LPL Financial Welcomes Summit Planning Group

Core Insights - LPL Financial LLC has announced the integration of Summit Planning Group into its broker-dealer, RIA, and custodial platforms, with the team managing approximately $750 million in advisory, brokerage, and retirement plan assets [1][11] Company Overview - Summit Planning Group, founded in 1995, consists of a diverse team of advisors with expertise in accounting, finance, tax, and investments, located in Branford and Glastonbury, Connecticut [2] - The team includes several financial advisors, such as Brian Onofrio, CPA, AIF®, and C. David Koncz, among others [2] Service Philosophy - The advisors at Summit Planning Group emphasize a multi-faceted approach to wealth management, focusing on customized plans and ongoing guidance tailored to each client's financial situation [3] - The team values clear communication of complex financial ideas, aiming to simplify the planning process for clients [3] Partnership with LPL Financial - Summit Planning Group chose to partner with LPL Financial due to its reputation for exceptional service and support for both advisors and clients [3][4] - LPL Financial is described as a stable partner that invests significantly in capabilities and resources to enhance service delivery, which is expected to benefit clients by maximizing returns and reducing risks [4] LPL Financial's Market Position - LPL Financial Holdings Inc. serves nearly 23,000 financial advisors and is committed to providing personalized guidance to clients through an advisor-mediated model [9] - The company emphasizes the independence of advisors, allowing them to choose their business models and manage client relationships effectively [9]