LPL adds $130M team from Securities America

Fairfield, Connecticut-based Oak Tree Financial Group has three advisors.

A team that managed $130 million in client assets at Securities America, a unit of Osaic, formerly known as Advisor Group, has affiliated with LPL Financial, the firm announced Monday.

Michael Gandet Jr., Mark Choinski and Arthur Sisco operate as Oak Tree Financial Group. The firm is based in Fairfield, Connecticut, with offices in Manahawkin and Westwood, New Jersey, and Poughkeepsie, New York.

The three advisors have a combined 75 years of experience.

They are joined in the move by Lisa Molwitz, the firm’s office manager, and associate Christopher Gandet, who is the son of Michael Gandet.

The Oak Tree team sought to achieve business efficiencies and provide a better experience for their clients.

“What really impressed us about LPL is that they are forward-thinking and progressive and constantly looking for ways to help advisors serve their clients better,” Gandet said in a statement. “As consolidation continues to increase in the industry, many of my industry peers have made the switch to LPL and it’s easy to see why. LPL offers specialized support, top-notch technology and insightful market research that we can use to support our clients and grow the business.”

[More: LPL continues strong recruiting from Securities America in 2023]