Lasalle St. Recruits Philadelphia-Area Investment Advisory Practice
LaSalle St., a family of wealth management firms, has recruited Retirement Planning Specialists, an investment advisory practice in the Philadelphia area with $200 million in total client assets.
LaSalle St., a family of wealth management firms, has recruited Retirement Planning Specialists, an investment advisory practice in the Philadelphia area with $200 million in total client assets. The firm is joining LaSalle St.’s corporate RIA platform, LaSalle St. Investment Advisors.
Led by chief executive officer and founder Joe Sarappo, Retirement Planning Specialists focuses on helping individual investors and families save for retirement, as well as providing estate, tax and life insurance planning services. The practice was an independent RIA before Sarappo, a 33-year veteran of the financial advice space, and his three fellow investment advisors, Christopher Sacco, James Cuorato and Kyle Jennings, decided to join LaSalle St.
As part of the transition, Retirement Planning Specialists has withdrawn its SEC registration, but it will maintain its brand and independence. The firm’s client accounts will continue to be custodied with Fidelity through LaSalle St.’s existing relationship with that firm. In order to continue to serve the small number of brokerage accounts in their book, Sarappo and Sacco have also affiliated with LaSalle St.’s broker-dealer platform.
LaSalle St. is a family of firms comprising LaSalle St. Securities, an independent broker-dealer; LaSalle St. Investment Advisors, a SEC-registered investment adviser; and LaSalle St. Insurance Services, a provider of annuity and insurance products. Founded in 1974 and based in Chicago, Illinois, LaSalle St. supports more than 300 financial advisors, has more than $12 billion in total client assets.
