Tag: new york financial partners

IDT Capital Group, an independent wealth management firm in Melville, has joined Jericho-based New York Financial Partners. 

IDT, headed by financial advisor David Calderon, oversees about $186 million in client assets, providing financial planning and investment guidance to individuals and families across Long Island and the greater New York region. IDT was formerly affiliated with LPL Financial. 

Calderon says he spent more than a year evaluating platform partners before choosing to go with NYFP, citing the firm’s advisor-first culture, transparent support model and the opportunity to operate under his own brand, according to a company statement. 

Ken Femiano, founder and managing director at NYFP, provided guidance to Calderon through the evaluation and transition process. 

“As I evaluated potential partners, the level of follow-through and real support Ken and his team consistently delivered stood out immediately,” Calderon said in the statement. “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.” 

New York Financial Partners has about 50 advisors nationwide and manages about $4 billion in client assets. Its securities and investment advisory services are offered through Osaic Wealth. 

“My co-founder, Howard Asch, and I built NYFP with a strong focus on supporting advisors at every stage of their business,” Femiano said in the statement. “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.”