LPL is boosting its presence in the Northeast yet again as a former Osaic team joins its ranks in Connecticut.
The firm announced Monday that Summit Planning Group's advisors have integrated with LPL Financial’s broker-dealer, registered investment advisor, and custodial platforms.
The Connecticut-based team previously associated with Lincoln Financial, whose wealth business was acquired by Osaic in May, reported handling approximately $750 million in advisory, brokerage, and retirement plan assets.
Established in 1995, Summit Planning Group comprises a diverse set of advisors specializing in accounting, finance, tax, and investments, aiming to address comprehensive wealth management needs. Their offices are located in Branford and Glastonbury, Connecticut.
The advisory team, composed mostly of long-tenured veterans, has over 200 years of industry experience between them.
The team includes financial advisors Brian Onofrio, C. David Koncz, Karl Zirolli, Jay Pinto, Frank Navario, Alison G. Gaffney, and Ben Onofrio.
“We understand it takes a multi-faceted group to coordinate the distinct elements of a client’s complex financial situation into one smoothly working, inter-related plan,” Brian Onofrio said in a statement Monday. “As entrepreneurs and independent advisors, we take the time to provide customized plans and ongoing guidance for each client’s financial situation."
Describing the service experience that LPL provides for advisors and clients as “second to none,” Onofrio said Summit Planning Group’s decision to affiliate with LPL came after an extensive due diligence process.
“LPL is a stable partner and Fortune 500 company that invests heavily in industry-leading capabilities and strategic business resources,” Onofrio added.
He expressed confidence in the firm as his team seeks to “put clients in a better-suited position” to maximize returns and manage risks while providing a higher level of service.
Aside from Summit Wealth Management, LPL’s advisor growth streak so far in July has included a $475 million advisor duo from Ameriprise and a $200 million father-daughter advisor team from Edward Jones.
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