Lpl Financial - LPLA STOCK NEWS

LPL Financial (LPLA) has announced that Horizon Capital Advisors, a team of eight financial advisors previously with Osaic, has joined LPL's broker-dealer, RIA, and custodial platforms. The team, managing approximately $450 million in assets, is led by Partners Brett Deuth, J. Brock McClain, and Brian Watts.

Horizon Capital operates from multiple locations including Overland Park, Kansas, and offices in Clinton and Van Buren, Missouri. The team's transition to LPL was motivated by their search for enhanced service experiences, improved office efficiencies, and access to more robust technology platforms.

LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, with about $1.7 trillion in brokerage and advisory assets under management on behalf of approximately 6 million Americans.

LPL Financial Holdings Inc. (NASDAQ: LPLA) has announced the pricing of its public offering of 4,687,500 common stock shares at $320.00 per share. The company granted underwriters a 30-day option to purchase up to 703,125 additional shares. The offering is expected to close on April 2, 2025.

Morgan Stanley & Co. serves as the sole active book-running manager, with multiple firms acting as joint book-running managers and co-managers. The net proceeds will primarily fund the cash consideration for LPL's proposed acquisition of Commonwealth Financial Network, with any remaining funds allocated to general corporate purposes.

LPL Financial currently supports nearly 29,000 Financial Advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.

LPL Financial Holdings Inc. (NASDAQ: LPLA) has announced a $1.5 billion common stock offering with Morgan Stanley & Co. as the sole active book-running manager. The underwriters will have a 30-day option to purchase an additional $225.0 million of common stock.

The proceeds will primarily fund the previously announced acquisition of Commonwealth Financial Network, with any remaining funds allocated for general corporate purposes. LPL plans to use available cash and additional borrowings to complete the transaction funding.

LPL Financial currently supports nearly 29,000 Financial Advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.

LPL Financial (NASDAQ: LPLA) has announced a definitive agreement to acquire Commonwealth Financial Network for approximately $2.7 billion in cash. Commonwealth, the largest independently owned wealth management firm in the country, supports ~2,900 independent advisors managing ~$285 billion in assets.

The acquisition brings together two industry leaders, with Commonwealth ranked #1 in Independent Advisor Satisfaction by J.D. Power for 11 consecutive times. Commonwealth's founder Joseph Deitch will assume an advisory role to LPL's Board of Directors, while CEO Wayne Bloom will join LPL's Management Committee and lead the launch of LPL's Office of Advisor Advocacy.

The transaction is expected to close in the second half of 2025, with platform conversion completion anticipated by mid-2026. LPL plans to finance the acquisition through a combination of corporate cash, debt, and equity, targeting a credit agreement leverage of 2.25x post-closing.

LPL Financial (LPLA) has announced that financial advisor Austin Greer has joined their employee advisor channel, Linsco by LPL Financial, to launch Oxford Oaks Capital. Greer, who transitions from UBS, brings approximately $600 million in advisory, brokerage and retirement plan assets to LPL.

Based in Franklin, Tennessee, Greer's team includes Wealth Advisor John Dunahoo and Senior LPL Registered Service Associate Stephanie DePriest. The practice specializes in retirement income planning, tax and estate planning for high-net-worth clients, particularly business owners and doctors.

The team chose LPL's Linsco model for its enhanced technology, office efficiencies, and greater autonomy. This model allows advisors to maintain ownership of client relationships while accessing LPL's integrated wealth management platform and business resources.

LPL Financial (LPLA) reported its February 2025 monthly activity, showing total advisory and brokerage assets of $1.82 trillion, a 0.6% increase ($11.3 billion) from January 2025. Total net new assets reached $24.5 billion, including $0.7 billion in acquired assets.

The company achieved $23.8 billion in organic net new assets, representing a 15.8% annualized growth rate. This included $13.7 billion from Prudential Advisors and $0.3 billion from Wintrust onboarding, while $0.2 billion off-boarded from misaligned large OSJs. Excluding these impacts, organic net new assets were $10.0 billion (6.6% annualized growth).

Client cash balances decreased by $0.9 billion to $51.3 billion, while net buying activity reached $14.3 billion in February.

LPL Financial (Nasdaq: LPLA) has announced that financial advisors Larry Hubbard, Craig Conner, and Jade Maasch have joined LPL's broker-dealer, RIA, and custodial platforms from Ameriprise. The team, previously known as Alliance Financial Partners, has rebranded as Legacy Premier Wealth Management, serving approximately $275 million in advisory, brokerage, and retirement plan assets.

Based in Greeley, Colorado, and Cheyenne, Wyoming, the team chose LPL for its flexibility, non-proprietary investment products, and integrated platform capabilities. LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.

LPL Financial (LPLA) has announced the addition of four certified financial advisors to Carnegie Private Wealth, an existing firm supported by LPL Strategic Wealth. The advisors - James Larsen, Lucas Decker, Kevin Lewis, and Seth Miller - collectively manage approximately $475 million in advisory, brokerage and retirement assets.

Larsen joins from Wells Fargo Advisors, while Decker, Lewis, and Miller transition from Edward Jones. Each advisor brings specialized expertise: Larsen has 18 years of international business management experience, Decker focuses on business owners and executives, Lewis specializes in business owners and retirement planning, and Miller concentrates on young professionals and intergenerational wealth planning.

Carnegie Private Wealth, which launched in 2023 with LPL Strategic Wealth, continues its growth trajectory by leveraging LPL's business strategists, marketing resources, and CFO partnership.

LPL Financial (NASDAQ: LPLA) has completed the acquisition of The Investment Center, Inc., a Bedminster-based broker-dealer and registered investment adviser. The deal brings 160 high-performing advisors to LPL's network, with approximately $4 billion of brokerage and advisory assets already onboarded as of March 11, 2025. The remaining $3 billion in assets are expected to transition over the coming months.

The Investment Center, founded in 1986, provides back-office support services, investment tools, and technology to independent financial advisors across all 50 states. This strategic acquisition aligns with LPL's growth strategy, as the firm currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.