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LPL Picks Up $460M Team

Newly-named Twenty Four Wealth Management has joined LPL Financial’s broker-dealer and hybrid registered investment advisor (RIA) platforms and aligned with Stratos Wealth Partners, an existing enterprise firm that supports the operations and growth of LPL-affiliated advisors. The advisors serve more than $460 million in brokerage and advisory assets*. They join from MassMutual Financial Advisors.

handshake 220233 1280The New York City and Fairfield County, Conn.- based team of experienced financial advisors was founded by Anthony Truino, Michael J. Carbino, and John Dougherty, and includes Christopher Zapata. They are assisted by a seven-member support staff. Formerly associated with Barnum Wealth Management, the business established its new name with the move to LPL Financial and Stratos Wealth Partners.

The team’s planning focus and approach to putting the client at the heart of everything they do have been key to their success, according to LPL. Truino noted the move to Stratos allows them to act like their client’s CFO. “We run their financial life and, in doing so, constantly strive to provide the best advice and options given their unique situations,” he said. “It makes sense then that we should have access to industry-leading resources, innovative technology and a broad landscape of product platforms, which we can access through Stratos and LPL, while also having the flexibility and control to make decisions best suited for our clients and our business.”

With a targeted message and approach, the business provides comprehensive wealth management services to executives, professional athletes and business owners—individuals short on time who place high value on the team’s experience to manage this important aspect of their lives. Twenty Four Wealth delivers approximately 300 financial plans each year for their existing client base. “We encourage clients to run their finances like a business focused on three important cornerstones: their vision, values and goals. Backed by a sound business plan (the financial plan), our clients can see how they can work toward their vision by hitting their goals. All the while, being aligned with the values they hold close to heart,” Zapata said.

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