Lpl Financial Stock Price, News & Analysis

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LPL Financial welcomes financial advisor Lisa Tesar to their Linsco employee model, managing approximately $260 million in assets. Tesar, a second-generation advisor, aims to provide personalized financial advice primarily to high-net-worth clients focusing on retirement income. Her team was attracted to LPL for its brand autonomy and supportive resources that facilitate personalized client service. LPL continues to emphasize its commitment to advisor-centered models allowing for growth and independence.

LPL Financial Holdings Inc. (LPLA) will announce its first quarter financial results on April 28, after market closure. A conference call is scheduled for 5 p.m. ET that day, providing insights into the company's performance. Investors can listen via phone or access a live webcast on the Investor Relations website. A replay of the call will be available until May 19. LPL Financial, a leader in the advisory sector, supports nearly 20,000 financial advisors across the U.S., focusing on an advisor-centered model for personalized client guidance.

LPL Financial has enhanced its Model Wealth Portfolios (MWP) platform by adding separately managed account (SMA) strategies, creating a unified managed account (UMA) that allows advisors to combine SMAs with other investment models. This development enables tailored investment strategies with lower minimums for clients, providing transparency and better tax management opportunities. LPL aims to deliver a superior wealth management platform, emphasizing advisor input for continuous improvement. As of December 31, 2021, MWP manages over $83 billion in assets.

On March 28, 2022, LPL Financial announced the launch of a new independent practice, Alcove Private Wealth, by advisors Leslie Shenkler and Daryl Lipkin. The duo, transitioning from UBS, manages approximately $265 million in advisory assets. With over 25 years in the industry, Shenkler holds a Chartered SRI Counselor designation, while Lipkin is a Certified Investment Management Analyst. They chose LPL Strategic Wealth Services for independence and flexibility to better serve clients, emphasizing a client-centered culture and personalized support.

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LPL Financial has welcomed Floe Financial Partners back to its broker-dealer and advisory platforms. The Floe team, managing approximately $345 million in assets, migrates from Wells Fargo Advisors. With over 65 years of combined experience, they focus on personalized wealth management, including investment and estate planning. The team aims to utilize LPL's advanced technology and support solutions for enhanced client service, while also planning to expand by adding junior advisors. LPL expresses commitment to supporting Floe's growth and client engagement initiatives.

LPL Financial announced that 22 of its affiliated advisors have been recognized in Barron’s 2022 list of the Top 1,200 Financial Advisors in America, an increase from 17 last year. This recognition highlights the quality of their practices, assets under management, and philanthropic efforts. LPL continues to support nearly 20,000 financial advisors nationwide, focusing on providing innovative technology and robust solutions to help advisors meet client needs. Barron’s aims to raise industry standards through these rankings, which included data from approximately 6,000 advisors.

LPL Financial LLC, a subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA), reported a decrease of approximately $13 billion in total advisory and brokerage assets, now at $1.14 trillion, a drop of 1.1% from January 2022. Despite this, the firm achieved net new assets of $5.2 billion in February, reflecting a robust 5.4% annualized growth rate. Client cash balances rose by $2.1 billion to $60.5 billion, indicating increased liquidity among clients. The detailed performance metrics will inform investors about the company's trajectory as they approach upcoming earnings announcements.