LPL Financial Welcomes Riolo Financial Group
CHARLOTTE, N.C., Oct. 20, 2021 (Globe NEWSWIRE) — LPL Economical LLC (Nasdaq:LPLA} announced currently that Riolo Economical Team has joined LPL Financial’s broker-vendor, company registered financial investment advisor (RIA) and custodial platforms. The team reported having served about $250 million in advisory and brokerage assets*. They sign up for LPL from Ameriprise Money.
Based mostly in New Metropolis, N.Y., the organizing-dependent apply was founded in 2014 when sector veteran Dominick Riolo CFP®, teamed up with his son, Frank Riolo CFP®. With the transfer to LPL, their longtime colleague Lisa Sherman CFP®, officially joins the crew. The three economic advisors are assisted by two office help staff users. “We operate to make certain each and every client has a roadmap that can take their full monetary picture into account and adapts to their changing wants,” Dominick Riolo stated.
Following substantial thanks diligence, which provided interviewing six corporations and talking with their respective advisors, the group chose to companion with LPL for the upcoming chapter of their enterprise. “With so considerably consolidation in the money information market, it was important for us to affiliate with a main prosperity management company. As a publicly traded agency, we imagine LPL can deliver our enterprise and clients with very long-phrase security in this ever-transforming globe,” Riolo said. “Additionally, the transfer to LPL will allow us to have a lot more freedom in how we operate. LPL absolutely supports its advisors as impartial enterprise proprietors we aren’t measured towards other advisors, and LPL does not create conflict by giving proprietary economical products.”
Scott Posner, LPL executive vice president, Company Advancement, mentioned, “On behalf of the total LPL local community, we extend a heat welcome to Dom, Frank and Lisa. We are very pleased they regarded our balance as a benefit to their observe and shoppers. We are fully commited to our advisors’ accomplishment and will continue to spend in modern abilities and sturdy company solutions built to help them thrive. We look ahead to a prolonged-long lasting relationship with the full group at Riolo Economic Group.”
Read about other companies that a short while ago joined LPL in the LPL Monetary Information and Media section of LPL.com.
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About LPL Economic
LPL Fiscal (Nasdaq: LPLA) was launched on the principle that the organization should really work for the advisor, and not the other way all around. Now, LPL is a leader** in the markets we provide, supporting a lot more than 19,000 money advisors, 800 establishment-centered expense courses and 450 independent RIA companies nationwide. We are steadfast in our dedication to the advisor-centered model and the perception that Us residents ought to have access to aim assistance from a economic advisor. At LPL, independence implies that advisors have the freedom they have earned to pick the company model, solutions, and technological know-how assets that permit them to operate their fantastic observe. And they have the flexibility to take care of their shopper associations, since they know their purchasers very best. Merely place, we take treatment of our advisors, so they can acquire care of their clientele.
** Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Impartial Broker-Vendor in the U.S (Centered on overall revenues, Monetary Planning magazine 1996-2021) No. 1 company of third-celebration brokerage providers to banking institutions and credit unions (2020-2021 Kehrer Bielan Exploration & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021
*Centered on prior business enterprise and signifies property that would have been custodied at LPL Fiscal, somewhat than 3rd-party custodians. Documented property and consumer figures have not been independently and fully confirmed by LPL Money.
Securities and advisory providers supplied by means of LPL Fiscal LLC, an SEC- registered broker-dealer and expenditure advisor. Member FINRA/ SIPC
Throughout this communication, the phrases “financial advisors” and “advisors” are used to refer to registered associates and/or expense advisor representatives affiliated with LPL Monetary LLC. We routinely disclose data that may be essential to shareholders in the “Investor Relations” or “Press Releases” portion of our web site.
Riolo Economical Group and LPL Economic are individual entities.
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