IDT Capital Group Joins Osaic, Bringing $186M in Client Assets

Advisor David Calderon transitions from LPL Financial to partner with New York Financial Partners Enterprise

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management strategies, today announced that IDT Capital Group, an independent wealth management firm based in Melville, New York, has joined Osaic through New York Financial Partners (“NYFP”), an Osaic office of supervisory jurisdiction (OSJ). Led by financial advisor David Calderon, the firm transitions from LPL Financial and oversees approximately $186 million in client assets.

After more than a year of due diligence evaluating potential platform partners, Calderon selected Osaic for its expanded technology capabilities, enhanced trading access and alignment with his long-term vision for client service. A key factor in the decision was identifying an OSJ partner that could support a seamless and efficient transition while enabling future growth.

“Being an independent advisor doesn’t mean you’re on an island by yourself,” said Ken Femiano, founder and managing director at New York Financial Partners. “We’re excited to welcome David to Osaic and New York Financial Partners, and to support him with the infrastructure, leadership access and resources empowering him to focus fully on his clients.”

Through Osaic’s platform and the operational support of OSJ Howard Asch and his NYFP team, IDT Capital Group gains access to tools designed to enhance productivity, scalability and flexibility—allowing the firm to deepen client relationships while positioning the business for sustained growth.

“We’re honored to support David as he continues to grow his practice,” said Erinn Ford, executive vice president of advisor engagement and co-head of Osaic’s Independent Channel. “His client-first mindset, combined with Osaic’s flexible platform and NYFP’s hands-on support, creates a strong foundation for long-term success.”

At Osaic, independence is not only respected but also empowered. The firm continues to attract independent advisors seeking greater autonomy paired with robust support, technology and community—reinforcing its commitment to empowering advisors to grow on their own terms. Recent examples include Chris Livingston, Brian Collins and True Wealth Advisors.

To learn more about Osaic, please visit Osaic.com.

About Osaic

Osaic, Inc. (“Osaic”), a portfolio company of Reverence Capital Partners, is one of the nation’s largest providers of wealth management strategies, supporting over 10,000 financial professionals. Osaic’s mission is to empower entrepreneurial advisors to create leading wealth management solutions that enhance lives and legacies. Visit www.osaic.com to learn more.

Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., Osaic Advisory Services, LLC, and CW Advisors, LLC, registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser.