LPL Financial Welcomes Investment Advisors Financial Group
24 Juillet 2024 - 2:55PM
LPL Financial LLC announced today that the advisors of Investment
Advisors Financial Group have joined LPL Financial’s broker-dealer,
RIA and custodial platforms. The team reported having served
approximately $1 billion in advisory, brokerage and retirement plan
assets* and joins LPL from Osaic.
Founded in 1979 by Thomas E. Musumeci and headquartered in
Eatontown, N.J., Investment Advisors Financial Group includes a
diverse mix of advisors with backgrounds in accounting, finance,
tax and investments who work together to address each client’s
unique wealth management needs. The group, which is led by
Musumeci, James Flannery and Annie Silvestro — Musumeci's daughter
— consists of 22 advisors and eight associates and administrative
staff.
Musumeci, who has more than five decades of experience in the
industry, continues to play an active role at the firm as
President, employing his years of experience to provide sound
fiscal advice and mentorship of junior advisors. His son, Tom, is
also a top-producing advisor in the practice. Investment Advisors
Financial Group recently welcomed a new intern and looks forward to
continuing Musumeci’s legacy of developing the skills of the next
generation.
“I had the privilege of growing up in the business, and a big
part of that was observing the relationships my father formed with
a variety of clients,” Silvestro said. “My father created a
practice where anyone who wanted help creating and building wealth
could get it, regardless of the size of their accounts, and we are
proud to continue his legacy today.”
It was the team's desire for more autonomy, paired with the
aspiration to elevate their clients’ experiences through integrated
technology and robust services, that led them to LPL Financial.
“At Investment Advisors Financial Group, we are a full-service
organization that takes an innovative team approach that aims to
help clients meet their financial goals and advisors to be as
successful as they want to be,” Flannery said. “Four decades ago,
Tom established a practice that has become a legacy for its
advisors, staff and clients. Partnering with LPL and utilizing
their extensive services and platform will help us take our
next-level client experience further.”
Scott Posner, LPL Executive Vice President, Business
Development, added, “We welcome Thomas, James, Annie and the entire
Investment Advisors Financial Group to LPL and look forward to
supporting the continued growth and evolution of their firm. At
LPL, we applaud their strategic and team-focused approach to
helping their clients work toward their financial objectives, and
we are proud to support them with differentiated technology,
business solutions and innovative wealth management platforms
designed to create a heightened client experience.”
Related
Advisors, find your perfect fit at LPL.
About LPL FinancialLPL Financial Holdings Inc.
(Nasdaq: LPLA) was founded on the principle that LPL should work
for advisors and institutions, and not the other way around. Today,
LPL is a leader in the markets we serve, serving nearly 23,000
financial advisors, including advisors at approximately 1,100
institutions and at approximately 570 registered investment advisor
("RIA") firms nationwide. We are steadfast in our commitment to the
advisor-mediated model and the belief that Americans deserve access
to personalized guidance from a financial professional. At LPL,
independence means that advisors and institution leaders have the
freedom they deserve to choose the business model, services and
technology resources that allow them to run a thriving business.
They have the flexibility to do business their way. And they have
the freedom to manage their client relationships, because they know
their clients best. Simply put, we take care of our advisors and
institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial
LLC ("LPL Financial"), a registered investment advisor. Member
FINRA/SIPC. LPL Financial and its affiliated companies provide
financial services only from the United States. Investment Advisors
Financial Group and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors”
and “advisors” are used to refer to registered representatives
and/or investment advisor representatives affiliated with LPL
Financial.
We routinely disclose information that may be important to
shareholders in the "Investor Relations" or "Press Releases"
section of our website.
*Value approximated based on asset and holding details provided
to LPL from end of year, 2023.
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