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MAI Capital Acquires $238M Cincinnati RIA


MAI Capital Acquires $238M Cincinnati RIA

LPL Financial announced that it has added an advisor duo from Osaic, where they had about $150 million in advisory, brokerage and retirement plan assets.

Advisors Jeff Minucci and David Ryzman, who are based in McKinney, Texas, launched GreenPoint Wealth Management in conjunction with the move, according to the announcement. The duo has joined LPL's core platform, affiliating with the firm in a 1099 relationship and using a shared Form ADV.

The advisors "wanted to create our own identity and shape our practice on our terms," Ryzman said in a statement accompanying the announcement. LPL "has streamlined processes that make it much easier to do business, which then gives us more time to spend taking care of our clients," he added.

Minucci has been in the industry since 2000, when he registered with Argo Securities Corp., according to his BrokerCheck record. He has also been registered with Fidelity Brokerage Services, Strategic Advisers, Osaic predecessor Securities America and Osaic, per BrokerCheck.

Ryzman has been in the industry since 2001, when he registered with Fidelity Brokerage Services. He has also been registered with Strategic Advisers, Securities America and Osaic.

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