LPL Financial announced that Darren Colananni, CFP, ChFC, CIMA, CPWA, has joined the firm’s broker-dealer and registered investment advisor platform and launched Allegia Wealth Management. Colananni reported serving approximately $230 million in advisory, brokerage, and retirement plan assets and joins LPL from Centurion Wealth Management.
Based outside Washington, D.C., Allegia Wealth Management serves high-net-worth individuals and families facing increasingly complex financial needs. Colananni said his client base consists of “uniquely successful individuals and families” with a broad range of backgrounds, goals, and financial circumstances.
The firm’s approach focuses on developing long-term relationships and helping clients understand the purpose behind their financial plans. Colananni works with clients to create customized strategies aligned with their values and long-term objectives, while incorporating annual reviews and year-end tax planning meetings into the planning process.
Allegia Wealth Management’s name was inspired by Colananni’s daughters, Ali and Gia, and his grandmother, Alice. According to Colananni, the name reflects the firm’s emphasis on family and his goal of creating a multigenerational business.
Colananni said he chose LPL Financial because of the firm’s scale, technology capabilities, and long-term commitment to supporting advisors and clients. He noted that LPL’s investments in technology and advisor support will provide greater flexibility and enhance the client experience.
LPL Financial supports more than 32,000 financial advisors and approximately 1,100 financial institutions, with roughly $2.3 trillion in brokerage and advisory assets under custody and administration.
KEY QUOTES:
“My calling goes beyond managing assets, it’s about truly understanding what is important to each client and helping them make informed decisions with confidence. By digging deeper and focusing on their why behind each financial decision, we can build a plan that is meaningful for them and their family. This firm is about creating something bigger than myself, something that provides value to my clients, their children and grandchildren, and with the goal to last for generations. As I evaluated my next chapter, it was important to align with a firm that is focused on the future. LPL’s continued investment in technology, combined with its holistic approach to supporting advisors, gives me the tools and flexibility to enhance the experience I deliver to clients.”
Darren Colananni, Founder, Allegia Wealth Management
“We are pleased to welcome Darren to LPL. His commitment to understanding clients on a deeper level and delivering personalized, thoughtful guidance aligns with LPL’s purpose to support advisors with the capabilities they need to grow and serve their clients effectively.”
Marc Cohen, Chief Growth Officer, LPL Financial
