CHARLOTTE, N.C., Oct. 20, 2021 (Globe NEWSWIRE) — LPL Money LLC (Nasdaq:LPLA} announced currently that Riolo Money Team has joined LPL Financial’s broker-seller, corporate registered expense advisor (RIA) and custodial platforms. The staff noted obtaining served somewhere around $250 million in advisory and brokerage belongings*. They join LPL from Ameriprise Money.
Centered in New City, N.Y., the planning-centered practice was established in 2014 when market veteran Dominick Riolo CFP®, teamed up with his son, Frank Riolo CFP®. With the go to LPL, their longtime colleague Lisa Sherman CFP®, officially joins the staff. The a few fiscal advisors are assisted by two business office assistance workers users. “We work to make confident every consumer has a roadmap that will take their whole fiscal picture into account and adapts to their altering demands,” Dominick Riolo claimed.
Immediately after in depth because of diligence, which incorporated interviewing 6 firms and talking with their respective advisors, the staff selected to lover with LPL for the up coming chapter of their enterprise. “With so substantially consolidation in the fiscal assistance market, it was important for us to affiliate with a major wealth management firm. As a publicly traded firm, we believe LPL can give our enterprise and clients with prolonged-term steadiness in this ever-altering world,” Riolo claimed. “Additionally, the go to LPL allows us to have more independence in how we operate. LPL thoroughly supports its advisors as impartial enterprise proprietors we are not calculated in opposition to other advisors, and LPL does not develop conflict by presenting proprietary fiscal goods.”
Scott Posner, LPL executive vice president, Small business Progress, said, “On behalf of the whole LPL local community, we lengthen a heat welcome to Dom, Frank and Lisa. We are proud they regarded our steadiness as a gain to their practice and clients. We are dedicated to our advisors’ achievements and will carry on to devote in modern abilities and robust enterprise remedies developed to enable them thrive. We seem forward to a prolonged-lasting relationship with the whole staff at Riolo Money Team.”
Read about other firms that recently joined LPL in the LPL Money News and Media section of LPL.com.
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About LPL Money
LPL Money (Nasdaq: LPLA) was established on the principle that the firm need to work for the advisor, and not the other way all around. These days, LPL is a leader** in the marketplaces we serve, supporting more than 19,000 fiscal advisors, 800 establishment-centered expense systems and 450 impartial RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the perception that Individuals ought to have accessibility to objective direction from a fiscal advisor. At LPL, independence signifies that advisors have the independence they ought to have to pick the enterprise model, providers, and engineering methods that enable them to operate their perfect practice. And they have the independence to take care of their consumer relationships, due to the fact they know their clients ideal. Only set, we take care of our advisors, so they can take care of their clients.
** Leading RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. 1 Unbiased Broker-Dealer in the U.S (Centered on complete revenues, Money Arranging magazine 1996-2021) No. 1 provider of 3rd-social gathering brokerage providers to banks and credit history unions (2020-2021 Kehrer Bielan Exploration & Consulting Once-a-year TPM Report) Fortune 500 as of June 2021
*Centered on prior enterprise and represents belongings that would have been custodied at LPL Money, somewhat than 3rd-social gathering custodians. Described belongings and consumer figures have not been independently and thoroughly verified by LPL Money.
Securities and advisory providers offered via LPL Money LLC, an SEC- registered broker-seller and expense advisor. Member FINRA/ SIPC
During this interaction, the terms “financial advisors” and “advisors” are utilised to refer to registered representatives and/or expense advisor representatives affiliated with LPL Money LLC. We routinely disclose facts that may possibly be important to shareholders in the “Investor Relations” or “Press Releases” section of our web-site.
Riolo Money Team and LPL Money are different entities.
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