LPL Financial Expands Service Offerings with Bury Financial Group

LPL Financial Expands Service Offerings with Bury Financial Group

LPL Financial LLC has recently announced the exciting integration of Bury Financial Group into its expansive broker-dealer, RIA, and custodial platforms. This partnership marks a significant milestone as Bury Financial Group has successfully managed approximately $655 million in advisory, brokerage, and retirement plan assets, transitioning over from Osaic to leverage LPL's extensive resources and support.

The Origins of Bury Financial Group

Established in Youngstown, Ohio, by President and Managing Partner Todd Bury in 1992, Bury Financial Group embarked on its journey while he was still a college sophomore. Demonstrating a remarkable commitment to his career, Todd earned his financial planning license by the age of 20. Initially operating independently for over a decade, Todd built a solid client base before collaborating with Brian Laraway in 2006. Their partnership opened the door to a new era for the firm, emphasizing a collaborative approach to wealth management.

Building a Strong Team

Today, Bury Financial Group boasts a robust team comprising partners David Maxwell, Gregory Gett, and Kelcie Schiraldi, alongside dedicated advisors Nicholas Romeo and Sarah Bury. The team's support staff, including Vice President of Operations Kelly Frammartino, paraplanners Bill Nock and Alexander Baker, and client service members Jocelyn Palowitz and Amanda Peffer, are crucial in maintaining the firm’s process and client satisfaction.

A Focus on Client Relationships

Todd Bury emphasizes the firm's commitment to nurturing close relationships with clients, stating, "We treat our clients like family." The firm's philosophy revolves around empowering clients to lead more fulfilling lives, underscoring the importance of personalized attention and strong client-advisor bonds, a hallmark of their business model.

Why LPL Financial?

In their pursuit of excellence, Bury Financial Group recognized the need for a partner that shared their vision. By joining forces with LPL Financial, they gain access to sophisticated resources designed to enhance service offerings and elevate client experiences. Brian Laraway, Vice President and Managing Partner, expressed excitement about the partnership, stating, "LPL is dedicated to independence and providing ultimate flexibility. This empowers us to offer a broad spectrum of investment solutions to our clients. With this collaboration, we strengthen our brand to meet and exceed client expectations."

LPL Financial’s Commitment to Its Advisors

Scott Posner, Executive Vice President of Business Development at LPL Financial, welcomed Bury Financial Group to the LPL family. He affirmed LPL’s commitment to providing differentiated services and innovative solutions that help advisors build sophisticated and fulfilling practices. This approach ensures that advisors like those at Bury Financial can deliver exceptional experiences to their clients.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) operates based on the principle that its mission is to support advisors and institutions. Today, LPL Financial stands as a leader within the sector, serving over 23,000 advisors across roughly 1,000 institutions and approximately 580 registered investment advisor firms nationwide. The firm prioritizes independent advisor-led business models, allowing professionals to choose services and technology resources best suited to their practice needs.

At the heart of LPL’s philosophy is the belief that every advisor deserves the independence to manage their client relationships according to their unique understanding and expertise. This level of freedom empowers them to build highly personalized practices that resonate with clients' diverse needs.

Frequently Asked Questions

What does the partnership between LPL Financial and Bury Financial Group involve?

The partnership involves Bury Financial Group joining LPL Financial’s broker-dealer and custodial platforms to enhance their offerings and service to clients.

What is the primary business model of Bury Financial Group?

Bury Financial Group operates on a collaborative wealth management model, focusing on long-term client relationships and personalized services.

Who are the key team members at Bury Financial Group?

The firm includes partners Todd Bury, Brian Laraway, David Maxwell, Gregory Gett, and Kelcie Schiraldi, along with advisors Nicholas Romeo and Sarah Bury.

What unique services does LPL Financial offer its advisors?

LPL Financial provides its advisors with a broad range of investment products, advanced technology resources, and an open architecture platform that supports independent operations.

How does LPL Financial ensure client satisfaction?

LPL Financial's model focuses on empowering its advisors with the tools and flexibility needed to manage client relationships effectively, fostering personalized guidance and support.

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