LPL is strengthening its network in Ohio as a veteran planning team transitions over from Osaic.
On Thursday, LPL announced Dougherty, Tedesco & Associates, a Cincinnati-based wealth management firm, has joined its broker-dealer, RIA, and custodial platforms. The team, which previously operated under Osaic, reportedly managed approximately $800 million in advisory, brokerage, and retirement plan assets.
The Dougherty, Tedesco & Associates team was founded in the early 1980s by Charlotte Dougherty and has since expanded to become a prominent financial advisory firm in the region.
Now led by advisors Andrew Tedesco and John Dougherty III, the team offers a range of services that include financial planning, investment management, retirement planning, and estate planning to a client base primarily consisting of corporate executives, engineers, and medical professionals.
“Our mission is to lead clients to a more secure financial future, supporting them step by step through life’s various stages,” John Dougherty III said in a statement. “We take a team approach to providing customized strategies as we explore every avenue to help optimize the client’s success. Throughout the financial planning process, we never lose sight of one essential element: personal service.”
According to the statement, the team's decision to move is part of a broader strategy to enhance its service offerings by leveraging LPL’s advanced technology and expansive platform.
“We are excited to join LPL Financial and leverage its robust platform to provide clients with more holistic, tailored experiences,” Tedesco said. “LPL’s comprehensive platform, advanced technology, and substantial resources will give us more flexibility to respond to the diverse needs of our client base.”
The team at Dougherty, Tedesco & Associates also includes John Dougherty Jr., Caitlin Ackerman, Rita Anno, and Ben Verchick, who support the firm’s operations and client services.
LPL's latest addition in the Eastern US comes shortly after the firm, with its board's blessing, officially appointed Rich Steinmeier as its new CEO.
Steinmeier had held the position on an interim basis for roughly three weeks following the abrupt termination of Dan Arnold, whose straight-laced reputation at LPL contrasts sharply with the official reason for his firing.
“LPL’s code of conduct requires every employee, no matter their title, to foster a supportive and professional workplace and show respect to each other, our stakeholders and the broader community. Mr. Arnold failed to meet these obligations, ”James Putnam, chair of the board of directors, said in a statement at the time.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
