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

Wealth management firm IDT Capital Group transitions from LPL Financial to Osaic's platform and support of New York Financial Partners.

Published on Feb. 11, 2026

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Osaic, Inc., one of the nation's largest providers of wealth management strategies, 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, IDT Capital Group transitions from LPL Financial and oversees approximately $186 million in client assets.

Why it matters

This move highlights the ongoing consolidation and evolution of the wealth management industry, as independent firms seek to leverage the enhanced technology, trading access, and operational support of larger platforms like Osaic to better serve their clients and position their businesses for growth.

The details

After more than a year of evaluating potential partners, Calderon selected Osaic for its expanded technology capabilities, trading access, and alignment with his long-term vision for client service. 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.

  • IDT Capital Group joined Osaic in February 2026.

The players

Osaic, Inc.

One of the nation's largest providers of wealth management strategies, supporting over 10,000 financial professionals.

IDT Capital Group

An independent wealth management firm based in Melville, New York, that has transitioned from LPL Financial to Osaic's platform.

David Calderon

The financial advisor who leads IDT Capital Group.

New York Financial Partners (NYFP)

An Osaic office of supervisory jurisdiction (OSJ) that is supporting IDT Capital Group's transition.

Ken Femiano

The founder and managing director at New York Financial Partners.

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What they’re saying

“Being an independent advisor doesn't mean you're on an island by yourself. 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.”

— Ken Femiano, Founder and Managing Director, New York Financial Partners

“We're honored to support David as he continues to grow his practice. His client-first mindset, combined with Osaic's flexible platform and NYFP's hands-on support, creates a strong foundation for long-term success.”

— Erinn Ford, Executive Vice President of Advisor Engagement and Co-Head of Osaic's Independent Channel

What’s next

Osaic and New York Financial Partners will continue to support IDT Capital Group's transition and growth on the Osaic platform.

The takeaway

This move reflects the ongoing consolidation and evolution of the wealth management industry, as independent firms seek to leverage the enhanced capabilities and operational support of larger platforms to better serve clients and position their businesses for long-term success.