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.”
Altruist founder and CEO Jason Wenk shares insights on the custodial platform's refresh, how it's striking a chord among entrepreneurial advisors, and what's ahead after its latest $152 million funding round.
Following Wall Street Journal reporting from unnamed sources, the Chicago-based financial giant stressed its commitment to "delivering long-term value to our stakeholders."
The advisor, Andrew Nash of El Capitan Advisors, used the funds to buy a house, according to the SEC.
The digital investment platform's announcement of a confidential submission to the SEC comes amid a broader trend of consumer fintech firms going to market.
The Canadian startup's latest funding round, raising $60 million from the banks and other investors, is set to fuel its continued expansion into the US.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
