LPL Financial Holdings Inc. - LPLA STOCK NEWS

LPL Financial (Nasdaq: LPLA) announced that financial advisor Alex Williams, CFP®, has joined LPL's platforms to launch Stable Wealth, a new independent practice. Williams, previously with Edward Jones, reported serving approximately $170 million in assets. Based in Olympia, Washington, he brings 25 years of industry experience and focuses on retirees and the equestrian community.

Williams chose LPL for its flexibility, planning tools, and business resources. He aims to offer more holistic planning, including advanced tax and estate planning, and alternative investment opportunities. Stable Wealth will receive support from Financial Advocates, a firm offering services to independent advisors in the Pacific Northwest.

LPL Financial, founded on advisor-centric principles, serves nearly 23,000 financial advisors across approximately 1,100 institutions and 570 RIA firms nationwide. The company emphasizes advisor independence and personalized client guidance.

LPL Financial (Nasdaq: LPLA) has announced the appointment of Sushil 'Sid' Vyas as Executive Vice President and Chief Technology Officer of Infrastructure and Operations. Vyas, who brings over 25 years of experience in leading technology organizations within large financial institutions, will oversee the stability and reliability of LPL's operating platforms.

Reporting to Greg Gates, Managing Director and Chief Technology and Information Officer, Vyas joins LPL from Mizuho Americas where he served as CTO. His expertise includes managing risk platforms, driving agile transformations, leading technology delivery teams, and overseeing cloud migrations. This strategic hire underscores LPL's commitment to advancing its technology leadership and delivering a world-class operating platform to advisors and institutions.

LPL Financial (Nasdaq: LPLA) has announced that Summit Planning Group, a team of advisors previously with Lincoln Financial, has joined LPL's broker-dealer, RIA, and custodial platforms. The Summit Planning Group, founded in 1995, reported serving approximately $750 million in advisory, brokerage, and retirement plan assets. The team, based in Connecticut, includes seven financial advisors with diverse backgrounds in accounting, finance, tax, and investments.

Summit Planning Group chose LPL Financial for its stability, industry-leading capabilities, and strategic business resources. The move is expected to enhance their ability to provide customized plans and ongoing guidance for clients' complex financial situations. LPL Financial, a Fortune 500 company, serves nearly 23,000 financial advisors and is committed to supporting the advisor-mediated model in the financial services industry.

LPL Financial announced that financial advisors Justin Gore and Michael Fusco have joined their broker-dealer, RIA, and custodial platforms to create Integrity Financial Group. The new practice, which manages approximately $475 million in assets, aims to provide customized financial planning and wealth management services. Gore and Fusco, who hail from Ameriprise, bring 26 and 12 years of experience, respectively. The rebranding follows the retirement of senior partner Hugh Martin. LPL Financial's platform was chosen for its flexibility and client-first approach, aligning with Integrity Financial Group's guiding principles.

LPL Financial has released its 2024 Midyear Outlook titled 'Still Waiting for the Turn.' The report highlights continued economic growth in the U.S., exceeding expectations despite high inflation and late-cycle pressures. However, a potential slowdown is anticipated, with consumer spending expected to decelerate and labor market conditions projected to soften by year-end.

Geopolitical tensions, especially between the U.S. and China, and the upcoming U.S. presidential election are expected to increase market volatility. Key investment insights include the attractiveness of fixed income assets due to high Treasury yields and a cautious approach to equities owing to elevated valuations and potential volatility.

Chief Economist Jeffrey Roach noted the remarkable resilience of the U.S. economy, while Chief Investment Officer Marc Zabicki emphasized the importance of understanding market drivers to adapt investment strategies.

LPL Financial has welcomed father-daughter advisors Dan and Olivia Countiss, who have launched Countiss Wealth Management. The new independent practice will leverage LPL's broker-dealer, RIA, and custodial platforms. Together, they manage approximately $200 million in advisory, brokerage, and retirement plan assets. Dan, a U.S. Army veteran, and Olivia, a financial advisor since 2019, bring nearly 25 years of combined experience. The move aims to enhance client services with improved financial planning, greater investment flexibility, and advanced technology. Joining them are Investment Analyst Chandler Duke and Client Services Associate Christy Walker.

LPL Financial Holdings announced it will release its second quarter 2024 financial results on July 25, 2024, after market close. A conference call to discuss the results is scheduled for 5 p.m. ET on the same day. This call will be accessible for replay at investor.lpl.com/events.

LPL Financial, a leader in the financial advisory market, serves nearly 23,000 advisors, including those at approximately 1,100 institutions and 570 registered investment advisor firms nationwide. The company emphasizes independence, allowing advisors to select the business models, services, and technology resources that best suit their needs.

LPL Financial announced that seasoned advisor Jim Zack and his daughter Amanda Zack have joined LPL's employee advisor channel, Linsco by LPL Financial, to establish The Zack Wealth Group. They previously served approximately $290 million in advisory, brokerage, and retirement plan assets at Morgan Stanley. The Zacks are based in Washington, D.C. Jim Zack, who has been fascinated by the stock market since his youth, emphasized their service-oriented, client-centered approach.

Amanda Zack joined her father's practice eight years ago, and they decided to move to Linsco for more flexibility and independence. Linsco provides advisors with access to LPL's integrated wealth management platform and various business resources, along with support from experienced branch management, marketing consultants, technology consultants, and service teams. Jim Zack noted the ease and freedom of running their practice at LPL, which aligns with their family-focused approach.

LPL's Executive Vice President, Scott Posner, welcomed the Zacks and highlighted LPL's commitment to providing advisors the flexibility and support needed to differentiate themselves and enhance the client experience. LPL Financial serves nearly 23,000 financial advisors and emphasizes the importance of independence and personalized client guidance.

LPL Financial announced that First Summit Capital Management has joined their broker-dealer, RIA, and custodial platforms. First Summit, led by Thomas J. Cooney and Mark Freed, manages approximately $380 million in assets. The move aligns them with Momentum Wealth Partners, an LPL-affiliated firm. Cooney and Freed bring extensive experience in financial services and wealth management. They aim to leverage LPL Financial's capabilities to provide personalized investment strategies and comprehensive financial planning. LPL's open architecture platform and robust business solutions were significant factors in their decision to join.