Prominent Partnership Between Northern Advisory Group and LPL Financial
LPL Financial LLC has recently announced a significant addition to its platform with the joining of 10 financial advisors from Northern Advisory Group. This team brings approximately $300 million in advisory, brokerage, and retirement plan assets as they transition from Osaic to LPL Financial's services.
Founded in 2004 by partners Richard DiTaranto, Brian DiBrino, and Jeff Miller, Northern Advisory Group has established a strong reputation over their eight decades of combined wealth management experience. Headquartered in Fairfield, N.J., the advisory team includes specialists such as Anthony Fresella, Daniel Greenwood, Griffin Durand, Robert Kelley, Seamus Nelson, Jaret Mittenthal, and Damien DiTaranto, who is Richard’s son. Together, they emphasize a comprehensive approach to achieving client financial objectives.
Understanding Client Goals
DiBrino emphasized the importance of understanding client goals, both short and long-term. “We really take the time to understand our clients’ fiscal goals — by asking them where they would like to be in 10-, 15-, or even 20-years,” he noted. With this information, they craft tailored financial plans, ensuring client involvement and adaptability over time to enhance their journey towards achieving financial milestones.
Client education plays a crucial role in their strategy, as DiTaranto highlighted the necessity of empowering clients to engage actively with their financial futures. The philosophy centers around encouraging questions and fostering informed clients who understand how their investments operate. “After all, the best client is an educated client,” he remarked.
Transitioning to Enhanced Services at LPL
Seeking better technology and service experiences, the Northern Advisory team undertook a thorough evaluation process before deciding to partner with LPL Financial. DiBrino shared a memorable moment during their campus visit that solidified their decision. He recalled, “Within 15 minutes of our visit, I knew LPL was the right fit for us. It was apparent that they prioritize their clients, and their commitment to service stood out.” During the visit, they learned that 90% of calls to LPL are answered by a live person within 30 seconds, with many issues resolved in that first call.
“Choosing LPL is a strategic move that will enhance our service to clients and allow us to build a generational business model,” DiTaranto added, highlighting their commitment to sustainable growth with LPL’s robust offerings.
Acknowledging the Arrival of Northern Advisory Group
Scott Posner, Managing Director of Business Development at LPL, expressed excitement about the partnership. He welcomed the Northern Advisory Group team, recognizing their contributions as they embark on this new chapter. He stated that LPL is dedicated to providing innovative technological solutions that empower advisors to distinguish themselves and elevate client value. LPL looks forward to supporting Northern Advisory Group in their future endeavors.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is distinguished as one of the fastest-growing wealth management firms in the U.S. With a vast network, nearly 29,000 financial advisors rely on LPL to support the management practices of around 1,200 financial institutions. The firm oversees approximately $1.7 trillion in brokerage and advisory assets on behalf of about 6 million Americans. LPL offers a diverse array of advisor affiliation models, investment options, technology resources, and practice management services, allowing advisors to customize how they run their businesses.
For those interested in discovering what LPL Financial has to offer, they are encouraged to explore the extensive range of support available to grow their advisory practices.
Frequently Asked Questions
What led Northern Advisory Group to join LPL Financial?
The team sought enhanced service experiences, a larger technology platform, and improved client engagement opportunities, leading to their decision to join LPL Financial.
Who are the key members of Northern Advisory Group?
Northern Advisory Group is led by Richard DiTaranto, Brian DiBrino, and Jeff Miller, along with several other advisors with significant expertise in wealth management.
What is LPL Financial’s commitment to its advisors?
LPL Financial is dedicated to providing innovative technology and comprehensive business solutions that help advisors differentiate their practices and increase value for their clients.
What does the transition mean for clients of Northern Advisory Group?
The transition aims to enhance client services and provide advanced technology, enabling the team to deliver a higher standard of financial advisory while achieving long-term fiscal goals.
How can potential clients get in touch with Northern Advisory Group?
Potential clients can reach out to Northern Advisory Group through their official contact channels to learn more about their services and how they can assist with financial planning.
