Press release
LPL Financial Welcomes Investment Advisors Financial Group
SAN DIEGO, July 24, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of Investment Advisors Financial Group have joined LPL
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"SAN DIEGO, July 24, 2024 (GLOBE NEWSWIRE) -- 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 Tho...