Former Merrill Lynch Advisors with $270 Million in Assets Join LPL Financial

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Roger Relucio, Pasqualino “Pat” Ruffa and David Kraus have joined LPL Financial to launch a new independent practice, Breakaway Wealth Management.

They chose to affiliate with LPL’s supported independence model, LPL Strategic Wealth Services.

Breakaway Wealth Management reported having served approximately $270 million in advisory, brokerage and retirement plan assets, and joins LPL from Merrill Lynch.

Based in Hoboken, New Jersey, financial firm is led by managing partner and founder, Relucio, who has spent the past 12 years building a team of specialists. He also created an internship program, where he mentored Ruffa and Kraus prior to hiring them as advisors after college. Rounding out the team is client services associate Jenna Looney.

“We offer straightforward, actionable advice and financial strategies that are both comprehensive and easy to understand,” Relucio said. “Our job is to empower our clients, not overwhelm them.”

LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

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