Retirement Planning Specialists, a hybrid investment advisory practice in Willow Grove, Pennsylvania, managing $200 million, has joined LaSalle St. Investment Advisors.
Retirement Planning Specialist founder and CEO Joe Sarappo, who has 32 years of experience, and the firm’s three other advisers — Christopher Sacco, James Cuorato and Kyle Jennings — will join LaSalle St. as investment adviser representatives.
As part of the transition, Retirement Planning Specialists has withdrawn its SEC registration, but will maintain its brand and independence.
Client accounts will continue to be custodied with Fidelity, and Sarappo and Sacco have affiliated with LaSalle St.’s broker-dealer to continue to serve a small number of brokerage accounts.
The move follows earlier dealmaking and leadership changes as the Overland Park-based hybrid RIA builds toward a nonprofit-focused institutional platform.
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