LPL Financial Recruits Former Royal Alliance Firm
LPL Financial LLC, the nation’s largest independent broker-dealer, has added The Fox Alliance to its broker-dealer, corporate registered investment advisor, and custodial platforms.
LPL Financial LLC, the nation’s largest independent broker-dealer, has added The Monteverde Group to its broker-dealer, corporate registered investment advisor, and custodial platforms.
Monteverde’s team of eight advisors serves approximately $440 million in advisory, brokerage and retirement plan assets, and joins from Royal Alliance, part of the Advisor Group network of broker-dealers.
President and chief executive officer James Monteverde founded the Pittsburg-based company as a solo insurance practice after he graduated college 51 years ago. The company eventually morphed into a full-service firm with a multidisciplinary approach to wealth management, financial and retirement planning, and implementation of holistic estate tax planning strategies.
The team also includes managing partner Craig Shensa, who joined the firm in 2001, and partners Dan Martin and Wendy Asterino.
“We define our role as advocates on behalf of businesses and families who require specialized financial and advisory services. We ensure that the financial and tax planning strategies we provide are based upon extensive market research, financial insight and comprehensive planning with independence and integrity,” said Monteverde, past president of NAIFA-Pittsburgh and the Pennsylvania Association of Insurance and Financial Advisors.
LPL Financial provides service to approximately $903 billion in brokerage and advisory assets as of December 31, 2020. The company provides proprietary technology, clearing services, practice management programs and training, and independent research to 17,287 financial advisors.
