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Team managing $250 million leaves Ameriprise for LPL

$250 million

The father-and-son Riolo Financial Group is based in New City, New York.

Riolo Financial Group, an independent team managing $250 million in New City, New York, has left Ameriprise Financial and affiliated with the broker-dealer and registered investment adviser platforms of LPL Financial.

The planning-based practice, led by Dominick Riolo and his son, Frank Riolo, was founded in 2014.

They are joined in the move by adviser and colleague Lisa Sherman and two office support staff members.

The team was affiliated with Ameriprise for seven years.

[More: LPL, Commonwealth start to gain traction with wirehouse reps]

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