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LPL Financial Recruits Former Securities America Firm with $130 Million in Assets

LPL Financial Recruits Former Securities America Firm with $130 Million in Assets. Adviser, broker, broker-dealer, financial services, investment adviser, LPL Financial, registered investment adviser, RIA
LPL Financial Recruits Former Securities America Firm with $130 Million in Assets. Adviser, broker, broker-dealer, financial services, investment adviser, LPL Financial, registered investment adviser, RIA

LPL Financial, the nation’s largest independent broker-dealer, announced that financial advisors Michael Gandet Jr., Mark Choinski and Arthur Sisco of Oak Tree Financial Group have joined LPL Financial’s broker-dealer, RIA and custodial platforms.

Oak Tree Financial reported having served approximately $130 million in advisory, brokerage and retirement plan assets, and join LPL from Securities America, part of the Osaic network (formerly Advisor Group).

Headquartered in Fairfield, Connecticut, with offices in Manahawkin, New Jersey, Poughkeepsie, New York and Westwood, New Jersey, the team has more than 75 years of combined financial services experience.

“It’s incredibly important that my clients have a basic understanding of the products and services we provide and as a financial advisor, it’s my job to help provide that education,” Gandet said. “When I’m working with a new client I always say, ‘You may not fully understand some of the technical concepts right now, but three years from now you’re going to be finishing my sentences.’ Watching our clients become more confident when it comes to their finances is one of the most rewarding parts of my job.”

The Oak Tree team also includes office manager Lisa Molwitz and associate Christopher Gandet, who is Gandet’s son.

“What really impressed us about LPL is that they are forward-thinking and progressive and constantly looking for ways to help advisors serve their clients better,” Gandet said. “As consolidation continues to increase in the industry, many of my industry peers have made the switch to LPL and it’s easy to see why. LPL offers specialized support, top-notch technology and insightful market research that we can use to support our clients and grow the business.”

LPL supports approximately 22,000 financial advisers, 1,100 institution-based investment programs and 560 independent registered investment advisor firms nationwide.

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