Strata Financial Group Joins LPL Financial to Enhance Client Services and Financial Planning Solutions
Strata Financial Group Joins LPL Financial to Enhance Client Services and Financial Planning Solutions
Strata Financial Group's advisors joined LPL Financial to enhance client service with better resources and technology support.
Quiver AI Summary
LPL Financial LLC announced that financial advisors Anthony Campagni, Ronald Jurczynski, Mitchell Romeo, Kyle Hancharick, and Dominic Elmo from Ohio's Strata Financial Group have joined its broker-dealer, RIA, and custodial platforms. The team, which serves over $350 million in assets, aims to enhance their personalized financial services by partnering with LPL to access advanced technologies and resources. Founded in 1998, Strata Financial Group focuses on comprehensive financial planning, tax strategies, and wealth preservation for clients nationwide. The advisors highlighted LPL's commitment to transparency, service, and innovation as key reasons for their move, emphasizing their goal to improve client experiences through these enhanced capabilities.
Potential Positives
- Strata Financial Group's transition to LPL Financial brings over $350 million in advisory, brokerage, and retirement plan assets, significantly boosting LPL's asset management footprint.
- The addition of five experienced financial advisors enhances LPL's offering, allowing for a broader range of personalized financial services to clients.
- Strata's focus on tax strategies and comprehensive financial planning aligns with LPL's commitment to empowering independent advisors, enhancing LPL's market reputation.
- By partnering with LPL, Strata Financial Group gains access to advanced resources and technology, indicating LPL's capability to support growth and innovation for advisor teams.
Potential Negatives
- Transfer of financial advisors from Osaic to LPL Financial may indicate potential instability or dissatisfaction within Osaic, which could raise questions about LPL's competitive position in the market.
- The partnership reflects a growing trend where advisors seek enhanced resources and support, which may imply that LPL has been perceived as a more reliable option compared to its competitors.
- While LPL Financial has grown its advisor base, this influx could strain LPL's resources and operational support systems, potentially impacting service quality for existing advisors and clients.
FAQ
Who are the new advisors joining LPL Financial?
The new advisors include Anthony Campagni, Ronald Jurczynski, Mitchell Romeo, Kyle Hancharick, and Dominic Elmo from Strata Financial Group.
What assets do the Strata Financial advisors manage?
The advisors reported serving more than $350 million in advisory, brokerage, and retirement plan assets.
Why did Strata Financial Group choose LPL Financial?
They chose LPL for its transparency, operational support, enhanced resources, and commitment to top-tier client service.
What services does Strata Financial Group provide?
Strata offers personalized financial plans, tax strategies, retirement preparation, investment planning, and wealth preservation.
Who leads Strata Financial Group?
Strata is led by partners Anthony Campagni, Ronald Jurczynski, and Mitchell Romeo, along with support staff.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LPLA Congressional Stock Trading
Members of Congress have traded $LPLA stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here's a breakdown of recent trading of $LPLA stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 07/18.
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$LPLA Insider Trading Activity
$LPLA insiders have traded $LPLA stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here's a breakdown of recent trading of $LPLA stock by insiders over the last 6 months:
- DAN H. ARNOLD (President & CEO) sold 5,677 shares.
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$LPLA Hedge Fund Activity
We have seen 313 institutional investors add shares of $LPLA stock to their portfolio, and 402 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,577,102 shares (-100.0%) from their portfolio in Q3 2024
- PRICE T ROWE ASSOCIATES INC /MD/ removed 1,483,931 shares (-70.7%) from their portfolio in Q3 2024
- BOSTON PARTNERS added 1,212,715 shares (+64.3%) to their portfolio in Q3 2024
- FIRST TRUST ADVISORS LP added 901,509 shares (+1007.0%) to their portfolio in Q3 2024
- MARSHALL WACE, LLP added 863,254 shares (+inf%) to their portfolio in Q3 2024
- FMR LLC added 650,675 shares (+24.4%) to their portfolio in Q3 2024
- MORGAN STANLEY removed 596,159 shares (-40.6%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN DIEGO, Nov. 20, 2024 (GLOBE NEWSWIRE) --
LPL Financial LLC
, announced today that financial advisors Anthony "Tony" Campagni, CFP
, Ronald Jurczynski, CPA/PFS, Mitchell Romeo, CPWA
, CPFA
, Kyle Hancharick, CFP
, and Dominic Elmo of Ohio-based
Strata Financial Group
have joined LPL Financial's broker-dealer, RIA and custodial platforms. The advisors reported serving more than $350 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic.
Strata Financial Group was founded in 1998 by Campagni and the late Rino Romeo — Mitchell Romeo's uncle — and currently operates in two Ohio locations: Sheffield Village, where the team serves the greater Cleveland area, and Dublin, serving the Columbus area. The advisors take a team-based approach to offering personalized strategic financial plans, tax strategies, retirement preparation, investment planning and wealth preservation to clients across the nation. Strata is led by partners Campagni, Jurczynski and Mitchell Romeo and includes support staff members Emily Dohnenko and Shayla Svetgoff.
"Our team is dedicated to providing comprehensive financial services for busy professionals, executives, business owners and families who are looking for a partner to help them maximize their wealth," said Campagni. "With a unique focus on tax and financial planning in an ever-changing environment, we empower our clients to make well-informed decisions and create tailored plans that prioritize their financial goals."
Why the team chose LPL
To further their commitment to top-tier client service, Strata Financial Group turned to LPL Financial. By partnering with LPL, the team now has access to enhanced resources, operational support and advanced technologies to help clients pursue their financial goals.
"We were drawn to LPL because of its transparency and robust public presence," said Romeo. "LPL's commitment to service and technology is evident, and it's clear LPL prioritizes supporting advisors and their staff, so Strata Financial Group can have more time to focus on servicing our clients."
Jurczynski added, "Our goal is to leverage LPL's vast resources to provide the highest level of service to our clients, from consolidated reporting to being able to access a broader range of investment and insurance solutions. This will allow Strata Financial Group to continue to try to improve and create differentiated experiences for clients."
Scott Posner, LPL Executive Vice President, Business Development, said, "We welcome Tony, Ronald, Mitchell, Kyle and Dominic to LPL Financial. At LPL, we are steadfast in our commitment to supporting independent advisors. Our platform is designed to empower these professionals with industry-leading resources, innovative technology and dedicated services that enable advisors to serve their clients their way. We look forward to supporting Strata Financial Group for years to come."
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About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 28,000 financial advisors, including advisors at more than 1,000 institutions and nearly 600 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business
their
way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
Securities and Advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor.
Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Strata Financial Group, LLC., and LPL are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "
Investor Relations
" or "
Press Releases
" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2023.
Media Contact:
Media.relations@LPLFinancial.com
(704) 996-1840
Tracking #657495
