LPL Financial Welcomes Riolo Financial Group
CHARLOTTE, N.C., Oct. 20, 2021 (World NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA} announced currently that Riolo Financial Team has joined LPL Financial’s broker-seller, company registered investment decision advisor (RIA) and custodial platforms. The team claimed having served around $250 million in advisory and brokerage belongings*. They join LPL from Ameriprise Economic.
Primarily based in New Town, N.Y., the planning-dependent follow was launched in 2014 when business veteran Dominick Riolo CFP®, teamed up with his son, Frank Riolo CFP®. With the shift to LPL, their longtime colleague Lisa Sherman CFP®, formally joins the workforce. The a few financial advisors are assisted by two business guidance personnel users. “We function to make certain each and every client has a roadmap that will take their total economic picture into account and adapts to their shifting demands,” Dominick Riolo mentioned.
Soon after comprehensive due diligence, which incorporated interviewing 6 firms and speaking with their respective advisors, the group selected to associate with LPL for the future chapter of their business enterprise. “With so considerably consolidation in the financial assistance business, it was significant for us to affiliate with a major prosperity management company. As a publicly traded company, we feel LPL can deliver our small business and purchasers with very long-expression stability in this ever-switching planet,” Riolo explained. “Additionally, the go to LPL enables us to have extra independence in how we work. LPL completely supports its advisors as independent company house owners we are not measured from other advisors, and LPL does not build conflict by featuring proprietary financial solutions.”
Scott Posner, LPL govt vice president, Business enterprise Enhancement, said, “On behalf of the full LPL neighborhood, we prolong a warm welcome to Dom, Frank and Lisa. We are happy they identified our stability as a reward to their practice and purchasers. We are dedicated to our advisors’ good results and will proceed to make investments in innovative capabilities and strong business enterprise remedies built to support them prosper. We glimpse ahead to a long-lasting romantic relationship with the complete team at Riolo Economic Team.”
Browse about other companies that not long ago joined LPL in the LPL Monetary Information and Media portion of LPL.com.
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About LPL Economic
LPL Money (Nasdaq: LPLA) was launched on the basic principle that the business should function for the advisor, and not the other way about. These days, LPL is a leader** in the markets we serve, supporting extra than 19,000 monetary advisors, 800 institution-based financial investment systems and 450 impartial RIA firms nationwide. We are steadfast in our determination to the advisor-centered model and the belief that People are entitled to access to aim steering from a monetary advisor. At LPL, independence usually means that advisors have the freedom they deserve to pick out the organization product, providers, and technologies assets that allow for them to operate their great exercise. And they have the flexibility to take care of their consumer relationships, simply because they know their clients very best. Basically place, we take treatment of our advisors, so they can just take care of their shoppers.
** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Independent Broker-Seller in the U.S (Dependent on total revenues, Money Arranging journal 1996-2021) No. 1 company of third-celebration brokerage products and services to banking institutions and credit history unions (2020-2021 Kehrer Bielan Investigate & Consulting Yearly TPM Report) Fortune 500 as of June 2021
*Dependent on prior business enterprise and signifies belongings that would have been custodied at LPL Economical, rather than 3rd-social gathering custodians. Reported belongings and consumer numbers have not been independently and completely confirmed by LPL Monetary.
Securities and advisory solutions provided via LPL Monetary LLC, an SEC- registered broker-vendor and financial commitment advisor. Member FINRA/ SIPC
All over this interaction, the terms “financial advisors” and “advisors” are made use of to refer to registered representatives and/or financial commitment advisor associates affiliated with LPL Monetary LLC. We routinely disclose data that could be critical to shareholders in the “Investor Relations” or “Press Releases” portion of our internet site.
Riolo Financial Team and LPL Money are individual entities.
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