IDT Capital Group Joins New York Financial Partners, Osaic

Wealth management firm IDT transitions from LPL Financial, citing NYFP's advisor-first culture and Osaic platform support

Published on Feb. 11, 2026

Got story updates? Submit your updates here. ›

New York Financial Partners (NYFP), an office of supervisory jurisdiction (OSJ) of Osaic, Inc., has announced that IDT Capital Group (IDT), an independent wealth management firm based in Melville, New York, has joined the firm. Led by financial advisor David Calderon, IDT transitioned from LPL Financial and oversees approximately $200 million in client assets. The move to NYFP positions IDT for its next phase of growth while preserving the independence and brand identity Calderon built over his career.

Why it matters

The partnership between IDT Capital Group and New York Financial Partners highlights the growing trend of independent wealth management firms seeking support from larger platforms like Osaic to enhance their capabilities and position themselves for long-term growth, without sacrificing their autonomy and client-centric approach.

The details

IDT Capital Group, led by financial advisor David Calderon, transitioned from LPL Financial to join New York Financial Partners (NYFP), an office of supervisory jurisdiction (OSJ) of Osaic, Inc. The move allows IDT to leverage NYFP's advisor-first culture, transparent support model, and access to Osaic's platform and operational resources to improve productivity, scalability, and flexibility, while preserving the firm's independence and brand identity.

  • IDT Capital Group transitioned to NYFP in February 2026.

The players

New York Financial Partners (NYFP)

An independent wealth management firm supporting approximately 50 advisors nationwide and overseeing roughly $4 billion in client assets. NYFP delivers objective, client-first financial advice without proprietary products or bank ownership and offers comprehensive services across investment management, financial planning, retirement and education planning, business planning, and insurance solutions.

IDT Capital Group

An independent wealth management firm based in Melville, New York, that provides personalized financial planning and investment guidance to individuals and families across Long Island and the greater New York region.

David Calderon

The financial advisor who led IDT Capital Group's transition from LPL Financial to join New York Financial Partners.

Ken Femiano

The founder and managing director of New York Financial Partners, who provided hands-on guidance to David Calderon throughout the evaluation and transition process.

Osaic, Inc.

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.

Got photos? Submit your photos here. ›

What they’re saying

“My co-founder, Howard Asch, and I built NYFP with a strong focus on supporting advisors at every stage of their business. From infrastructure and operational resources to hands-on guidance during transitions, our team delivers on what it promises: consistency, flexibility and an advisor-first mindset.”

— Ken Femiano, Founder and Managing Director, New York Financial Partners (bizjournals.com)

“As I evaluated potential partners, the level of follow-through and real support Ken and his team consistently delivered stood out immediately. At NYFP, you're never on an island. You have access to guidance, resources, and flexibility without sacrificing independence. That culture allows me to run my business my way, with full support behind me.”

— David Calderon, Financial Advisor, IDT Capital Group (bizjournals.com)

What’s next

IDT Capital Group will continue to operate under its own brand while leveraging the resources and support provided by New York Financial Partners and Osaic to enhance its capabilities and position the firm for sustained growth.

The takeaway

The partnership between IDT Capital Group and New York Financial Partners demonstrates how independent wealth management firms can maintain their autonomy and client-centric approach while tapping into the resources and infrastructure of larger platforms like Osaic to drive their next phase of growth.