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.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
