Financial services firm Truvium Wealth Management has joined Stratos Wealth Partners, a network of independent financial advisors headquartered in Beachwood, Ohio, Stratos announced.

Truvium is headed by Scott Gegerson and has $120 million in brokerage and advisory assets under management. Stratos Wealth Partners is affiliated with LPL Financial.

The transition is part of a succession plan for founder and CEO Nick Palumbo, who will remain at Truvium Wealth Management as a strategic partner. Truvium Wealth Management was previously part of Truvium Financial Group and Park Avenue Securities.

Truvium provides comprehensive wealth management and financial planning for executives, business owners and families. Mary Cusumano, a client services specialist, is joining Truvium as part of the transition to independence. The team will open a new office in Garden City, N.Y.

Stratos Wealth Partners, of which Stratos Wealth Management is a part, is one of LPL Financial’s largest affiliates with $16.5 billion in AUM and a recent growth history through acquisition and recruiting.