LPL Financial Lures Another Osaic Team
LPL Financial LLC announced that a $655 million Youngstown, OH-based advisory practice formerly with Osaic has joined the firm’s broker-dealer, RIA, and custodial platforms.
Bury Financial Group was founded in 1992 by president and managing partner Todd Bury while he was a sophomore in college and ran the firm solo for over a decade. In 2006, Bury partnered with VP/managing partner Brian Laraway. The full-service wealth management firm focuses on long-term planning.
The team now includes fellow partners David Maxwell, Gregory Gett and Kelcie Schiraldi, as well as advisors Nicholas Romeo and Sarah Bury. They are supported by VP of operations Kelly Frammartino, paraplanners Bill Nock and Alexander Baker, and client services team members Jocelyn Palowitz and Amanda Peffer.
“We have close relationships with each of our clients and treat them like family,” Bury said. “It’s our goal to help them lead happier, healthier and more productive lives. We believe our success is based on our long history of strong leadership, sound investments and innovative products and services.”
The addition of Bury Financial Group continues LPL’s efforts to lure advisors from Osaic. 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.
Pictured: Bury Financial Group team
