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. (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 Holdings (Nasdaq: LPLA) has announced it will release its fourth quarter and full year 2024 financial results after market close on Thursday, January 30, followed by a conference call at 5 p.m. ET. The call will be accessible via investor.lpl.com/events.
As one of the fastest growing wealth management firms in the U.S., LPL Financial supports over 28,000 financial advisors and approximately 1,200 financial institutions. The company currently services and maintains custody of about $1.8 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. LPL provides various advisor affiliation models, investment solutions, fintech tools, and practice management services.
LPL Financial (NASDAQ: LPLA) announced that father-son financial advisors Bart and Alex Lewellyn have joined LPL's broker-dealer, RIA and custodial platforms from Osaic, bringing approximately $320 million in advisory, brokerage and retirement plan assets.
Based in Medford, Oregon, the team has rebranded from Lewellyn Financial Management to Lewellyn Wealth. The practice, established by Bart in 1995, provides investment services, retirement planning, insurance strategies, and complex planning services to clients including lineman engineers, business owners, and multigenerational families.
LPL Financial currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets on behalf of 6 million Americans.
LPL Financial announced that financial advisor John Somerville has joined their employee advisor channel, Linsco by LPL Financial, to launch Somerville Wealth Management. Somerville, who transitions from D.A. Davidson & Co., brings approximately $280 million in advisory, brokerage and retirement plan assets and will operate from a new Linsco office in Santa Barbara, California.
With over 40 years of industry experience, Somerville's practice focuses on serving business owners, professionals, and high-net-worth families through comprehensive financial planning. He chose Linsco by LPL for its innovative technology, enhanced service experiences, and the ability to maintain independence while receiving support from branch management, marketing consultants, and other resources.
LPL Financial Holdings (LPLA) currently supports more than 28,000 financial advisors and 1,200 financial institutions, managing approximately $1.8 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial announced significant updates to its financial technology and platform infrastructure, highlighting its $500 million investment in technology innovation during 2024. The company implemented over 250 new product enhancements affecting advisor, institution, and client experiences, including a strategic integration with Prudential Financial.
Key developments include the launch of AI Advisor Solutions, a program helping advisors balance AI tools with compliance management, and various tech enhancements such as a modernized money movement process, redesigned mobile app, enhanced client reporting, and updated ClientWorks features. LPL also strengthened its technology leadership by appointing Sid Vyas as EVP, CTO of Infrastructure and Operations, and Renana Friedlich as EVP, Chief Information Security Officer.
LPL Financial (LPLA) reported significant growth in November 2024, with total advisory and brokerage assets reaching $1.76 trillion, a 5.1% increase from October. Total net new assets were $35.0 billion, including $34.2 billion in organic net new assets, representing a 25.9% annualized growth rate. The company successfully onboarded $26.3 billion of assets from Prudential Advisors while client cash balances increased to $50.5 billion. Net buying activity was strong at $12.4 billion, and advisory assets showed impressive growth with organic net new advisory assets of $27.9 billion, translating to a 37.6% annualized growth rate.
LPL Financial announced that financial advisor Jeffrey Grange has joined their employee advisor channel, Linsco by LPL Financial, to launch Grange Wealth Management. Grange, who previously served at D.A. Davidson & Co., brings approximately $300 million in advisory, brokerage and retirement plan assets to LPL. Operating from a new Linsco office in Santa Barbara, California, Grange primarily serves high-net-worth individuals and affluent families.
The move was motivated by LPL's extensive size, scale, and ability to operate without conflicts of interest. Through Linsco, Grange gains access to LPL's integrated wealth management platform and business resources, while receiving support for operations, technology, and administrative tasks.
LPL Financial has promoted Marc Cohen to Managing Director of Business Strategy and Innovation, joining the Management Committee. Cohen will lead corporate strategy development, affiliation strategy for independent advisors, large enterprises, and institutional channels, while also heading business services offerings and the innovation lab. Since joining LPL in 2018, Cohen has been instrumental in developing new advisor affiliation models and supporting wirehouse breakaways and RIAs. LPL Financial, trading as LPLA on Nasdaq, currently supports over 28,000 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) announced that Prestige Wealth Group (PWG) has joined their broker-dealer, RIA and custodial platforms from Osaic. The team, led by managing partners Rich Galgano and Matt Geraci, serves approximately $540 million in advisory, brokerage and retirement plan assets. Based in Franklin Lakes, N.J., and Westchester, Pa., PWG focuses on high-net-worth clients, offering holistic financial planning services.
The transition to LPL was driven by the firm's advanced technology, strategic support, and dedication to advisor empowerment. LPL Financial 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 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.
FAQ
What is the current stock price of Lpl Financial (LPLA)?
What is the market cap of Lpl Financial (LPLA)?
What services does LPL Financial offer?
How many financial advisors does LPL support?
What is the total value of assets managed by LPL advisors?
What recent acquisitions has LPL Financial made?
What is LPL Financial's commitment to technology?
What are LPL Financial's core values?
How does LPL Financial support the growth of its advisors?
What is the significance of LPL's market position?
How does LPL ensure the success of its advisors?
What are LPL's recent financial performance highlights?
