors” and “advisors” are employed to refer to registered representatives and/or expense advisor representatives affiliated with LPL Economic LLC. We routinely disclose data that may be vital to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Riolo Economic Team and LPL Economic are separate entities.
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