CHARLOTTE, N.C., Oct. twenty, 2021 (Globe NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA} announced today that Riolo Money Group has joined LPL Financial’s broker-vendor, company registered expense advisor (RIA) and custodial platforms. The team noted possessing served close to $250 million in advisory and brokerage property*. They be a part of LPL from Ameriprise Money.
Primarily based in New Town, N.Y., the scheduling-primarily based practice was launched in 2014 when business veteran Dominick Riolo CFP®, teamed up with his son, Frank Riolo CFP®. With the transfer to LPL, their longtime colleague Lisa Sherman CFP®, formally joins the team. The a few economic advisors are assisted by two office assistance team users. “We operate to make positive every single customer has a roadmap that can take their entire economic photo into account and adapts to their modifying requirements,” Dominick Riolo reported.
Following substantial due diligence, which provided interviewing six firms and talking with their respective advisors, the team selected to spouse with LPL for the upcoming chapter of their organization. “With so significantly consolidation in the economic suggestions business, it was essential for us to affiliate with a major prosperity management business. As a publicly traded business, we believe LPL can offer our organization and clientele with extended-term stability in this ever-modifying planet,” Riolo reported. “Additionally, the transfer to LPL lets us to have extra liberty in how we operate. LPL entirely supports its advisors as impartial organization entrepreneurs we are not calculated in opposition to other advisors, and LPL does not create conflict by supplying proprietary economic goods.”
Scott Posner, LPL executive vice president, Enterprise Enhancement, stated, “On behalf of the entire LPL group, we increase a heat welcome to Dom, Frank and Lisa. We are happy they acknowledged our stability as a benefit to their practice and clientele. We are committed to our advisors’ accomplishment and will proceed to commit in revolutionary capabilities and strong organization remedies designed to help them prosper. We glimpse ahead to a extended-long lasting relationship with the entire team at Riolo Money Group.”
Read about other firms that not too long ago joined LPL in the LPL Money Information and Media portion of LPL.com.
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About LPL Money
LPL Money (Nasdaq: LPLA) was launched on the theory that the business must operate for the advisor, and not the other way all-around. Now, LPL is a chief** in the markets we serve, supporting extra than 19,000 economic advisors, 800 establishment-primarily based expense applications and 450 impartial RIA firms nationwide. We are steadfast in our dedication to the advisor-centered model and the perception that People deserve obtain to goal assistance from a economic advisor. At LPL, independence signifies that advisors have the liberty they deserve to opt for the organization model, services, and engineering methods that enable them to run their fantastic practice. And they have the liberty to manage their customer interactions, since they know their clientele best. Merely put, we take treatment of our advisors, so they can take treatment of their clientele.
** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Unbiased Broker-Vendor in the U.S (Primarily based on complete revenues, Money Preparing magazine 1996-2021) No. one provider of 3rd-social gathering brokerage services to banking companies and credit rating unions (2020-2021 Kehrer Bielan Investigation & Consulting Once-a-year TPM Report) Fortune five hundred as of June 2021
*Primarily based on prior organization and represents property that would have been custodied at LPL Money, alternatively than 3rd-social gathering custodians. Documented property and customer numbers have not been independently and entirely verified by LPL Money.
Securities and advisory services made available by means of LPL Money LLC, an SEC- registered broker-vendor and expense advisor. Member FINRA/ SIPC
In the course of this interaction, the terms “financial advisors” and “advisors” are utilized to refer to registered reps and/or expense advisor reps affiliated with LPL Money LLC. We routinely disclose info that may perhaps be essential to shareholders in the “Investor Relations” or “Press Releases” portion of our internet site.
Riolo Money Group and LPL Money are separate entities.
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