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LPL Lands Ex-Osaic Team With $520 Million Assets Under Management

LPL Lands Ex-Osaic Team With $520 Million Assets Under Management. LPL Financial, Equity Design Group, registered investment adviser, RIA, alternative investments, Osaic, broker-dealer

Financial advisers Jason Hohenstein, AIF, Kevin Snow, CFP, and William Zoromski – cofounders of Equity Design Group – have joined LPL Financial’s broker-dealer, registered independent adviser, and custodial platforms. The team reported having served approximately $520 million in advisory, brokerage, and retirement plan assets, and join LPL from Osaic.

Established in Wausau, Wis., Hohenstein, Snow, and Zoromski have more than nine decades of combined financial services experience between them. They launched Equity Design Group in 1997 with the goal of providing clients with tailored financial strategies and fiscal education to help them design their own financial futures.

“We have found that in order to be effective, financial planning needs to be coordinated ­— each piece needs to accomplish its own specific tasks as well as support the tasks of each other piece,” Hohenstein said. “We call this life-integrated financial planning. We look at our clients’ entire financial picture and help them fit the pieces together properly to help them meet their fiscal goals and objectives.”

Looking to streamline business efficiencies and elevate their client experience, Equity Design Group, which also includes seven additional financial advisers and a robust support staff – turned to LPL Financial.

“From our first meeting, we felt the sincerity of LPL’s approach and really got the sense that the company is constantly looking for ways to help us serve our clients better,” Hohenstein said. “We were also impressed by LPL’s technology and integrated business solutions which will help us improve efficiencies. We are confident that partnering with LPL will allow us the freedom and independence to run our practice on our own terms, with no influence from proprietary products ­— allowing us to keep our clients’ best interest in mind.”

“We welcome Jason, Kevin, Bill and the rest of the Equity Design Group team to the LPL community and look forward to helping them grow their business and serve their clients their way,” said Scott Posner, executive vice president of business development.

“At LPL, we recognize the drive and dedication required to operate a thriving practice, and we are honored to provide this team with cutting-edge technology and business solutions to allow them to design a more robust and elevated experience for their clients…” added Posner.

LPL Financial Holdings Inc. serves nearly 23,000 financial advisers – including advisers at approximately 1,100 enterprises and at approximately 570 RIA firms nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled more than $1.35 trillion as of Dec. 31, 2023.

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