LPL Financial Welcomes Lex Wealth Management
LPL Financial (LPLA) announced that financial advisors Carmen M. Lex Jr. and Chris Lex have joined their platform, bringing approximately $630 million in advisory, brokerage and retirement plan assets from Corebridge Financial. The Lex brothers, based in Marlton, N.J., have established Lex Wealth Management, specializing in financial planning with expertise in pension and social security analysis.
The move to LPL Financial represents their transition to independence, driven by their desire to provide more personalized options for clients in distribution phases. They will benefit from LPL's technology, business resources, and comprehensive product selection. LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, with approximately $1.7 trillion in brokerage and advisory assets under management on behalf of approximately 6 million Americans.
LPL Financial (LPLA) ha annunciato che i consulenti finanziari Carmen M. Lex Jr. e Chris Lex si sono uniti alla loro piattaforma, portando circa $630 milioni in attività di consulenza, intermediazione e piani pensionistici da Corebridge Financial. I fratelli Lex, con sede a Marlton, N.J., hanno istituito Lex Wealth Management, specializzandosi nella pianificazione finanziaria con competenze nell'analisi delle pensioni e della sicurezza sociale.
Il passaggio a LPL Financial rappresenta la loro transizione verso l'indipendenza, guidata dal desiderio di fornire opzioni più personalizzate per i clienti in fase di distribuzione. Beneficeranno della tecnologia di LPL, delle risorse aziendali e della scelta completa di prodotti. Attualmente, LPL Financial supporta quasi 29.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, con circa $1,7 trilioni in attività di intermediazione e consulenza gestite per conto di circa 6 milioni di americani.
LPL Financial (LPLA) anunció que los asesores financieros Carmen M. Lex Jr. y Chris Lex se han unido a su plataforma, trayendo aproximadamente $630 millones en activos de asesoría, corretaje y planes de jubilación de Corebridge Financial. Los hermanos Lex, con sede en Marlton, N.J., han establecido Lex Wealth Management, especializándose en planificación financiera con experiencia en análisis de pensiones y seguridad social.
El movimiento hacia LPL Financial representa su transición hacia la independencia, impulsada por su deseo de proporcionar opciones más personalizadas para los clientes en las fases de distribución. Se beneficiarán de la tecnología de LPL, los recursos comerciales y la amplia selección de productos. Actualmente, LPL Financial apoya a casi 29,000 asesores financieros y aproximadamente 1,200 instituciones financieras, con alrededor de $1.7 billones en activos de corretaje y asesoría bajo gestión en nombre de aproximadamente 6 millones de estadounidenses.
LPL Financial (LPLA)는 재무 고문 Carmen M. Lex Jr.와 Chris Lex가 플랫폼에 합류하여 Corebridge Financial로부터 약 $630 백만의 자문, 중개 및 퇴직 계획 자산을 가져왔다고 발표했습니다. 뉴저지 Marlton에 본사를 둔 Lex 형제들은 Lex Wealth Management를 설립하여 연금 및 사회 보장 분석 전문 금융 계획에 특화되었습니다.
LPL Financial로의 이동은 고객에게 분배 단계에서 보다 개인화된 옵션을 제공하고자 하는 욕구에 의해 독립성으로의 전환을 나타냅니다. 그들은 LPL의 기술, 비즈니스 리소스 및 포괄적인 제품 선택의 혜택을 누릴 것입니다. 현재 LPL Financial은 거의 29,000명의 재무 고문과 약 1,200개의 금융 기관을 지원하며 약 $1.7조의 중개 및 자문 자산을 약 600만 미국인을 대신하여 관리하고 있습니다.
LPL Financial (LPLA) a annoncé que les conseillers financiers Carmen M. Lex Jr. et Chris Lex ont rejoint leur plateforme, apportant environ 630 millions de dollars en actifs de conseil, de courtage et de régime de retraite de Corebridge Financial. Les frères Lex, basés à Marlton, N.J., ont créé Lex Wealth Management, spécialisé dans la planification financière avec une expertise en analyse de retraite et de sécurité sociale.
Ce passage à LPL Financial représente leur transition vers l'indépendance, motivée par leur désir d'offrir des options plus personnalisées aux clients en phase de distribution. Ils bénéficieront de la technologie d'LPL, des ressources professionnelles et d'un choix de produits complet. Actuellement, LPL Financial soutient près de 29 000 conseillers financiers et environ 1 200 institutions financières, avec environ 1,7 trillion de dollars en actifs de courtage et de conseil gérés au nom d'environ 6 millions d'Américains.
