Office of Supervisory Jurisdiction (OSJ) manager and financial advisor Salvatore Dispenziere III and a team of six financial advisors have joined LPL Financial’s broker-dealer and corporate registered investment advisor platforms, according to a news release.
The team was formerly with Sagepoint Financial, a part of the Advisor Group network of broker-dealers, where they managed $225 million in brokerage and advisory assets.
Dispenziere is president of the Sparta, N.J.-based Elite Retirement Consultants, where he serves the financial needs of individuals and business owners. As manager of an OSJ, Dispenziere works closely with financial advisors Nuri Gunes Jr., David Buys II and Enrico Brex, all part of the Elite team, as well as financial advisors Patrick Bivona, Ken Rosenblum and Mark Likes, who operate individual practices.
Dispenziere, who built his business through referrals, mergers and acquisitions, is reportedly looking to expand the firm beyond its New Jersey location. LPL’s turn-key, end-to-end M&A solution will allow him to execute an acquisition strategy that includes practice valuations, acquisition financing and integration support.