LPL Financial Lures $1 Billion SoCal Team From Osaic

Financial advisers John P. Schlatter, CFP, Robert Rojano, Alec Hoag, CFP, and Michael Madden, CFA, have joined LPL Financial’s broker-dealer, registered investment adviser, and custodial platforms. They reported serving approximately $1 billion in advisory, brokerage and retirement plan assets, and join LPL from Osaic.

Based in Manhattan Beach, Calif., Schlatter founded Salient Wealth Planning Group to provide clients with customized investment strategies, financial planning, and wealth preservation services emphasizing tax efficiency and wealth transfer through multiple generations. The advisers take an interdisciplinary approach to help ensure all aspects of each client’s financial situation are coordinated and reviewed.

“We take a holistic process to build on the foundations that clients have already laid, and we believe good planning helps the right choices reveal themselves,” Schlatter said, noting they primarily work with high-net-worth clients. “Our services are rooted in developing deep personal relationships to help families navigate the challenges and opportunities of managing generational wealth.”

The Salient team selected LPL for its advanced capabilities and commitment to providing exceptional customer service experiences. Schlatter said he also appreciated LPL’s significant technology commitment, including its $500 million 2024 investment for innovation and infrastructure enhancements.

“As a Fortune 500 company, LPL is a leading wealth management firm that puts our business and clients in a better position for a more successful future. Most of our clients have been with us for more than 20 years, and we are excited to continue enhancing their experiences over the next 20 years,” Schlatter said.

“We look forward to supporting [Salient’s] vision by providing elevated services and integrated technology to help them remain competitive in the evolving wealth management landscape. LPL’s sophisticated wealth management platform and robust business tools are designed with advisers in mind, to help them run thriving practices and be successful in serving the needs of their clients,” said Scott Posner, executive vice president, business development for LPL.

Earlier this week, Alts Wire reported that a $1.3 billion team from New Jersey and formerly with UBS joined the LPL Financial platform.

LPL Financial Holdings Inc. supports more than 28,000 financial advisers and the wealth management practices of 1,200 financial institutions. Headquartered in San Diego, its total advisory and brokerage assets totaled approximately $1.8 trillion as of Dec. 19, 2024.

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