Another Osaic Team Jumps to LPL
LPL Financial LLC announced that financial advisor Jerry Rizza has joined the firm’s broker-dealer, registered investment advisor, and custodial platforms, having served approximately $250 million in advisory, brokerage, and retirement plan assets. He has joined LPL from Osaic.
With 31 years of financial services experience, Rizza’s background includes playing professional baseball within the Oakland A’s minor league system followed by more than three years as an accountant at a CPA firm in New York City.
“As I learned more about the financial services industry, I fell in love with the idea of helping families plan for a more secure financial future,” said Rizza, who grew his business organically by word of mouth, LPL said.
Based in Melville, NY, Rizza is joined at Rizza Financial Services by assistants Rachel Beneventano and Jessica Weich. Rizza specializes in retirement planning and behavioral investment counseling.
The move to LPL was driven by Rizza’s desire for enhanced service experiences, office efficiencies and a robust technology platform. “LPL’s advisor-centric model offers the support we need to serve our clients more efficiently and effectively,” Rizza added. “This move has been years in the making, and I believe it’s a strategic investment in our future.”
The addition of Rizza Financial Services continues LPL’s efforts to lure advisors from Osaic. Last week, the firm announced that Investment Advisors Financial Group, a $1 billion Eatontown, NJ-based financial advisory firm, joined LPL’s platform. Earlier this month, LPL announced that Summit Planning Group, a $750 million advisory firm with offices in Branford and Glastonbury, CT, 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.
