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 the addition of Menninger & Associates Financial Planning to its broker-dealer and RIA platforms. The firm, managing approximately $155 million in advisory and retirement assets, transitioned from Cetera. Michael Menninger, a certified financial planner, emphasized the importance of financial education and the goal of having all advisors obtain CFP credentials. The move to LPL is seen as a strategic fit, allowing for greater operational freedom and access to advanced technology that enhances client experiences.
LPL Financial has published its Outlook 2023 report, emphasizing a theme of 'Finding Balance' as the economy adjusts after 2022's market imbalances. Key highlights include a projected slowdown in global economic growth to the mid-2% range and the possibility of a recession in the U.S. during the first half of 2023. The report suggests that a halt in the Federal Reserve's rate hikes could lead to stock market gains, with 10-year Treasury yields expected around 3.5%. The firm aims for stability in financial advisement, promoting independence for over 21,000 advisors nationwide.
LPL Financial welcomes Financial House to its platforms, expanding its advisor network. Financial House, managing approximately $650 million in assets, has shifted from Lincoln Financial to benefit from LPL's resources and independence. Founded over 30 years ago, the firm emphasizes a client-centered approach with a team of seasoned advisors. LPL aims to enhance operational efficiency and provide more opportunities for growth and recruitment for Financial House, reflecting its commitment to supporting advisor success.
LPL Financial (Nasdaq: LPLA) announced that CEO Dan Arnold will present at the Goldman Sachs 2022 US Financial Services Conference on December 7 at 10:40 a.m. ET. A live audio webcast will be available at investor.lpl.com, with a replay accessible until December 28.
LPL Financial is a leader in supporting over 21,000 financial advisors with a commitment to advisor independence and client-focused services.
LPL Financial has appointed Adam Turnquist as its Chief Technical Strategist for the Investment Research team. Turnquist brings over 15 years of investment experience, having previously worked as Vice President at Piper Sandler. His primary role will involve leading technical analysis of global capital markets and serving on the Strategic and Tactical Asset Allocation Committee, which guides over 21,000 financial advisors. This strategic hire aims to enhance LPL's market insights and technical analysis capabilities.
LPL Financial announced a strategic agreement with Commerce Bank to transition the support of Commerce Financial Advisors to its Institution Services platform. This division, comprised of nearly 30 advisors, oversees approximately $4.4 billion in brokerage and advisory assets as of November 15, 2022. The collaboration aims to enhance service experience and technological capabilities for advisors, ultimately benefiting clients seeking personalized financial advice.
LPL Financial has welcomed Plummer Wealth Strategists to its platforms, with approximately $195 million in managed assets. Founded over 30 years ago, the firm transitions leadership from Laurence Plummer, Sr. to Laurence "LV" Plummer Jr., who aims to enhance client outreach through innovative services and technology. LV emphasized a comprehensive financial planning approach, aligning with LPL's commitment to tailor client strategies. LPL's support includes advanced tools and training that will aid Plummer Wealth Strategists in their business transformation.
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.