$165M Ex-Osaic FAs Join LPL Financial
LPL Financial LLC has added $165 million Tempe, AZ-based S&G Wealth Partners to its broker-dealer, RIA and custodial platforms, marking its seventh pick up from Osaic since June.
S&G Wealth Partners is led by financial advisors Scott Garber and Marcus Seiter, with support from Nicole Kennedy, who will become a partner in January. Garber focuses on financial education, wealth management and retirement. Seiter manages estate planning, in addition to asset management.
“Very robust technology” and “comprehensive resources” led the firm to LPL, Garber said. “We believe that this move will allow us to take our business to the next level and provide clients with an even higher level of service.”
Last month, LPL added Dougherty, Tedesco & Associates, a former Osaic team in Cincinnati with $800 million in assets. In September, the firm added McKinney, TX-based GreenPoint Wealth Management with approximately $150 million assets. Earlier that month, 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 advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide.
Pictured: S&G Wealth Partners team
