AFC Planning Group Transitions $110 Million in Client Assets from LPL Financial to Osaic

AFC Planning Group, a financial advisory team established in 2008 in Melville, New York, has transitioned from LPL Financial to join Osaic, Inc., bringing approximately $110 million in client assets to the wealth management provider. The two-person team, led by managing partners Lou Addesso and Frank Fattizzi, now operates under Affiliated Advisors, an Osaic office of supervisory jurisdiction. This move represents a significant shift in the competitive landscape of financial advisory services, particularly as firms increasingly prioritize platform capabilities and cultural alignment when selecting their institutional partners.

The decision to join Osaic was driven by AFC Planning Group's desire for enhanced tools and support systems that would better serve their client base of high-net-worth individuals and small to mid-sized businesses. Addesso emphasized that the firm's culture is rooted in integrity, responsiveness, and genuine care, focusing on long-term relationships rather than transactions. This client-centric approach aligned closely with Osaic's advisor-focused culture and people-first experience, making the transition a strategic fit for both parties. The move demonstrates how advisory firms are increasingly evaluating their institutional partnerships based on the quality of resources available to support client service delivery.

Kristen Kimmell, executive vice president of business development at Osaic, noted that the partnership represents a natural fit given the shared client-first values between the organizations. By leveraging Osaic's platform, Addesso and Fattizzi are positioned to create greater efficiency and dedicate more time to client relationships. This transition is part of a broader trend of advisory firms moving between major platforms, with Osaic continuing to attract leading firms across the industry. Other recent transitions from LPL Financial to Osaic include Simplified Wealth Management and Strategic Financial Management, indicating a pattern of movement within the competitive wealth management landscape.

The implications of this announcement extend beyond the immediate transfer of $110 million in client assets. It highlights the ongoing competition among major wealth management platforms to attract and retain successful advisory teams through superior technology, resources, and cultural alignment. For more information about Osaic's services and platform offerings, visit https://www.osaic.com. The movement of established advisory teams between major platforms underscores the importance of continuous platform innovation and support services in maintaining competitive advantage within the wealth management industry.