A firm that had overseen $265 million in assets at Cadaret Grant & Co. has affiliated with LPL Financial and will use LPL's broker-dealer, RIA and custodial platforms, the firm announced Monday.
Infinity Wealth Group in northern New Jersey was founded in 1992 by Robert Doran, its president, after he spent 10 years at IBM. In response to mass layoffs in the corporate world, Doran decide to focus his advisory firm on retirement planning and wealth management.
The firm includes four other advisors: Robert Sundermann, George Gahles and father and son team James and Kevin Mangam. There are also three staffers.
Infinity Wealth Group had been affiliated with Cadaret Grant since 1998, according to BrokerCheck.
The move to LPL is part of the team’s efforts to improve the firm.
“The tools that LPL provides to advisors will help us to simplify account management, boost practice efficiency, provide scalability and improve the overall client experience,” Doran said in a statement. “LPL’s size and scale, and their commitment to invest heavily in financial technology, resources and experienced staff, will provide myself and my team what we need to best support our clients, grow our business and build more long-lasting relationships.”
Doran also cited LPL’s self-clearing capabilities and single sign-on digital capabilities. “Without the need for a third party to conduct trades, we will save precious time, which we will be able to use to help our clients.”
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
