Deals Of The Day - The Latest In Wealth Management M&A: LPL, Advisor Group

Editorial Staff

4 November 2020

LPL
LPL Financial, the US-registered investment advisor custodian and broker-dealer, has brought Louis Pelliccioni, Brice L Pelliccioni and Amanda Pelliccioni to its platforms.

The team, operating from offices in Morgantown, West Virginia, and Naples, Florida, is aligned with Independent Network of Consultants & Advisors, an enterprise on LPL’s corporate RIA platform. The Pelliccionis reported having served about $200 million in advisory, retirement plan and brokerage assets. They join LPL from Wells Fargo Advisors.

Pelliccioni founded the business in 1985. Brice and Amanda, his son and daughter-in-law, joined the practice within the last few years after making career changes from the medical field.

With the recent transition to INC Advisors and LPL, Pelliccioni Financial Consulting Group has been rebranded as Trilith Wealth Management.

The partnership with LPL and INC Advisors is part of the firm’s plans to “build out a family office concept.”

Advisor Group
Advisor Group, the US network of independent wealth management firms, and network member firm Royal Alliance Associates, has recruited Pacific Capital Resource Group.

PCRG supervises 40 financial professionals who oversee a total of $975 million in client assets.

In addition to Royal Alliance, Advisor Group's network of firms includes FSC Securities, KMS Financial Services, SagePoint Financial, Securities America, Triad Advisors and Woodbury Financial.

Co-founded by chief executive and OSJ Kurt Jonson in 1998 in Bellevue, Washington, PCRG's financial professionals offer retirement planning, wealth advisory services, investment planning and insurance solutions to individuals and families, as well as business planning, valuation, benefits and insurance services to small business clients. PCRG's professionals are based in offices throughout Bellevue, Washington, Lake Oswego, Oregon, and Scottsdale, Arizona.