LPL welcomes $655M wealth team in Ohio

LPL welcomes $655M wealth team in Ohio
The Bury Financial Group.
The brokerage giant is enlarging its network of affiliations yet again with the veteran-led practice coming in from Osaic.
SEP 19, 2024

LPL Financial has strengthened its wealth presence yet again as veteran-led wealth practice from Osaic joins its network in Ohio.

The firm announced today that Bury Financial Group, a wealth management practice based in Youngstown, Ohio, has joined its broker-dealer, RIA, and custodial platforms. Founded by Todd Bury in 1992, it reported managing approximately $655 million in advisory, brokerage, and retirement plan assets. The team made the move from Osaic to LPL Financial as part of their efforts to elevate their practice and expand client offerings.

Bury, a 30-year industry veteran who began his financial career at the age of 20, has grown the firm over the years from a solo operation to a full-service wealth management team. In 2006, he partnered with Brian Laraway, forming the foundation of a team-oriented business model. The group now includes partners David Maxwell, Gregory Gett, and Kelcie Schiraldi, along with advisors Nicholas Romeo and Sarah Bury.

The team is supported by vice president of operations Kelly Frammartino, alongside paraplanners Bill Nock and Alexander Baker. The client services team includes Jocelyn Palowitz and Amanda Peffer

“We have close relationships with each of our clients and treat them like family,” said Bury, the firm's namesake president and managing partner, in a statement. "We believe our success is based on our long history of strong leadership, sound investments, and innovative products and services."

The decision to join LPL was driven by the desire to enhance client experiences through expanded offerings and flexibility. LPL’s open architecture platform, known for supporting independent advisors, played a key role in Bury Financial Group’s choice.

“LPL is dedicated to independence and providing ultimate flexibility,” added Laraway, vice president and managing partner at Bury Financial Group. “With this move, we have strengthened our team and brand to give clients the level of service they deserve and should expect.”

On Tuesday, LPL enhanced its capacity for advisor support with a new 43,000-square foot home office location in Tempe, Arizona, adding to its mothership in San Diego, California and second home base in Fort Mill, South Carolina.

The brokerage behemoth has also been keeping up a healthy stream of recruitment in September, including a next-gen advisor duo joining from Truist and a $650 million Ameriprise team that defected in California.

Latest News

Fund fees continue long-term slide as investors favor lower-cost options
Fund fees continue long-term slide as investors favor lower-cost options

Industry report details decades-long trends in expense ratios, 2024 fee movements, and how shifts in advisor compensation have played a role.

Senate Majority Leader pushes full repeal of estate tax
Senate Majority Leader pushes full repeal of estate tax

The Republican leader's call to end the death tax, part of a long and growing wish list of cuts and reductions, would offer relief to a small but important sliver of America's wealthiest taxpayers.

Wall Street bonuses surged 32% to $47.5B last year, NY comptroller says
Wall Street bonuses surged 32% to $47.5B last year, NY comptroller says

The 2024 bump in bonuses made for the largest total pool in records going back to 1987, but economic uncertainty and federal changes weigh on this year's outlook.

Advisors seek transparency on DIY investing as Robinhood faces investigation
Advisors seek transparency on DIY investing as Robinhood faces investigation

'I feel like they have created an addictive gaming culture, which is not healthy for investing.'

Dynasty forges RIA custody partnership with Goldman Sachs
Dynasty forges RIA custody partnership with Goldman Sachs

The collaboration gives Dynasty's $105 billion network of over 500 advisors access to new custodial services, asset management, and lending expertise.

SPONSORED Focus on clients, not compliance – why Gary Corderman found his fit with Farther

This wealth management platform finally delivers on the technology promises other firms couldn't - giving advisors a better way to scale and serve

SPONSORED Beyond the all-in-one: Why specialization is key in wealth tech

In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'