Father-son led firm affiliates with New York Financial Partners, drawn by Osaic’s community-driven approach and commitment to advisor success

SCOTTSDALE, AZ – June 26th, 2025 —Osaic, Inc.(“Osaic”), one of the nation’s largest providers of wealth management solutions, today announced the affiliation of Porpora Wealth Management(“Porpora”), a New York-based financial planning practice managing nearly $100 million in client assets.

Led by father-son principals Ralph and Michael Porpora, and supported by registered administrative assistant, Mary Brennan, the firm joins from B. Riley Wealth Management and affiliates with New York Financial Partners(“NYFP”), based in Jericho, New York.

Porpora serves individuals, families and business owners throughout the Hudson Valley, providing integrated wealth strategies including retirement and investment planning, insurance solutions and in-house tax preparation.

“We’re proud to welcome Porpora Wealth Management to the Osaic community,” said Kristen Kimmell, executive vice president of business development at Osaic. “Ralph and Michael exemplify the dedicated, client-first mindset we value. They are consummate professionals who understand the impact of holistic planning and community-focused, personalized service.”

Ralph brings decades of industry experience and a steady, client-focused approach, while Michael contributes a strong background in tax preparation and a passion for integrated financial planning. The Porpora team's proactive approach combines financial planning with tax strategies to deliver a unified, streamlined experience aimed at supporting clients’ long-term success.

“We chose Osaic because of its flexibility, robust platform and sense of community. We now have access to a tremendous amount of services and a sophisticated platform of products which we feel will benefit our clients,” said Michael Porpora, principal of Porpora Wealth Management. “Our experience since joining has more than validated that decision. The support we’ve received from Howard Asch, Ken Femiano and the NYFP team in all aspects of our transition has far exceeded our expectations.”

“It’s been a privilege to work with the Porporas during this transition,” said Ken Femiano, founding partner at New York Financial Partners. “They bring integrity, deep technical expertise and a genuine passion for client success. We look forward to supporting their continued growth.”

The Porpora affiliation reflects Osaic’s ongoing commitment to empowering independent advisors through scalable platforms, advisor-focused resources and a strong culture of partnership. It also contributes to the firm’s continued expansion in the Northeast region.