A firm that had overseen $265 million in assets at Cadaret Grant & Co. has affiliated with LPL Financial and will use LPL's broker-dealer, RIA and custodial platforms, the firm announced Monday.
Infinity Wealth Group in northern New Jersey was founded in 1992 by Robert Doran, its president, after he spent 10 years at IBM. In response to mass layoffs in the corporate world, Doran decide to focus his advisory firm on retirement planning and wealth management.
The firm includes four other advisors: Robert Sundermann, George Gahles and father and son team James and Kevin Mangam. There are also three staffers.
Infinity Wealth Group had been affiliated with Cadaret Grant since 1998, according to BrokerCheck.
The move to LPL is part of the team’s efforts to improve the firm.
“The tools that LPL provides to advisors will help us to simplify account management, boost practice efficiency, provide scalability and improve the overall client experience,” Doran said in a statement. “LPL’s size and scale, and their commitment to invest heavily in financial technology, resources and experienced staff, will provide myself and my team what we need to best support our clients, grow our business and build more long-lasting relationships.”
Doran also cited LPL’s self-clearing capabilities and single sign-on digital capabilities. “Without the need for a third party to conduct trades, we will save precious time, which we will be able to use to help our clients.”
Summit Financial unveiled a suite of eight new tools, including AI lead gen and digital marketing software, while MassMutual forges a new partnership with Orion.
A new analysis shows the number of actions plummeting over a six-month period, potentially due to changing priorities and staffing reductions at the agency.
The strategic merger of equals with the $27 billion RIA firm in Los Angeles marks what could be the largest unification of the summer 2025 M&A season.
Report highlights lack of options for those faced with emergency expenses.
However, Raymond James has had success recruiting Commonwealth advisors.
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.
