LPL picks up $640 million Stofan Agazzi Investments
The Illinois-based firm is leaving Wintrust Investments.
Stofan Agazzi Investments, a firm serving $640 million of client brokerage and advisory assets, is joining LPL Financial’s broker-dealer and registered investment adviser platforms.
President Mark Stofan launched the firm as a broker-dealer in 1987. In 2013, he joined Wintrust Investments, the Chicago-based wealth management division of Wintrust Financial, according to BrokerCheck.
Mr. Stofan and Wintrust did not immediately respond to requests for comment.
Rich Steinmeier, LPL Financial managing director and president of the business development division, said in a statement that Stofan Agazzi “recognized that we have the stability to serve as a long-term partner to their firm and their clients.”
The addition marks the second largest pickup by LPL this week. LPL announced Tuesday it lured Wellesley Financial Partners, a firm with $400 million in assets, away from Cadaret Grant.
(More: LPL loses $325M firm to Commonwealth, picks up $400M firm from Cadaret Grant)
However, LPL also lost Daley Financial Partners, a $325 million firm, to Commonwealth Financial Network.
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