Welcome to our dedicated page for LPL Financial Holdings news (Ticker: LPLA), a resource for investors and traders seeking the latest updates and insights on LPL Financial Holdings stock.
LPL Financial Holdings Inc. (Nasdaq: LPLA) is a premier player in the retail financial advice market, renowned for its independent broker-dealer services. Founded on the principle that the firm should serve advisors and institutions, LPL has built a robust platform that includes proprietary technology, comprehensive clearing and compliance services, practice management programs, and independent research. The company supports over 22,000 financial advisors and nearly 1,100 enterprises across the United States, including approximately 570 registered investment advisor (RIA) firms.
As of 2023, LPL's advisors manage over $1.3 trillion of client assets, reflecting the firm's substantial influence in the financial advisory domain. The company offers a wide range of services designed to help financial advisors and institutions thrive in their respective markets. These include brokerage and investment advisory services, retirement plan advisory, and customized financial planning.
LPL Financial is also committed to technological innovation. The company's proprietary tech solutions are crafted to enhance operational efficiency and client service quality. Recent achievements include the onboarding of the wealth management business of Crown Capital Securities, a full-service broker-dealer and RIA headquartered in Orange County, California. This acquisition is expected to bring approximately $5 billion of assets under LPL's management, further expanding its market reach.
LPL Financial consistently ranks as a leader in the independent broker-dealer sector. The firm has been recognized by Financial Planning Magazine as the largest independent broker-dealer based on total revenues from 1996 to 2015. Moreover, the company is one of the fastest-growing RIA custodians, underscoring its pivotal role in the financial services industry.
LPL's financial condition remains strong, with significant increases in advisory and brokerage assets. As of February 2024, the company reported $1.40 trillion in total assets, marking a 3.0% increase from the previous month. This growth is complemented by a 6.0% annualized growth rate in total net new assets for February, showcasing the firm's continued expansion and market penetration.
The company is also dedicated to supporting the growth and success of its advisors. LPL's extensive range of practice management programs and comprehensive training ensure that advisors are well-equipped to meet their clients' financial goals. Solutions such as the Liquidity & Succession platform and the integration of technology and business solutions help advisors streamline their operations and deliver superior client experiences.
LPL Financial maintains a strong commitment to its core values of independence and client-centric service. By providing advisors with the freedom to choose their business models, services, and technology resources, LPL ensures that they have the flexibility to run their practices on their terms. This client-first approach has solidified LPL's reputation as a trusted partner for financial advisors and institutions nationwide.
In summary, LPL Financial Holdings Inc. stands out for its comprehensive suite of services, technological innovation, and unwavering commitment to supporting the success of financial advisors and institutions. With its strong financial performance and strategic acquisitions, LPL continues to be a leader in the independent broker-dealer and RIA custodian markets.
LPL Financial has released its 2025 Outlook titled 'Pragmatic Optimism,' providing a comprehensive analysis of economic and market expectations. The report projects a downshift in economic growth through 2025 with slower consumer spending, while maintaining elevated bond yields between 3.75% and 4.25% for the 10-year Treasury.
The outlook anticipates modest stock market gains supported by a stable economy, solid corporate profits, and a more neutral Federal Reserve. Alternative investments, particularly equity market-neutral, global macro, and managed futures strategies, are highlighted as opportunities. The report also expects strong commodity demand driven by infrastructure projects and data center development, with the U.S. dollar maintaining its strength in 2025.
LPL Financial hosted its sixth annual Achieve conference in Washington, D.C., highlighting significant growth in its women advisor network. The firm now boasts over 5,400 registered female representatives, marking a 10% increase from the previous year with 547 new female advisors joining in 2024.
During the conference, CEO Rich Steinmeier emphasized the importance of women's perspectives in providing personalized financial advice. The event featured Capitol Hill tours, meetings with lawmakers, and a keynote speech by negotiation expert Alex Carter.
A key highlight was the recognition of 20 Rising Stars, women financial advisors and program managers demonstrating accelerated business growth and leadership potential. The Rising Star program, launched in 2018, celebrates next-gen leaders in high-performing practices, programs, or institutions.
LPL Financial announced that financial advisor Francisco J. Blanco has joined their platforms, bringing approximately $200 million in assets from JP Morgan Chase. Blanco has merged with Stonebrook Wealth Management, founded by Joe Mazzucco in 2019, forming Stonebrook Wealth Partners in Fort Lauderdale, FL.
The merger follows Blanco's decision to become independent after 12 years in financial services. Stonebrook Wealth Partners offers financial guidance, fiduciary investment management, and retirement planning services without sales goals or proprietary products. The firm also provides business support services to other financial advisors.
LPL Financial (LPLA) currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial (Nasdaq: LPLA) announced that financial advisors Amanda Miller, Devin Richard, and Jonathan Vila of Frontline Investment Advisors have joined LPL's broker-dealer, aligned with GradePoint Financial. The team, which managed approximately $550 million in assets, transitions from VALIC Financial Advisors.
Based in Tampa, Florida, the team specializes in serving frontline workers, particularly school employees, sheriff's office personnel, and medical professionals. With 50 years of combined experience, they focus on the Florida Retirement System, Deferred Retirement Option Program, and healthcare 403(b) plans market.
The move to LPL aims to provide broader investment strategies, improved processing efficiency, enhanced technology, and better client experience. LPL currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in assets for 6 million clients.
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.
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