$750M Advisory Team Bolts for LPL
LPL Financial LLC announced the advisors with Summit Planning Group have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The seven-person Connecticut-based team reported having served approximately $750 million in advisory, brokerage and retirement plan assets and joins LPL from Osaic.
Founded in 1995, Summit Planning Group has offices in Branford and Glastonbury, CT and includes financial advisors Brian Onofrio, C. David Koncz, Karl Zirolli, Jay Pinto, Frank Navario, Alison G. Gaffney, and Ben Onofrio.
In choosing LPL, Summit Planning Group described it “second to none” in terms of service for both advisors and clients. “We believe LPL puts our clients in a better suited position as they seek to maximize their returns and reduce risks, all while receiving a higher level of service,” said Brian Onofrio. “Ultimately, we believe that everything LPL offers will help us with the ease of doing business, freeing up more time to spend with clients.”
LPL, based in San Diego, serves nearly 23,000 advisors nationwide. As of March, the firm reported $1.44 trillion of advisory and brokerage assets and $793 billion in advisory assets alone.
In May, LPL recruited Pilot Financial, a Greensboro, NC-based network of 105 advisors nationwide and another former Lincoln Financial team that manages approximately $4.6 billion in advisory and brokerage assets.
