Marzano Capital Group has joined the LPL Financial broker-dealer platform and will provide fee-based advisory services through Independent Advisor Alliance (IAA), an independent RIA group that serves financial advisors in the Carolinas on LPL’s hybrid RIA platform.
Jon Marzano, co-founder and managing partner of Marzano Capital, says: “We are truly excited to join LPL and IAA. With their support and resources, we will have more time to spend with our clients, and by adopting the independent model we can put the needs of our clients first.”
Marzano Capital Group offers comprehensive financial planning for individuals, business owners and institutions. Founded in 2005 by Jon Marzano and his father, 35-year industry veteran Arthur Marzano, the firm offers wealth management and retirement planning for mass affluent and high-net-worth clients. Its advisors are advocates for a transparent investment process that utilises a limited number of investment products, augmented by carefully researched individual stock and bond selection. With the addition of Steven Gallo in 2010, the firm added the ability to serve the needs of institutions, particularly nonprofits including foundations and religious organisations. Marzano Capital Group also employs two professional support staff.
Since its founding, Marzano Capital has experienced steady growth. The firm intends to move to a new office within the next year to create room for additional independent advisors to serve clients.
Robert Russo, founder and president of IAA, says: “As a well-respected, well-established and rapidly growing family-owned advisory in North Carolina, Marzano Capital fits well into the profile of independent firms supported by IAA. We look forward to providing them with our many customised support services and helping them access LPL’s tools and resources to manage and grow their business.”
“We welcome Marzano Capital Group to LPL,” says Steve Pirigyi (pictured), executive vice president of business development at LPL Financial. “Robert Russo at IAA is a great champion of the independent model and we’re happy to see his hybrid RIA firm expand with the addition of this talented group. We look forward to supporting them both as they continue to grow their businesses and serve the needs of their clients.”
