LPL Financial Welcomes Bury Financial Group to Its Family
LPL Financial LLC has announced an exciting new integration with Bury Financial Group, enhancing its extensive broker-dealer, RIA, and custodial platforms. This partnership represents a significant milestone, as Bury Financial Group has successfully managed around $655 million in advisory, brokerage, and retirement plan assets. They are transitioning from Osaic to leverage the outstanding resources and support provided by LPL.
Introducing Bury Financial Group
Bury Financial Group was founded in Youngstown, Ohio, in 1992 by Todd Bury, who serves as President and Managing Partner. Starting this journey as a college sophomore, Todd showed exceptional commitment and earned his financial planning license by the age of 20. After operating independently for more than ten years, he teamed up with Brian Laraway in 2006, marking a new chapter for the firm that emphasized a more collaborative approach to wealth management.
Strong Team Formation
Today, Bury Financial Group has a solid team that includes partners David Maxwell, Gregory Gett, and Kelcie Schiraldi, along with dedicated advisors Nicholas Romeo and Sarah Bury. The support staff plays a vital role in the firm’s operations and client satisfaction, with notable members like Vice President of Operations Kelly Frammartino, paraplanners Bill Nock and Alexander Baker, and client service representatives Jocelyn Palowitz and Amanda Peffer.
Emphasis on Client Relationships
Todd Bury places a strong emphasis on building close relationships with clients, asserting, "We treat our clients like family." The philosophy at Bury Financial Group revolves around empowering clients to lead fulfilling lives, highlighting the importance of personalized attention and strong bonds between clients and advisors, which is central to their business model.
Why Partner with LPL Financial?
In their quest for excellence, Bury Financial Group sought a partner aligned with their vision. By collaborating with LPL Financial, they enhance their access to advanced resources that will improve their service offerings and client experiences. Brian Laraway, Vice President and Managing Partner, is enthusiastic about this partnership, noting, "LPL is committed to independence and providing ultimate flexibility. This allows us to offer a wide variety of investment solutions to our clients. With this collaboration, we elevate our brand and aim to exceed client expectations."
LPL Financial's Dedication to Advisors
Scott Posner, Executive Vice President of Business Development at LPL Financial, warmly welcomed Bury Financial Group into the LPL family. He reiterated LPL’s commitment to delivering distinct services and innovative solutions that empower advisors to build fulfilling and sophisticated practices. This ensures that advisors like those at Bury Financial can provide exceptional experiences for their clients.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) operates on the principle of supporting advisors and institutions. Today, LPL Financial stands as a leader in the financial services sector, serving over 23,000 advisors through approximately 1,000 institutions and around 580 registered investment advisor firms across the nation. The firm prioritizes independent advisor-led business models, enabling professionals to select the services and technology resources that best meet their unique needs.
Central to LPL’s philosophy is the belief that every advisor deserves the independence to manage their client relationships according to their unique insights and expertise. This freedom empowers them to create personalized practices that resonate deeply with the diverse needs of their clients.
Frequently Asked Questions
What does the partnership between LPL Financial and Bury Financial Group involve?
The partnership consists of Bury Financial Group integrating with 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 follows a collaborative wealth management model, emphasizing long-term client relationships and personalized services.
Who are the key team members at Bury Financial Group?
The team 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 equips its advisors with a comprehensive range of investment products, advanced technology resources, and an open architecture platform that supports independence in operations.
How does LPL Financial ensure client satisfaction?
LPL Financial's model focuses on empowering its advisors with the tools and flexibility necessary to manage client relationships effectively, thereby fostering personalized guidance and support.
