$110M FA Duo Hops to Osaic from LPL Financial 

Osaic Wealth has added a New York-based wealth management firm to its Affiliated Advisors channel, an Osaic office of supervisory jurisdiction from LPL Financial. 

Melville, NY-based AFC Planning Group, founded in 2008, and led by managing partners Lou Addesso and Frank Fattizzi, oversees roughly $110 million in assets under advisement.  

AFC Planning Group provides investment management, retirement planning, risk management, tax optimization, and college planning to high-net-worth individuals and “small to mid-sized” businesses, the firm said. 

The duo joined Osaic because of the firm’s “consultative” approach to providing tools, support, and services. 

“At AFC Planning Group, we’ve built a culture rooted in integrity, responsiveness and genuine care,” Addesso said. “It’s not about transactions – it’s about long-term relationships. That mindset shapes every interaction, plan and recommendation we make, including our choice to join Affiliated Advisors and the Osaic community.” 

Osaic Wealth’s addition comes as the firm continues to acquire various financial planning firms from LPL Financial. Recently, Osaic Wealth added Mission Viejo, CA-based Providence Wealth Planning, which manages about $275 million in client assets.