LPL Financial and Private Advisor Group Welcome ITI Strategies, Inc.

Led by Industry Veteran Larry DeNoia, ITI Transitions to LPL to Gain Access to Resources That Support the Firm's Growth Plan

CHARLOTTE, N.C., Feb. 11, 2016 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that ITI Strategies, Inc. (ITI), an independent financial advisory firm, has joined LPL's broker-dealer platform. ITI provides advisory services through Private Advisor Group, an investment advisory firm on LPL's hybrid RIA platform. ITI reported that, based on prior business, the firm's advisors served approximately $200 million of client assets, as of Nov. 30, 2015*.

Based in Peekskill, N.Y., ITI is led by industry veteran Lawrence J. DeNoia, CFP® CPA, and also includes three other financial advisors, Daniel Giaimo, CFP® CPA, Joseph Kelly and Patrick Lennon, as well as four support staff. The firm provides comprehensive financial strategies and financial services, including investment management and insurance services, to individuals, corporations and foundations in about 20 states nationwide, but predominately serves clients based in New York, New Jersey and Connecticut.

"We believe that by transitioning to LPL and Private Advisor Group we can operate our business more efficiently and also gain the flexibility to be able to better serve the interests of our clients," said DeNoia."We have spent 28 years building our independent brand. We can build upon that foundation and take our business further now that we have access to LPL's enhanced technology and robust tech support services and compliance support from Private Advisor Group."

DeNoia stated that ITI is seeking to expand in the next year, with a particular focus to bring on an advisor solely dedicated to serving the firm's 401(k) and retirement planning business.

In addition to his work at ITI, DeNoia has lectured and written for a wide range of publications on financial planning topics.

"It's exciting to welcome to LPL a firm such as ITI Strategies," said Steve Pirigyi, LPL executive vice president, Business Development. "Larry DeNoia and his team have built a thriving independent practice serving the needs of their clients. By gaining access to the resources and tools offered by LPL, we can provide this team with support in their efforts to grow their practice and help their clients work toward their long-term financial goals."

*Asset numbers were reported by ITI Financial Group based on prior business and have not been independently and fully verified by LPL Financial.

About ITI Strategies, Inc.
Based in Peekskill, N.Y., ITI Strategies is an independent financial planning firm that provides comprehensive, customized financial planning, wealth management and insurance services to high-net-worth individuals, families, business owners and foundations across the country, predominantly in New York, New Jersey and Connecticut. ITI's team of four advisors and four support staff includes professionals with financial planning certification as well as degrees in accounting and tax. The firm serves approximately 600 clients. For more information, visit www.ITIstrategies.com.

About Private Advisor Group
Private Advisor Group (PAG) is a hybrid solution that supports independent financial advisors throughout the U.S., providing superior customer service, in-depth risk management and forward-thinking solutions. Advisors are supported by the industry's largest independent broker-dealer - enabling them to efficiently run their businesses and stay focused on serving their clients' needs. Private Advisor Group is based in Morristown, N.J., and, as reported by PAG, serves more than 560 financial advisors and manages $9.5 billion in advisory assets, as of Dec. 31, 2015. For more information, visit www.privateadvisorgroup.com.

About LPL Financial 
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and currently serves more than $462 billion in advisory and brokerage assets. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2015). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also service an estimated 40,000 retirement plans with an estimated $115 billion in retirement plan assets, as of September 30, 2015. LPL also supports more than 4,000 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have approximately 3,400 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

Securities and Advisory Services offered through LPL Financial. A registered investment advisor, Member FINRA/SIPC.

Investment advice offered through Private Advisor Group, a registered investment advisor.  Private Advisor Group and ITI Strategies are separate entities from LPL Financial.

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Source: LPL Financial

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