LPL Financial, the nation’s largest independent broker-dealer, has added Albany, New York-based Rosemont Financial Group to its broker-dealer and corporate RIA platforms. The advisors serve approximately $900 million in advisory, brokerage and retirement plan assets and join from Cambridge Investment Research Advisors.
Rosemont was founded in 2010 and includes 11 financial advisors: president Steven Novotny, vice president Paul Coluccio, René. Farrington, Christopher Gilbert, Cody Wojdyla, Judith Odell, Ross Fábregas, Joseph Turo, Christopher Dacey, Lorraine Reith, and Christopher Noonan. They are supported by a trading assistant and a five-member office support team, which includes two accountants.
The Rosemont team offers comprehensive wealth management and financial planning to corporations, families and individuals with a mission to help clients “gain through confidence,” a tagline for the business. The firm provides a range of services including investment analytics, executive compensation, portfolio management, retirement planning and estate planning, as well as tax assistance from the firm’s CPAs.
Covid-19 prompted the firm to look for a new partner. Novotny stated, “With more clients at home, looking to access their information online or through conference calls, we recognized the need to find a partner that offers enhanced technology.”
LPL Financial provides service to approximately $810 billion in brokerage and advisory assets as of September 30, 2020. The company provides proprietary technology, clearing services, practice management programs and training, and independent research to 17,168 financial advisors.