Scott LoPresti and Dean DiPierro, financial advisors managing about $500 million in client assets in Croton-on-Hudson, N.Y., have joined Radnor, Pa.-based Lincoln Financial Network (LFN), the retail wealth management affiliate of Lincoln Financial Group, the firm said.
LoPresti and DiPierro are registered with LFN’s independent broker-dealer Lincoln Financial Advisors (LFA). John DiMonda, senior vice president and head of LFA, said in a news release announcing the affiliation that it would strengthen his firm’s presence in New York’s Hudson Valley, where LoPresti and DiPierro are based.
“Scott and Dean bring a wealth of financial planning experience to our firm and a shared commitment to providing advice and guidance that helps clients secure their financial futures,” DiMonda said. “We’re excited to welcome these two high-caliber financial professionals into the LFA family ... while providing Scott and Dean [with] the resources, scale and backing of a Fortune 200 company. We look forward to supporting them as they grow their business, evolve their practice and serve their clients.”
LoPresti and DiPierro, who bring three decades of combined financial planning experience to the new partnership, were formerly with LPL Financial.
“Thanks to Lincoln, we have a dedicated team that took the time to understand our business and then give us the attention and support we need to help grow,” LoPresti said in the news release. “The resources we now have are in lock-step alignment with the strategic direction of our business, and most importantly ensure our clients are fully supported.”
LoPresti said he began working in the financial services industry in 2005 after having worked the past nine years in the telecommunications industry, and originally founded his practice with a focus on physicians.
“I worked as a one-person practice until 2016, when I realized that my practice had grown to a level where I could no longer manage it on my own,” he said in an email.
LoPresti said that since he had known DiPierro for many years, and because he also worked in the financial services field, LoPresti asked him to join the practice as a partner.