Welcome to our dedicated page for Lpl Financial news (Ticker: LPLA), a resource for investors and traders seeking the latest updates and insights on Lpl Financial stock.
LPL Financial Holdings Inc. operates a wealth management platform for financial advisors, broker-dealer representatives, registered investment advisers and financial institutions. News about LPLA centers on advisor and team affiliations, broker-dealer and RIA platform growth, custody and advisory asset trends, and affiliation models such as Linsco and LPL Independent Advisor Network.
Company updates also cover quarterly financial results, organic and recruited asset flows, client cash balances, capital and liquidity measures, dividends, technology and practice-management services, investment solutions, and advisor support programs such as its military deployment practice continuation framework.
LPL Financial announced that CEO Rich Steinmeier and President/CFO Matt Audette will present at the Goldman Sachs Financial Services Conference on December 10 at 10:00 a.m. ET. The presentation will be available via live audio webcast at investor.lpl.com, with replay access provided afterward.
LPL Financial (Nasdaq: LPLA) is one of the fastest-growing wealth management firms in the U.S., supporting over 28,000 financial advisors and approximately 1,200 financial institutions. The company services and custodies about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans, offering various advisor affiliation models, investment solutions, fintech tools, and practice management services.
LPL Financial announced that Argosy Financial, led by James P. Norris, has joined LPL's broker-dealer, RIA and custodial platforms, transitioning from Centaurus Financial. The Arizona-based practice manages approximately $250 million in advisory, brokerage and retirement plan assets. Norris, who has over 20 years of experience and was previously affiliated with LPL, returns to the firm citing its robust technology and resources as key factors. The move aligns with LPL's growth strategy, as the firm currently supports more than 28,000 financial advisors and manages approximately $1.6 trillion in brokerage and advisory assets for 8 million Americans.
LPL Financial (LPLA) has appointed Renana Friedlich as executive vice president and chief information security officer (CISO). With over 20 years of cybersecurity experience, Friedlich will lead the firm's cybersecurity strategy and protect its IT infrastructure. She previously served as deputy CISO at PayPal, managing 120 security professionals. LPL Financial, a leading wealth management firm, supports over 28,000 financial advisors and 1,000 financial institutions, managing approximately $1.6 trillion in brokerage and advisory assets for 8 million Americans.
LPL Financial announced that financial advisors Will Beck, Mike Macfarlane, Tyler Vongsawad, and Sam Rosen have joined LPL's platforms to launch Happier Wealth, bringing approximately $250 million in assets from Northwestern Mutual. Located in Pleasant Grove, Utah, the team has over 70 years of collective experience and provides comprehensive financial planning services. The advisors chose LPL for its true independence, absence of proprietary investment products, and advanced technology platform. Happier Wealth focuses on helping clients live fulfilling lives through investment management, tax planning, retirement planning, and estate planning services.
LPL Financial reported total advisory and brokerage assets of $1.67 trillion for October 2024, marking a 5.1% increase from September. Total net new assets reached $96.6 billion, including $88.0 billion from the Atria Wealth Solutions acquisition. Organic net new assets were $8.3 billion, representing a 6.2% annualized growth rate. Client cash balances increased to $48.3 billion, up $2.5 billion from September. Net buying activity was $12.5 billion, while advisory assets grew to $910.6 billion and brokerage assets reached $762.7 billion.
LPL Financial announced that Strata Financial Group, a team managing over $350 million in assets, has joined LPL's broker-dealer, RIA and custodial platforms from Osaic. The Ohio-based firm, founded in 1998, operates in Sheffield Village and Dublin, serving clients nationwide. The team includes financial advisors Tony Campagni, Ronald Jurczynski, Mitchell Romeo, Kyle Hancharick, and Dominic Elmo. The group chose LPL for its transparency, robust public presence, and enhanced resources to better serve their clients through comprehensive financial services, tax strategies, and investment planning.
Prudential Financial and LPL Financial have completed their strategic integration, announced in August 2023. The partnership transitions Prudential's retail broker-dealer and investment advisory services to LPL Enterprise. LPL now supports over 2,800 Prudential Advisors financial advisors serving 3.5 million American families. LPL has invested more than $300 million in platform technology and integration. Approximately $25 billion in assets have been onboarded to the LPL platform, with the remaining $35 billion expected to transfer in the coming months.
LPL Financial announced that Prosperity Investment Management has joined LPL's broker-dealer, RIA and custodial platforms, bringing approximately $140 million in advisory, brokerage and retirement plan assets from Osaic. The Chico, California-based firm, founded by Robert Anderson and now led by his son RJ Anderson, offers investment management, financial planning, retirement planning, and estate planning services. The team chose LPL for its technology, scale, and service commitment, with Rob Anderson returning to LPL where he previously worked from 1990 to 2004.
LPL Financial hosted its annual conference for bank and credit union program managers, attracting over 150 clients from its Institution Services business. The event highlighted a 19% year-over-year increase in client assets from the institutions channel as of Q3. The conference featured sessions on digital transformation, client engagement strategies, and sustainable investing insights. LPL Financial serves over 23,000 financial advisors, including those at approximately 1,000 institutions and 580 registered investment advisor firms nationwide.
LPL Financial announced that financial advisors Ryan Kirby and Michael Alvarez have joined their platforms from U.S. Bank, bringing approximately $540 million in advisory, brokerage and retirement plan assets. The advisors will align with Seapoint Wealth Advisors under LPL's Strategic Wealth Services, which provides entrepreneurial freedom with operational support. Based in San Diego, they will become managing directors at Seapoint and open a new downtown office, supported by sales associate Leon Aceituno. The move aims to enhance client service through LPL's flexible platform and independent business model.