LPL Financial announced today that it has added Summit Planning Group, a Connecticut firm with seven advisors managing about $750 million in advisory, brokerage and retirement plan assets.
The seven advisors—Brian Onofrio, David Koncz, Karl Zirolli, Jay Pinto, Frank Navario, Alison G. Gaffney and Ben Onofrio—joined LPL’s broker-dealer, RIA and custodial platforms from Lincoln Financial, boosting the firm’s presence in the Northeast.
The team has registered offices in Branford and Glastonbury, Conn. according to an LPL press release. San Diego-based LPL, the nation's largest independent brokerage firm, added that Summit Planning, founded in 1995, brings together a diverse advisors with backgrounds in accounting, finance, tax and investments.
“As entrepreneurs and independent advisors, we take the time to provide customized plans and ongoing guidance for each client’s financial situation,” Onofrio said in a statement. “We pride ourselves on our ability to truly understand our clients and communicate complex ideas in a straightforward, simple format.”
The advisor also cited LPLs heavy investment in “industry-leading capabilities” and strategic business resources. "We believe LPL puts our clients in a better suited position as they seek to maximize their returns and reduce risks, all while receiving a higher level of service,” the advisor added. “Ultimately, we believe that everything LPL offers will help us with the ease of doing business, freeing up more time to spend with clients.”