Investment Advisors Financial Group Joins LPL Financial, Bringing $1 Billion in Assets Under Management

LPL Financial, a leading financial services firm, has announced that Investment Advisors Financial Group is joining its network. The team from Investment Advisors Financial Group, headquartered in Eatontown, New Jersey, brings approximately $1 billion in assets under management. This move comes as the group transitions from Osaic to LPL Financial’s broker-dealer, RIA, and custodial platforms.

The Investment Advisors Financial Group was founded in 1979 by Thomas E. Musumeci, who continues to lead the firm as President. The group consists of 22 advisors and several administrative staff, all dedicated to helping clients with their wealth management needs. The experience of the team, particularly Musumeci’s five decades in the industry, enhances their ability to provide tailored financial guidance. The group’s leadership, which includes Musumeci’s daughter, Annie Silvestro, emphasizes a commitment to nurturing the next generation of financial advisors.

The decision to partner with LPL Financial was driven by the desire for increased independence and a determination to enhance client service through advanced technology. “We take a full-service approach to helping our clients meet their financial goals,” said James Flannery, one of the leaders at the firm. Scott Posner from LPL Financial expressed enthusiasm about the partnership, highlighting the benefits of LPL’s technology and services in supporting the growth of Investment Advisors Financial Group. This collaboration aims to further improve the client experience and empower advisors to succeed in their endeavors.