LPL Financial (LPLA) hat angekündigt, dass die Finanzberater Carmen M. Lex Jr. und Chris Lex sich ihrer Plattform angeschlossen haben und etwa $630 Millionen an Beratungs-, Brokerage- und Rentenplanvermögen von Corebridge Financial mitbringen. Die Brüder Lex, die in Marlton, N.J. ansässig sind, haben Lex Wealth Management gegründet, das sich auf Finanzplanung mit Fachkenntnissen in der Analyse von Renten und Sozialversicherungen spezialisiert hat.
Der Wechsel zu LPL Financial stellt ihren Übergang zur Unabhängigkeit dar, der von dem Wunsch geprägt ist, personalisierte Optionen für Kunden in Verteilungsphasen anzubieten. Sie werden von der Technologie von LPL, den Geschäftsräumen und der umfassenden Produktpalette profitieren. Derzeit unterstützt LPL Financial nahezu 29.000 Finanzberater und rund 1.200 Finanzinstitutionen, mit etwa $1,7 Billionen an Brokerage- und Beratungsvermögen, die im Namen von etwa 6 Millionen Amerikanern verwaltet werden.
- Addition of $630 million in managed assets to LPL's platform
- Expansion of advisor network strengthening LPL's market position
- Growth in institutional client base through strategic recruitment
- None.
Insights
The recruitment of Lex Wealth Management represents a significant win for LPL Financial, bringing
The transition aligns with a broader industry shift where established advisors are increasingly seeking independence from traditional wirehouses and insurance-owned broker-dealers. For LPL, these recruitment wins are important as they typically generate multiple revenue streams through advisory fees, commission splits and platform fees, usually ranging from
Looking at the competitive landscape, this recruitment demonstrates LPL's strong position in the independent channel. With nearly 29,000 advisors and
From a business perspective, these transitions are particularly valuable because:
- High-AUM practices typically have more stable revenue streams and higher client retention rates
- The addition contributes to LPL's recurring revenue base, as a significant portion of the
$630 million is likely in advisory assets - Established practices like Lex Wealth Management often bring sophisticated client relationships that can lead to additional asset gathering opportunities
This recruitment also validates LPL's platform investment strategy and their focus on providing comprehensive support for transitioning advisors. The firm's continued ability to attract substantial practices suggests strong execution of their growth strategy and positions them well in the ongoing consolidation of the wealth management industry.
SAN DIEGO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Carmen M. Lex Jr., CFP®, RICP®, and Chris Lex, CRPC®, have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. The brothers reported serving approximately
Based in Marlton, N.J., Carmen and Chris have built a reputation for delivering tailored investment strategies and quality service since they teamed up in 2014. They specialize in financial planning, and both have significant experience in pension and social security analysis, including the intricacies of the Public School Employees’ Retirement System. The Lex brothers credit their grandmother and parents as inspiration for their financial journey.
“We had a lot of people who guided us to where we are today, especially our grandmother who taught us the importance of saving from a young age,” said Chris Lex. “That fueled our drive to help others with important financial decisions. We are committed to educating and empowering individuals and families to take control of their financial futures.”
Why they made the move to LPL Financial
After more than 15 years in the industry, Carmen and Chris realized their shared vision for delivering personalized, independent financial guidance. They decided to reshape their approach, prioritize independence and build a firm focused on providing tailored strategies and exceptional client service. This spurred their move to LPL and the creation of Lex Wealth Management.
“As we work with more clients in the distribution phases, we realized there are more personalized options available to us as independent advisors,” said Carmen. “By joining LPL Financial, we’ll benefit from innovative technology, strategic business resources, a comprehensive product selection and the support of an industry-leading wealth management firm. This move gives us everything we need to be better advisors and do right by our clients.”
Scott Posner, LPL Executive Vice President, Business Development, said, “We extend a warm welcome to Carmen and Chris and congratulate them on the move to independence. With more freedom and flexibility, financial advisors who choose LPL are able to work more effectively, run thriving practices and create value for the evolving needs of their clients. We look forward to supporting Lex Wealth Management for years to come.”
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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 nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker dealer, member FINRA/SIPC. Lex Wealth Management and LPL 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, 2024.
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FAQ
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