LPL Financial Welcomes Align Private Wealth
Rhea-AI Summary
LPL Financial (Nasdaq:LPLA) announced that advisors Scott Gilliam and Travis Blessing have launched Align Private Wealth, an independent practice affiliating with LPL’s broker-dealer and RIA platform. The Greenwood, Indiana-based team reported serving approximately $2 billion in advisory plan assets* and focuses on high-net-worth and ultra-high-net-worth clients.
LPL highlights its integrated wealth management platform, advanced planning tools and support for advisor independence. As of year-end 2025, LPL supported more than 32,000 advisors and approximately $2.3 trillion in brokerage and advisory assets for about 8 million Americans.
AI-generated analysis. Not financial advice.
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News Market Reaction – LPLA
On the day this news was published, LPLA gained 3.24%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Peers on Argus
LPLA is up 3.72% on this announcement, while peers show mixed moves: TW up 2.42%, FUTU down 2.52%, EVR down 0.91%, HLI up 0.29%, SF up 0.84%. With no peers in the momentum scanner, action appears company-specific.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 28 | Advisor recruitment | Positive | -2.1% | LPL added Schott Financial Management with about $240M in client assets. |
| May 27 | Conference appearance | Neutral | -2.1% | CEO scheduled to present at William Blair Growth Stock Conference. |
| May 27 | Advisor recruitment | Positive | -3.9% | Soundview Wealth Management joined LPL with about $600M in assets. |
| May 21 | Monthly metrics | Positive | -0.7% | April 2026 activity showed client assets at $2.48T and 6.1% M/M growth. |
| May 21 | Advisor recruitment | Positive | +1.4% | True Compass Advisors joined with about $870M in client assets. |
Recent advisor/recruitment and activity updates have often seen muted or negative next-day moves, with only one of the last four positive-toned "welcomes" or activity releases aligning with a positive price reaction.
Over the past few weeks, LPLA has repeatedly highlighted growth in advisors and assets. Recent releases include multiple "Welcomes" announcements adding practices with hundreds of millions in assets and an April activity update showing total client assets at $2.48 trillion. Despite these generally positive business developments, next-day price reactions have often been modestly negative. Today’s addition of Align Private Wealth, with about $2 billion in advisory plan assets, fits the ongoing advisor recruitment and asset growth narrative.
Regulatory & Risk Context
Market Pulse Summary
This announcement highlights LPL’s continued expansion of its advisor network by onboarding Align Private Wealth, a Greenwood, Indiana team serving approximately $2 billion in advisory plan assets. It reinforces LPL’s broader scale of about $2.3 trillion in brokerage and advisory assets and support for over 32,000 advisors. In reviewing this update, investors may track ongoing advisor recruitment, asset growth trends, and how new high-net-worth relationships contribute to the firm’s longer-term asset and revenue base.
Key Terms
cfp financial
aif financial
broker-dealer regulatory
registered investment advisor regulatory
ria regulatory
finra regulatory
sipc regulatory
AI-generated analysis. Not financial advice.
SAN DIEGO, June 04, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Scott Gilliam, CFP® and Travis Blessing, AIF®, have launched a new independent practice, Align Private Wealth, through affiliation with LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately
Based in Greenwood, Ind., just outside of Indianapolis, Gilliam and Blessing bring a combined 40 years of industry experience to the new endeavor. Align Private Wealth serves high-net-worth and ultra-high-net-worth families, as well as individuals, business owners and multigenerational households seeking personalized financial guidance.
“Our goal is to build deep, long-term relationships where we truly understand every aspect of our clients’ lives — not just their finances,” said Gilliam. “We’ve intentionally designed our practice to work with a limited number of families so we can be fully embedded in their decision-making, helping them navigate everything from wealth planning to generational transitions.”
The team takes a goals-based, planning first approach, working closely with each client through ongoing conversations and proactive check-ins to ensure strategies remain aligned with evolving needs.
Why They Made the Move to LPL
After a period of extensive due diligence, the Align Private Wealth team chose LPL Financial for its ability to support full independence while providing the scale and resources needed to enhance the client experience.
“Independence is incredibly important to us — we wanted the ability to build our business entirely around our clients,” said Blessing. “LPL’s platform gives us the flexibility, technology and support to do exactly that, while enhancing how we deliver customized planning and tax-aware strategies.”
Gilliam added, “We evaluated multiple firms, but LPL stood out for its reputation and its focus on helping advisors grow businesses that are built for clients, not for a firm. That client-first mentality was critical for us as we launched Align Private Wealth.”
In addition to having access to LPL’s integrated wealth management platform, the team values the ability to incorporate advanced planning tools and technology to further customize strategies and deliver more holistic advice.
Marc Cohen, chief growth officer at LPL, said, “We welcome Scott, Travis and the Align Private Wealth team to the LPL community. Their commitment to building deep, personalized relationships and delivering comprehensive, goals-based guidance reflects the kind of client-first approach we are proud to support. We look forward to helping them grow their business through our bespoke high-net-worth capabilities and continue delivering meaningful outcomes for the families they serve.”
Outside of the office, Gilliam enjoys coaching competitive travel baseball and spending time boating on Lake Cumberland with his wife, Sondra, and their two sons. Blessing and his wife, Cheryl, recently became empty nesters and enjoy traveling together and relaxing by the ocean.
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Align Private Wealth and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
Media Contact:
Media.relations@LPLFinancial.com
Tracking # 1116296
