LPL Onboards Former Osaic Team Serving $600M in Client Assets
The financial advisers at Charter Oak Wealth Partners have joined LPL Financial’s broker-dealer, registered investment adviser and custodial platforms, aligned with existing firm Academy Financial. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets, and join LPL from Osaic.
“We welcome the Charter Oak team to the LPL community and congratulate Academy Financial on its continued growth. We are committed to delivering robust resources, business solutions and innovative capabilities that help our advisers differentiate their practice and succeed at every stage of their business’ lifecycle,” said Scott Posner, executive vice president, business development for LPL.
Based in Hartford County, Conn., Charter Oak Wealth Partners was founded in 2016 by Gary Paul, CRPC. Paul is joined by fellow advisers Gary Salva, Bill Matzinger and Chris Scuderi, and they are supported by Lori Tedone, client relationship manager. Together, they provide financial planning and investment services for individuals, families, and businesses.
“We are committed to maintaining the highest standards of integrity and professionalism in our relationship with our clients,” Paul said. “We endeavor to know and understand our clients’ financial situations and provide them with only quality information, services and products to help them pursue their goals.”
The team at Charter Oak Wealth Partners turned to LPL after a scoping period. They are looking to LPL to enhance its service capabilities and propel its next phase development just like Academy Financial was when it onboarded with LPL in August 2024.
“We’re excited to tap into LPL’s vast resources and services to provide our clients with elevated experiences,” said Paul. “We chose LPL for its stability as a Fortune 500 company, along with its strategic support, innovative technology, and shared focus on putting clients first. Add to that the additional resources and support from Academy, and we believe we are in a prime position to enhance our offering, grow the business, and serve clients better than ever.”
“We’re excited for the opportunity to work with the Charter Oak team and grow our firm together. This is a team that shares our values of putting clients first and foremost, and we found that to be a perfect alignment. We believe this relationship will strengthen our firm and add value to clients,” said Brent J. Kvech, Academy Financial partner.
LPL Financial Holdings Inc. serves nearly 29,000 financial advisers nationwide. Headquartered in San Diego, its total advisory and brokerage assets totaled $1.7 trillion as of Dec. 31, 2024.
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