Omnia Wealth Group Launches With Support From LPL Financial

CHARLOTTE, N.C. , June 26, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA) announced today that financial advisors Isaac J. Hart, CFP, ChFC, Robert Entwistle Jr., Matthew L Malvitz and Sam Asani CFP, ChFC, AAMS have joined LPL Financial to launch a new independent office, Omnia Wealth Group. They chose to affiliate with LPL’s supported independence model, LPL Strategic Wealth Services, a modern breakaway solution for advisors seeking to gain more control over their business. Prior to joining LPL from Edward Jones, the group reported having served an aggregate of approximately $400 million in advisory, brokerage and retirement plan assets.*.

Based in Elkhorn, Wis., the advisors are all close family friends who decided to form a group in an effort to expand their resources, create efficiencies and deliver the highest value to their clients. They each have more than a decade of experience in the financial services industry and bring unique backgrounds to their work to make a meaningful difference in the lives of clients.

“We all run similar practices, share the same client-centric values and appreciate the family-oriented Midwestern culture, so it made sense for us to come together under one umbrella,” Entwistle said. “By making this move, we will be able to grow our individual client base and leverage each other as resources, build out our own joint brand, scale up and tap into LPL’s vast experience and technology. We’re all friends, so it’s awesome we can do this together and start something bigger.”

Moving to LPL Strategic Wealth Services

Looking for more control of their reputation and client experience, along with the flexibility to build independent practices on their terms, the team turned to LPL.

“It was important for us to be able to build out our office the way we want, with our own branding and guidelines,” Hart said. “As independent advisors, we can provide holistic services moving forward and have autonomy to do it as we each see fit. We’ll be able to elevate the client experience and expand our generational wealth services.”

The Omnia team appreciate the added resources available from LPL Strategic Wealth Services, which is designed for advisors who want to own their business without the burden of operational and business management responsibilities. Advisors who use Strategic Wealth have access to LPL’s integrated wealth management platform, along with an added layer of ongoing strategic support for daily operations and long-term business management. They benefit from a truly integrated service that includes simplified pricing, technology and dedicated support to launch their practice at LPL. Then, after the transition is complete, Strategic Wealth teams receive ongoing operations support managed by a team of experienced professionals including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact and dedicated resources, ultimately allowing them to stay focused on the needs of their clients, culture and evolution of their practice.