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) provides essential technology and support services to over 22,000 financial advisors nationwide. This page serves as the definitive source for official company announcements, financial results, and strategic developments.
Access real-time updates including quarterly earnings disclosures, regulatory filings, and technology initiatives that shape the advisor-mediated wealth management landscape. Our curated collection ensures investors and professionals stay informed about operational milestones, partnership agreements, and compliance updates critical to understanding LPLA's market position.
Explore press releases covering advisor recruitment trends, platform enhancements, and industry thought leadership. All content is sourced directly from LPL Financial's corporate communications, maintaining factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to LPLA's financial narrative. For historical context, combine these updates with our detailed company profile analyzing LPLA's broker-dealer business model and competitive differentiators.
Holistiplan announced a partnership with LPL Financial on November 17, 2022, enabling LPL's nearly 21,000 financial advisors to access Holistiplan's tax planning software at a discounted rate. This integration aims to enhance advisors' tax-related services, offering extensive training and best practices. Since its launch in July 2019, Holistiplan has experienced rapid growth, with over 13,000 users, and has been recognized as the top tax planning software for advisors in recent surveys. This move reflects LPL's commitment to providing comprehensive wealth management tools.
LPL Financial LLC, a subsidiary of LPL Financial Holdings (Nasdaq: LPLA), reported a significant increase in total advisory and brokerage assets, reaching $1.09 trillion by the end of October 2022, up $48.2 billion (4.6%) from September. The company registered net new assets of $4.0 billion, reflecting a 4.6% annualized growth rate. However, client cash balances decreased by $1.6 billion to $65.2 billion, despite a robust net buying activity of $7.7 billion. The report highlights an ongoing strategic focus on asset growth and client engagement.
LPL Financial announced that financial advisor Tim Truebenbach has joined its employee advisor channel, Linsco by LPL Financial. Truebenbach, with over 25 years of experience and approximately $350 million in advisory assets, previously worked at Morgan Stanley. He aims to enhance client services through personalized financial planning and asset allocation. The Linsco model supports advisors with independence while providing access to advanced technology and resources, allowing them to focus on client needs. LPL's commitment to advisor-centric solutions aligns with Truebenbach's goals for his new venture.
LPL Financial Holdings Inc. (Nasdaq: LPLA) will conduct an Investor and Analyst Day on November 16, from 9:00 a.m. to 12:30 p.m. ET in New York City. The event, which focuses on engaging stakeholders, will also feature a presentation accessible on the Company's Investor Relations website at 8:00 a.m. ET on the same day. A live webcast will start at 8:30 a.m., with a replay available until December 7. In-person attendance requires prior registration, and further details can be obtained via email.
LPL Financial announced that Cadence Bank plans to onboard the investment business of legacy BancorpSouth Bank to LPL’s platform in Q4 2022. This merger, which closed in October 2021, involves over 25 financial advisors managing approximately $2.5 billion in brokerage and advisory assets as of September 30, 2022. Cadence Bank's president emphasized the decision to leverage LPL’s integrated platform to enhance their retail advisory services. LPL Financial's commitment to offering technology and resources aims to support its institutional partners in growing profitability.
LPL Financial has announced that Artiea Capital Management, which manages approximately $630 million in advisory and retirement assets, has joined its platform from Wells Fargo. The Artiea team, led by experienced financial advisors, emphasizes personalized financial planning and a comprehensive approach to investment management. They chose LPL for its enhanced tools and resources, allowing for a customized client experience. This partnership aligns with LPL's commitment to supporting independent advisors and fostering innovation within its network of over 21,000 advisors.
LPL Financial (Nasdaq: LPLA) has announced that Legacy Financial Advisors, formerly known as the Clements Group, is joining its broker-dealer, RIA, and custodial platforms under the JFC Advisor Network. With approximately $120 million in assets under management, the Legacy team aims to enhance client services through LPL’s technology and support. Bill Clements emphasizes their commitment to personalized financial planning, while JFC Advisor Network’s leadership welcomes the partnership, highlighting its potential for growth and success.
LPL Financial Holdings Inc. (NASDAQ: LPLA) has entered a definitive purchase agreement to acquire Financial Resources Group Investment Services (FRGIS), an LPL branch office headquartered in Fort Mill, South Carolina. The acquisition involves approximately 800 advisors and 85 financial institutions with around $40 billion in client assets. The deal, structured as an equity purchase, is valued at $140 million, anticipated to close in early 2023, pending regulatory approvals. FRGIS will operate independently post-acquisition, retaining its brand and management.
LPL Financial (Nasdaq: LPLA) announced that its Model Wealth Portfolios (MWP) advisory platform received the Wealth Management Platform of the Year award from the Money Management Institute and Barron’s. This recognition highlights LPL's commitment to innovation and improved outcomes for investors and advisors.
The MWP program, offering mutual funds, ETFs, and separately managed accounts, has seen significant growth in usage. Recent enhancements include new scalable SMAs and improved user interface, based on advisor feedback, aimed at delivering tailored solutions for clients.
LPL Financial announced that Barney Financial Services has joined its platforms, serving approximately $200 million in advisory, brokerage, and retirement assets. Founded in 1997 by Ronald Eckloff, Barney Financial aims to enhance client service through innovative technology and increased support after rejoining JFC Advisor Network. The team prioritizes proactive financial planning for retirees. LPL welcomes the team, citing the value of its resources and commitment to advisor independence as key benefits for their clients.
