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 wealth management and investment advice company that operates in the financial advisor–mediated marketplace. Through LPL Financial LLC and related entities, the firm supports tens of thousands of financial advisors and the wealth management programs of numerous financial institutions, servicing and custodying brokerage and advisory assets for millions of Americans.
This news page highlights LPLA-related developments, reflecting how the company grows and manages its platform. Readers can find coverage of advisor teams and firms choosing to join LPL’s broker-dealer and Registered Investment Advisor platform or its employee advisor channel, including practices such as Oak Bridge Financial, Rand, Williams & Associates and Forest Lake Wealth Partners. These stories illustrate why advisors transition to LPL, often citing autonomy, technology capabilities, operational flexibility and support.
News items also include leadership and governance updates, such as appointments of senior executives in areas like supervision, service, legal and corporate strategy, as well as the election of independent directors to the board. In addition, LPL issues releases on its earnings release schedule, monthly activity metrics and research publications like the firm’s 2026 Outlook, which provides a data-driven view of the economic and market environment.
Investors, advisors and other interested readers can use this page to follow recurring themes in LPL’s news flow, including advisor recruitment, corporate strategy, board composition, regulatory and legal leadership, and platform growth indicators. By reviewing these updates over time, users gain insight into how LPL manages its wealth management platform and supports the advisors and institutions that rely on its services.
LPL Financial (Nasdaq:LPLA) announced that M&T Bank has successfully closed its merger with People's United Bank as of April 1, 2022. M&T plans to onboard People’s United’s retail advisory and brokerage business to LPL’s platform in the latter half of 2022. This business involves approximately 30 financial advisors managing around $6 billion in advisory assets. M&T Bank aims to leverage LPL’s technology and digital capabilities to enhance profitability and client service. LPL is committed to supporting M&T’s expansion through its integrated platform.
LPL Financial (Nasdaq:LPLA) has welcomed financial advisor Michael Gavett to its platform, launching Bespoke Private Wealth in Dallas. Gavett, previously at B. Riley Wealth Management, manages approximately $265 million in advisory assets. With nearly 25 years in finance, he emphasizes personalized client service and strategic financial planning. The new Linsco office will allow for future advisor expansions, supported by LPL's comprehensive resources and innovative technology. Executive Scott Posner highlighted LPL's commitment to empowering advisors with the tools needed for success.
LPL Financial (Nasdaq: LPLA) announced key management changes, effective May 2, 2022. Kabir Sethi will join as Chief Product Officer, focusing on tech advancements and wealth management solutions. Meanwhile, Matt Enyedi transitions to oversee National Sales and Marketing, enhancing LPL's advisor relationships. Both will report to President and CEO Dan Arnold, who emphasized the importance of strong leadership in driving growth and innovation. Sethi's experience at Merrill Lynch and Enyedi's long tenure at LPL position the firm for future success in the advisor-centric market.
LPL Financial (Nasdaq: LPLA) has welcomed financial advisor Robert Mitchell, who brings approximately $425 million in advisory assets, to its Linsco by LPL Financial employee advisor model. This move aims to enhance service quality for Mitchell's growing client base. Mitchell, supported by a skilled team, values LPL's commitment to comprehensive resources and personalized client attention. LPL's new Greensboro office will serve as the site for Mitchell's team, promising innovative tools and a tailored approach to client financial management.
LPL Financial (Nasdaq: LPLA) announced the launch of Platte River Private Wealth, an independent practice by advisors Chad Keeler and Brock Rouch. The team serves approximately $380 million in advisory and brokerage assets and transitioned from Morgan Stanley to leverage LPL’s robust support and resources. Based in Casper, Wyoming, they focus on high-net-worth retirees and aim to enhance client experiences through personalized financial planning. LPL's Strategic Wealth Services provides ongoing support to facilitate their independent journey.
LPL Financial has launched Paraplanning Services to assist advisors, RIAs, and institutions in delivering financial planning services. This initiative aims to enhance client relationships by providing experienced support. Currently, about 150,000 advisors offer financial planning, with an estimated 20,000 more expected to join in the next three years. Paraplanners will work closely with advisors to create comprehensive financial plans using various planning software. This service marks the start of several new offerings from LPL aimed at expanding advisory services.
LPL Financial announced the addition of Theresa M. Hannon CPA and Kevin Hannon CFP to its platform, joining from American Portfolios Financial Services. The Hannon team manages approximately $175 million in advisory and brokerage assets. By partnering with Professional Wealth Advisors, they aim to enhance client service through improved technology and support. This move aligns with their client-centric values, promising elevated customer service and operational support. LPL continues to strengthen its network, focusing on providing personalized financial guidance.
LPL Financial announced that 119 affiliated advisors were ranked in the 2022 Best-In-State Wealth Advisors list by Forbes, an increase from 92 last year. LPL's executive vice president Angela Xavier praised the advisors for their commitment to client service and professionalism. The list evaluates advisors based on various criteria, including client retention and revenue trends. LPL Financial, a leader in the advisory sector, supports nearly 20,000 advisors nationwide, emphasizing a client-centric, independent model in wealth management.
LPL Financial has welcomed Northern Lakes Financial Group into its broker-dealer and investment advisor platforms. The group, which joined from Thrivent Investment Management, reported managing approximately $120 million in advisory and retirement plan assets. Comprised of father-daughter team Robert Viau and Liz Mengo, alongside client support specialist Kamryn Nardini, the group aims to provide tailored financial guidance. Their decision to partner with LPL stems from a desire for a flexible business model and enhanced technological support to better serve their clients.
LPL Financial (Nasdaq: LPLA) announced the affiliation of financial advisor Gary Edmonds and business management associate Andy Chang with Linsco by LPL Financial. The team, servicing approximately $360 million in advisory assets, joins from UBS Financial Services. Their move aims to enhance client services through increased independence and access to innovative technology. The Linsco model provides comprehensive support, enabling advisors to focus on client relationships while utilizing LPL's integrated wealth management platforms.