$150M Former Osaic Duo Moves to LPL to Launch New Practice 

LPL Financial LLC announced that advisors Jeff Minucci and David Ryzman have joined the firm’s broker-dealer, RIA and custodial platforms from Osaic to launch their new business, McKinney, TX-based GreenPoint Wealth Management. They reported having served approximately $150 million in advisory, brokerage and retirement plan assets. 

Minucci and Ryzman have worked together in various roles in the financial services industry for over 20 years before becoming business partners. They focus on retirement planning and employ financial education to help their clients better comprehend their financial portfolios. 

“We wanted to create our own identity and shape our practice on our terms,” Ryzman said. “After a thorough due diligence process, we felt LPL was the ideal landing spot to support our continued growth.” 

The addition of GreenPoint Wealth Management continues LPL’s efforts to recruit advisors from Osaic. Last week, the firm welcomed Bury Financial Group, a $655 million Youngstown, OH-based advisory practice. In July, LPL added Rizza Financial Services, a $250 million Melville, NY-based practice. That same month, the firm announced that Investment Advisors Financial Group, a $1 billion Eatontown, NJ-based financial advisory firm, joined LPL’s platform, and Summit Planning Group, a $750 million advisory firm with offices in Branford and Glastonbury, CT, also joined from Osaic.   

In June, LPL announced the addition of FSI Wealth Management, a California team that manages about $215 million. FSI was previously with Securities America, which is now part of Osaic.  

LPL serves over 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide.