LPL Financial, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings revealed that Freedom Wealth Alliance, an independent hybrid RIA firm, has transitioned to the LPL broker-dealer and hybrid RIA custodial platform.
Freedom Wealth Alliance brings a total of five financial advisors as well as additional support staff, and supports client brokerage and advisory assets of approximately $225 million, as of August 27, 2014.
Go deeper with GlobalData
Based in Brookfield, WI, Freedom Wealth Alliance is a newly-launched independent hybrid RIA firm developed from the former Rozman Wealth Management, which was an award-winning independent financial advisory firm, founded by Kurt Rozman, a veteran advisor and portfolio manager with 23 years of industry experience.
Mr. Rozman will serve as President of the new Freedom Wealth Alliance, which will be focused on attracting "overlooked" independent fee- and commission-based advisors with approximately $50 million under management.
The new group also intends to offer a centralized portfolio management strategy that can be highly customized for each advisor’s end client.
Steve Pirigyi, Executive Vice President at LPL Financial, said, "We are pleased to welcome Freedom Wealth Alliance to LPL Financial. We look forward to supporting their advisors in their exciting transformation into a full-service independent hybrid RIA advisor group. We are proud that LPL continues to be the destination of choice for independent advisor groups seeking to realize their entrepreneurial vision, and we are happy to be instrumental in empowering their advisors to pursue their independent paths in the service of helping their clients work toward their financial goals."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
