LPL Financial has signed on a $500 million firm from Cadaret Grant.
Beltz Ianni & Associates, which is based in Rochester, N.Y., was with
Cadaret Grant & Co. for seven years before switching to LPL, according to Finra BrokerCheck. The firm has more than 1,500 accounts with 600 households, according to Bob Judd, one of the firm's four managing partners.
The firm, which focuses on investment management and retirement planning, wanted LPL's financial tools, like ClientWorks, to help make the handling of clients more efficient, according to Mr. Judd.
"Our business model is designed to be able to support clients across the range of financial services," Mr. Judd said in a statement.
Beltz Ianni & Associates, has 16 financial advisers. Along with Mr. Judd, its managing partners include Fred Beltz, David Ianni and Mark Siler.
Mr. Beltz has been in the securities industry for 41 years, and has worked at seven different firms, according to his
BrokerCheck profile. Prior to Cadaret Grant, he was with AXA Advisors for five years.
Mr. Ianni has 35 years of experience spanning from six different firms. According to
BrokerCheck, he was previously with AXA Advisors, Mony Securities Corp. and the Mutual Life Insurance Co. of New York.
Mr. Judd has seven years of experience across three firms. Prior to Cadaret Grant, he was briefly with Cigna Securities Inc. from 1988 to 1990, according to
BrokerCheck.
Mr. Siler has 15 years of experience and has worked at three firms, according to
BrokerCheck. Prior to LPL and Cadaret Grant, Mr. Siler was with AXA Advisors.
(More: LPL rolls back recruiting policy aimed at driving more assets to its corporate RIA)
