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Salvatore Dispenziere III
Salvatore Dispenziere III

SagePoint OSJ in New Jersey Leaps to LPL

Advisor and OSJ manager Salvatore Dispenziere III will bring over the three advisors in his office as well as three other individual practices he supervises.

LPL Financial has added a Sparta, N.J.-based office of supervisory jurisdiction with seven advisors and approximately $225 million in client assets to its broker/dealer and corporate registered investment advisor platforms. The OSJ, led by advisor Salvatore Dispenziere III, joins from SagePoint Financial, one of Advisor Group’s broker/dealers.

Advisors Nuri Gunes Jr., David Buys II and Enrico Brex will come over with Dispenziere as part of his advisory firm, Elite Retirement Consultants. Three other advisors he was supervising, Patrick Bivona, Ken Rosenblum and Mark Likes, are also joining LPL as individual practices. He’ll continue to act as the OSJ for all six advisors.

Dispenziere said he was impressed by LPL’s technology and services, especially the firm’s consolidated reporting capabilities and client statements. He also expects LPL will help his firm expand and recruit new advisors outside of New Jersey.

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