CHARLOTTE, N.C., Oct. twenty, 2021 (World NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA} announced now that Riolo Money Group has joined LPL Financial’s broker-seller, corporate registered financial investment advisor (RIA) and custodial platforms. The team documented possessing served around $250 million in advisory and brokerage property*. They join LPL from Ameriprise Money.
Primarily based in New Metropolis, N.Y., the organizing-centered practice was started 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 team. The 3 economic advisors are assisted by two workplace assistance staff members associates. “We operate to make absolutely sure each individual consumer has a roadmap that will take their overall economic image into account and adapts to their altering desires,” Dominick Riolo claimed.
Immediately after comprehensive due diligence, which included interviewing 6 firms and talking with their respective advisors, the team chose to lover with LPL for the next chapter of their small business. “With so a great deal consolidation in the economic tips business, it was crucial for us to affiliate with a primary wealth administration agency. As a publicly traded agency, we believe that LPL can provide our small business and shoppers with very long-phrase balance in this at any time-altering entire world,” Riolo claimed. “Additionally, the shift to LPL lets us to have much more flexibility in how we run. LPL fully supports its advisors as impartial small business owners we are not measured in opposition to other advisors, and LPL does not create conflict by giving proprietary economic merchandise.”
Scott Posner, LPL govt vice president, Organization Advancement, mentioned, “On behalf of the overall LPL local community, we lengthen a heat welcome to Dom, Frank and Lisa. We are very pleased they acknowledged our balance as a gain to their practice and shoppers. We are committed to our advisors’ success and will proceed to spend in revolutionary capabilities and sturdy small business alternatives built to assist them thrive. We glimpse forward to a very long-lasting marriage with the overall team at Riolo Money Group.”
Examine about other firms that recently joined LPL in the LPL Money News and Media part of LPL.com.
Advisors, locate an LPL small business advancement representative near you.
About LPL Money
LPL Money (Nasdaq: LPLA) was started on the basic principle that the agency must operate for the advisor, and not the other way around. These days, LPL is a leader** in the marketplaces we provide, supporting much more than 19,000 economic advisors, 800 institution-centered financial investment plans and 450 impartial RIA firms nationwide. We are steadfast in our determination to the advisor-centered design and the belief that Individuals should have accessibility to goal guidance from a economic advisor. At LPL, independence signifies that advisors have the flexibility they should have to pick out the small business design, solutions, and know-how assets that allow them to run their best practice. And they have the flexibility to take care of their consumer relationships, for the reason that they know their shoppers very best. Merely put, we acquire treatment of our advisors, so they can acquire treatment of their shoppers.
** Major RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Unbiased Broker-Supplier in the U.S (Primarily based on total revenues, Money Organizing journal 1996-2021) No. 1 provider of third-social gathering brokerage solutions to banks and credit history unions (2020-2021 Kehrer Bielan Exploration & Consulting Yearly TPM Report) Fortune five hundred as of June 2021
*Primarily based on prior small business and represents property that would have been custodied at LPL Money, relatively than third-social gathering custodians. Reported property and consumer numbers have not been independently and fully verified by LPL Money.
Securities and advisory solutions presented by means of LPL Money LLC, an SEC- registered broker-seller and financial investment advisor. Member FINRA/ SIPC
During this communication, the conditions “financial advisors” and “advisors” are utilised to refer to registered reps and/or financial investment advisor reps affiliated with LPL Money LLC. We routinely disclose details that might be crucial to shareholders in the “Investor Relations” or “Press Releases” part of our website.
Riolo Money Group and LPL Money are independent entities.
Link with Us!
Media Get in touch with: