A $155 million advisory firm in Rochester, New York, has switched allegiance to Private Advisor Group.
Delisanti Wealth Management was previously with Angelo Planning Group but decided on a move after careful consideration by owner and president Robb Delisanti, who was attracted to the $31.5 billion AUM RIA’s experience, compliance burden relief, ease of doing business, and efficiency.
Another key part of the decision was Private Advisor Group’s multi-custodian offering. In 2022, the firm launched WealthSuite, an exclusive multi-custodian in-house investment management platform offering core models and direct indexing capabilities to advisors.
"Joining Private Advisor Group marks a significant milestone for Delisanti Wealth Management," said Delisanti. "We are excited about the enhanced support and resources we can now offer our clients, enabling us to focus even more on their unique financial needs and goals. The alignment in values and the operational ease provided by Private Advisor Group and our new custodian Fidelity Investments, made this partnership a clear choice for us."
Verne Marble, director of business development at Private Advisor Group, welcomed Delisanti and his team to the firm.
"Robb's dedication to his clients and his commitment to providing personalized financial guidance align powerfully with our core values. We look forward to supporting the Delisanti Wealth Management team in their continued growth and success."
Private Advisor Group was established as an independent RIA in 2011 and was founded by Pat Sullivan and John Hyland who founded Morristown Financial Group in 1997. The firm is headquartered in New Jersey.
Voya Financial adds private equity, credit and real estate options to its AMA program, building on support for looser federal investment rules in retirement accounts.
Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.
Auditors flagged the commingling. The COO allegedly knew. Investors kept getting the pitch
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
