LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Isaac J. Hart, Robert Entwistle Jr., Matthew L Malvitz and Sam Asani, have joined LPL Financial to launch a new independent office, Omnia Wealth Group.
Prior to joining LPL from Edward Jones, the group reported having served an aggregate of approximately $400 million in advisory, brokerage and retirement plan assets.
Based in Elkhorn, Wisconsin, LPL says the advisors are all close family friends who decided to form a group in an effort to expand their resources, create efficiencies and “deliver the highest value to their clients.” They each have more than a decade of experience in the financial services industry.
“We all run similar practices, share the same client-centric values and appreciate the family-oriented Midwestern culture, so it made sense for us to come together under one umbrella,” Entwistle said. “By making this move, we will be able to grow our individual client base and leverage each other as resources, build out our own joint brand, scale up and tap into LPL’s vast experience and technology. We’re all friends, so it’s awesome we can do this together and start something bigger.”
LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.