CHARLOTTE, N.C., Dec. 07, 2020 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA), a number one retail funding advisory agency, unbiased broker-dealer and registered funding advisor (RIA) custodian, right now introduced that Rosemont Monetary Group has joined LPL Monetary’s broker-dealer and company RIA platforms, leveraging LPL as custodian. The advisors reported having served roughly $900 million in advisory, brokerage and retirement plan belongings*. They be a part of LPL from Cambridge Funding Analysis Advisors.
Rosemont was created in 2010 by 5 associates of a worldwide monetary agency seeking to deliver added worth, expertise and teamwork to each their current shopper base and potential new shoppers. The Albany, N.Y.-based crew has grown to incorporate 11 monetary advisors: President Steven Novotny, CFP®, Vice President Paul Coluccio, CFP®, René. Farrington, AIF, CFP®, Christopher Gilbert, Cody Wojdyla CFP®, Judith Odell, CPA, Ross Fábregas, Joseph Turo, CPA, Christopher Dacey, Lorraine Reith, and Christopher Noonan, AIF. They’re supported by a buying and selling assistant and a five-member workplace assist crew, which incorporates two accountants.
The Rosemont crew gives complete wealth administration and monetary planning to companies, households and people with a mission to assist shoppers “acquire by way of confidence,” a tagline for the enterprise. The agency supplies a variety of companies together with funding analytics, government compensation, portfolio administration, retirement planning and property planning, in addition to tax help from the agency’s CPAs.
Covid-19 prompted the agency to search for a brand new accomplice. Novotny acknowledged, “With extra shoppers at residence, seeking to entry their data on-line or by way of convention calls, we acknowledged the necessity to discover a accomplice that provides enhanced expertise. LPL stood out as an trade chief, with an internet portal that’s simple for our shoppers to make use of and navigate. And for our advisors, with all the things built-in into one platform, it’s simpler to handle our enterprise and put extra time towards working with our shoppers.”
Moreover, Novotny mentioned the truth that LPL is self-clearing permits the crew to save lots of time and prices. He additionally appreciates LPL’s in-depth analysis that he can use to assist shoppers make extra sense of the monetary panorama and funding methods.
“We welcome the complete Rosemont crew to the LPL household,” mentioned Wealthy Steinmeier, LPL Monetary managing director and divisional president, Enterprise Growth. “Advisors have demonstrated a outstanding dedication to shoppers this yr, whilst they moved to a digital position. However the experiences of this yr shined much more mild on the position expertise, digital capabilities and partnership play in an advisor’s observe. Advisors want sturdy sources to distinguish the shopper expertise and to handle a resilient observe. We’ll proceed to put money into the capabilities and options that assist advisors develop worth with their shoppers and for his or her enterprise. We look ahead to a long-lasting relationship with Rosemont Monetary Group.”
Examine different corporations that not too long ago joined LPL within the LPL Financial News and Media section of LPL.com.
Advisors, discover an LPL business development representative close to you.
About LPL Monetary
LPL Monetary (https://www.lpl.com) is a frontrunner within the retail monetary recommendation market, the nation’s largest unbiased broker-dealer** and a number one custodian (or supplier of custodial companies) to RIAs. We serve unbiased monetary advisors, professionals and monetary establishments, offering them with the expertise, analysis, clearing and compliance companies, and observe administration applications they should create and develop thriving practices. LPL permits them to supply goal steering to hundreds of thousands of American households looking for wealth administration, retirement planning, monetary planning and asset administration options.
*Primarily based on prior enterprise and represents belongings that will have been custodied at LPL Monetary, fairly than third-party custodians. Reported belongings and shopper numbers haven’t been independently and totally verified by LPL Monetary.
**Primarily based on complete revenues, Monetary Planning journal June 1996-2020.
Securities and advisory companies provided by way of LPL Monetary LLC, an SEC- registered broker-dealer and funding advisor. Member FINRA/SIPC.
All through this communication, the phrases “monetary advisors” and “advisors” are used to confer with registered representatives and/or funding advisor representatives affiliated with LPL Monetary LLC. We routinely disclose data which may be vital to shareholders within the “Investor Relations” or “Press Releases” part of our web site.
Rosemont Monetary Group and LPL Monetary are separate entities. Tax and Accounting associated companies are provided by way of Rosemont Monetary Group. LPL Monetary doesn’t supply tax recommendation or accounting associated companies.
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