Lpl Financial Stock Price, News & Analysis

LPL Financial Holdings Inc. (Nasdaq: LPLA) will report its second quarter financial results on July 29, 2021, after market close. A conference call to discuss these results is scheduled for 5 p.m. ET the same day. Interested parties can access the call by dialing 877-677-9122 domestically or 708-290-1401 internationally, using passcode 5050359. The conference call will be webcast on the company's Investor Relations website, with a replay available until August 19, 2021.

LPL Financial has introduced a significant feature in its Model Wealth Portfolio (MWP) platform, enhancing customization and flexibility for financial advisors. This new capability allows advisors to combine models with different risk scores and investment objectives, enabling tailored and diversified portfolios that align with client goals. Rob Pettman, an executive vice president at LPL, highlighted that this upgrade supports efficiency and scalability in advisory practices. The platform now integrates AdvisoryWorld's risk scoring methodology, facilitating more effective portfolio management.

LPL Financial (Nasdaq: LPLA) announced the addition of financial advisor Brandon Chase, who brings approximately $125 million in advisory and brokerage assets. He joins HUB Retirement and Wealth Management as Senior Vice President and Wealth Advisor. Chase aims to assist business owners in enhancing their companies' value for sale, leveraging innovative technology and resources from LPL. This partnership is expected to bolster HUB's commitment to serving business owners and further enhance LPL's advisor-centric operational model, marking a strategic growth in their financial advisory network.

LPL Financial (Nasdaq:LPLA) announced that financial advisors Susan Kaplan and Laila Pence have been recognized in Barron’s ‘Top 100 Women Advisors’, ranking No. 10 and No. 14, respectively. This recognition highlights their exceptional performance in navigating a fluctuating market. Angela Xavier, LPL's EVP, commended their dedication and contributions to the company and its clients. Furthermore, LPL Financial’s female advisors have shown consistent industry recognition, with 19 advisors listed in Forbes’ recent Top Women Wealth Advisors list.

LPL Financial LLC (Nasdaq:LPLA) announced the launch of Arise Private Wealth by advisors Steven Carlsen and Sathya Chey, who have transitioned from Wells Fargo Advisors. The new firm manages approximately $580 million in assets. Carlsen, with over 30 years of experience, focuses on retirement income planning, while Chey emphasizes effective communication. Their partnership with LPL provides access to Strategic Wealth Services, enhancing client service and operational support. The advisors highlight their commitment to ethical investing and personalized client relationships as central to their new practice.

LPL Financial has welcomed M&T Bank's retail brokerage and advisory business, comprising approximately 210 financial advisors and $22 billion in assets, to its Institution Services platform. The onboarding process began with about $14 billion of assets, including $11 billion in brokerage and $3 billion in advisory assets, with the remainder expected over several months. This partnership aims to enhance financial planning solutions for consumers and leverage LPL's technology and resources to improve customer experiences.

CHARLOTTE, N.C., June 24, 2021 (GLOBE NEWSWIRE) -- LPL Financial (Nasdaq:LPLA) announced that Brian M. Woods Financial Services, managing $1.6 billion in assets, has joined its broker-dealer, RIA, and custodial platforms from Voya Financial Advisors. Founded in 1991 by Woods, the firm employs around 30 advisors. The transition has been praised by Woods for excellent support from LPL, enhancing client service through integrated technology and tools. The partnership aims to position Woods for growth and improve client experiences.

M&T Bank has launched Wilmington Advisors @ M&T, enhancing financial advisory and retail brokerage services for clients. This initiative partners with LPL Financial to deliver tailored solutions for individuals, families, and nonprofits. A recent survey indicates that many affluent consumers plan to increase spending and investment, highlighting the need for personalized financial services. Wilmington Advisors aims to address these needs by offering comprehensive financial planning that integrates various aspects of a client’s financial life, utilizing advanced technology for improved service efficiency.

LPL Financial (Nasdaq: LPLA) announced that its investment management solution, Firm Sleeve, has surpassed $3.4 billion in assets, highlighting its personalized approach for large firms, RIAs, and institutions. Firm Sleeve, built on LPL's MWP platform, enhances client services by allowing firms to centralize investment models, saving resources and managing risks during market volatility. Launched in early 2021, this solution builds on the success of Advisor Sleeve, which reached $5.0 billion in assets by May 2021.