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.
LPL Financial LLC reported significant growth in its May 2022 activity report, showcasing total advisory and brokerage assets of approximately $1.12 trillion, marking a 2.2% increase from April. Total net new assets reached $24.8 billion, reflecting a 27.2% annualized growth rate. Notably, client cash balances grew by $5.3 billion to $67.1 billion in May. The firm onboarded $18.2 billion in brokerage assets and $1.3 billion in advisory assets, with total net new advisory assets at $5.1 billion.
LPL Financial (Nasdaq: LPLA) has announced that Encore Capital Management has joined its broker-dealer and registered investment advisor platform. With approximately $205 million in assets, Encore Capital, led by Ara Mekhitarian and Leonardo Aguilar, aims to provide enhanced client services through LPL's integrated resources. The move is intended to support their clients better amidst a changing financial environment. Scott Posner of LPL praised the dedication of the Encore Capital team and highlighted the significance of their alignment with The Financial Services Network.
LPL Financial announced that CFO Matt Audette will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14 at 11 a.m. ET. The presentation will be accessible via a live audio webcast at investor.lpl.com, with a replay available until July 5. LPL Financial is a leader in serving over 20,000 financial advisors, offering them the resources to provide personalized client guidance. The firm emphasizes an advisor-centered model, enabling independence and tailored business strategies.
LPL Financial (Nasdaq:LPLA) has onboarded approximately $11 billion in client assets from CUNA Brokerage Services, with $10 billion in brokerage and $1 billion in advisory assets. This transition involves about 550 financial advisors serving over $36 billion in assets. The remaining assets worth ~$21 billion are set for onboarding in the coming months. The partnership aims to enhance personalized financial guidance for credit union members while leveraging LPL's technology and data capabilities.
LPL Financial LLC reported a significant decrease in total advisory and brokerage assets, dropping to approximately $1.10 trillion at April's end, a decline of $67 billion or 5.8% from March 2022. However, total net new assets for April were $1.9 billion, reflecting a 2.0% annualized growth rate. The company also saw total net new advisory assets reach $2.2 billion with a 4.2% annualized growth rate. Client cash balances remained stable at $61.8 billion, while April net buying activity was $3.1 billion.
LPL Financial announced that financial advisor Randall Pickett and wealth associate Leslie Stephenson have joined Linsco by LPL Financial. Located in Dallas, their team, known as The Pickett Group, manages approximately $180 million in advisory assets. With nearly 35 years of experience, Pickett aims to provide personalized financial consulting. Linsco offers advisors autonomy, digital services, and marketing support. Pickett expressed excitement about leveraging LPL’s integrated platform to enhance client experiences and grow their business.
LPL Financial announced the launch of Carmack Capital Management by financial advisor Peter Carmack, who brings approximately $510 million in advisory, brokerage, and retirement assets. Transitioning from Wells Fargo Advisors, Carmack aims to offer tailored financial strategies for clients. He emphasized the importance of personalized service in today’s evolving financial landscape. LPL’s support through innovative technology is intended to enhance Carmack's ability to meet client needs and provide high-quality care.
LPL Financial announced that financial advisor Nick Bevad has joined the firm in association with Claritas Financial Partners. Bevad, who previously managed approximately $135 million in assets at Merrill Lynch, brings 16 years of experience in the financial sector. He emphasizes personalized client strategies and has a focus on community service. LPL's Strategic Wealth Services offers resources that allow advisors to enhance their practice and client services. The partnership aims to expand Bevad's reach in New Jersey and Long Island.
LPL Financial LLC (Nasdaq: LPLA) announced the appointment of Brett Goodman as executive vice president of Corporate Development and Investor Relations. Goodman will oversee M&A strategies and enhance shareholder engagement, reporting to CFO Matt Audette. Previously a managing director at Morgan Stanley, Goodman has a proven track record in wealth management and corporate development. He expressed enthusiasm about joining LPL, citing the firm's strong growth and commitment to financial advisors.
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