Lpl Financial Stock Price, News & Analysis

LPL Financial (NASDAQ:LPLA) has announced that advisors DJ Totland and Christopher Meyer, along with Rob Tendler and the Harbor Lights Financial Group team, have formed Lighthouse Private Wealth, joining LPL's broker-dealer and RIA platform. The team transitions from RBC, bringing approximately $1.1 billion in managed assets.

Based in Red Bank, New Jersey, the team brings 90 years of combined experience and specializes in serving high-net-worth individuals, small business owners, and families. The move to LPL was driven by their desire for improved technology capabilities and greater business autonomy.

LPL Financial (NASDAQ:LPLA) has announced that Tennant Financial has joined its broker-dealer and RIA platform, transitioning from Northwestern Mutual with approximately $1.3 billion in assets. The Ballston Lake, NY-based team, led by Steven Tennant, Jeremy Berry, and Ryan Wade, brings 75 years of combined experience serving high-net-worth families, corporate executives, and medical professionals.

The team, which includes 10 professionals, chose LPL for its independence, technological capabilities, and integrated platform. Tennant Financial specializes in providing comprehensive financial services, including retirement planning, investments, tax strategies, and charitable giving, effectively serving as a personal CFO for their clients.

Prudential Financial (NYSE:PRU) and LPL Financial (NASDAQ:LPLA) have announced an expanded collaboration to launch an Insurance Overlay retirement lifetime income strategy on LPL's managed accounts platform. The initiative aims to provide protected lifetime income solutions to LPL's network of 29,000 financial advisors.

The collaboration comes as research shows over 11,000 Americans turn 65 daily, with only a small portion of the $34 trillion in retail retirement assets protected against longevity risk. Prudential, managing approximately $1.6 trillion in assets, currently provides over $15 billion in protected income payments annually to more than 3 million customers.

LPL Financial (NASDAQ:LPLA) reported significant growth in August 2025, with total advisory and brokerage assets reaching $2.26 trillion, a 16.7% increase from July 2025. The company's expansion was primarily driven by the acquisition of Commonwealth Financial Network, which contributed $275.0 billion in acquired net new assets.

Total organic net new assets for August were $17.8 billion, representing an 11.0% annualized growth rate. This included $13.8 billion from First Horizon Bank onboarding and accounted for $2.2 billion in planned separations. Client cash balances increased to $52.7 billion, up $3.2 billion from July, with $3.9 billion coming from the Commonwealth acquisition. Net buying activity remained strong at $14.2 billion.

LPL Financial (NASDAQ:LPLA) announced that advisors Benjamin Worley and Robert Monroe have established Worley Monroe Advisors and joined LPL's broker-dealer and RIA platform. The team, transitioning from Edward Jones, brings approximately $400 million in advisory, brokerage and retirement plan assets under management.

Based in Dexter, Missouri, the team brings 36 years of combined experience serving pre-retirees and retirees across multiple states. The advisors chose LPL after an extensive due diligence process, citing improved technology, autonomy, and flexibility as key factors in their decision.

LPL Financial currently supports over 29,000 financial advisors and approximately 1,100 financial institutions, with $1.9 trillion in brokerage and advisory assets under custody serving approximately 7 million Americans.

LPL Financial (NASDAQ:LPLA) has launched its inaugural Advisor Growth Study (AGS), a comprehensive research initiative analyzing six years of data from over 14,000 financial advisors. The study introduces the Advisor Growth Index (AGI), a diagnostic tool that helps advisors benchmark performance and identify growth opportunities.

The research revealed that top-performing advisors grow assets under management (AUM) at 3x the rate of median performers. The study identified four key behaviors of successful advisors: establishing growth foundation, client segmentation, deep client service, and new client acquisition. Notably, advisors implementing just two of these behaviors achieved 5x higher growth rates compared to peers.

The study found that top performers maintain a median client age of 60 or younger, with less than 35% in decumulation phase. Additionally, 30-60% of growth comes from top 10% AUM clients, while approximately 35% of growth derives from clients with $500,000+ under management.

LPL Financial (NASDAQ:LPLA) announced that a team of four experienced financial advisors has launched Ox Road Capital through LPL Strategic Wealth Services. The team, consisting of Jeffrey Allen, Steve Armaly, Brian Blackburn, and Michael Lee, transitions from UBS with approximately $1.25 billion in managed assets.

Based in Greenville, S.C., the team brings nearly 100 years of combined experience and serves ultra-high-net-worth individuals, executives, entrepreneurs, and institutions. They chose LPL's supported independence model for its comprehensive platform, sophisticated resources, and dedicated operational support, allowing them to build their own brand while maintaining focus on client relationships.

GTCR has completed its acquisition of FMG Suite, a leading marketing automation software provider serving financial advisors and insurance agents. Former LPL Financial (NASDAQ: LPLA) CEO Mark Casady joins as Executive Chairman, bringing over 40 years of industry experience.

FMG's platform serves over 50,000 financial advisors and 3,500 insurance professionals, providing omnichannel marketing solutions with integrated compliance workflows. Under Casady's leadership at LPL, revenues grew from $1.4 billion to over $4.0 billion.

The partnership aims to accelerate FMG's growth through AI-enabled products, deeper enterprise relationships, and strategic expansion opportunities. The company will focus on evolving its platform and expanding into new markets under GTCR's ownership.

LPL Financial (NASDAQ:LPLA) has announced that The Capitol Bay Group, previously with Ameriprise, has joined their platform through Upstream Investment Partners. The team, led by John Yetman and Manish Mukhi, brings approximately $375 million in managed assets and 70 years of combined experience.

Based in Tysons, Virginia, the team specializes in serving high-net-worth clients, business owners, and retirees, offering comprehensive financial planning services. The Capitol Bay Group, recognized by Forbes as one of the Best-in-State Wealth Management Teams in 2024 and 2025, chose LPL for its independence, broader investment options, and client-focused culture.