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) provides essential technology and support services to over 22,000 financial advisors nationwide. This page serves as the definitive source for official company announcements, financial results, and strategic developments.
Access real-time updates including quarterly earnings disclosures, regulatory filings, and technology initiatives that shape the advisor-mediated wealth management landscape. Our curated collection ensures investors and professionals stay informed about operational milestones, partnership agreements, and compliance updates critical to understanding LPLA's market position.
Explore press releases covering advisor recruitment trends, platform enhancements, and industry thought leadership. All content is sourced directly from LPL Financial's corporate communications, maintaining factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to LPLA's financial narrative. For historical context, combine these updates with our detailed company profile analyzing LPLA's broker-dealer business model and competitive differentiators.
LPL Financial announced that William "Bill" Fenwick of Fenwick Financial has joined LPL Financial's broker-dealer, RIA and custodial platforms. Fenwick, a retired U.S. Marine Corps officer with 38 years of experience in financial services, reported serving approximately $210 million in advisory, brokerage and retirement plan assets. He joins LPL from First Kentucky Securities.
Fenwick's decision to join LPL was driven by his commitment to the fiduciary standard and LPL's resources to support advisors. His son, William "Trey" Fenwick, III, plans to join the practice in the coming months, ensuring continuity for clients. Scott Posner, LPL Executive Vice President, Business Development, welcomed Fenwick and highlighted LPL's support for advisors' growth and succession plans.
LPL Financial Holdings Inc. (Nasdaq: LPLA) has announced key leadership changes. Rich Steinmeier has been confirmed as Chief Executive Officer and elected to the Board of Directors. Matt Audette has been named President and Chief Financial Officer, expanding his previous role. These appointments are effective immediately.
Steinmeier, who had been interim CEO since October 1, has been recognized for his valuable contributions and trusted relationships with clients and employees. Under his leadership, LPL's organic growth rate has more than doubled since he joined in 2018. The Board expressed confidence that LPL's high performance and commitment to serving clients will continue to build stakeholder value under Steinmeier's leadership as CEO and Audette's expanded role as President.
Both Steinmeier and Audette emphasized their commitment to elevating service to clients, providing rewarding careers for employees, and building on LPL's momentum as one of the fastest-growing companies in wealth management.
LPL Financial announced that a group of eight financial advisors from St. Petersburg, Florida, have joined their broker-dealer, RIA, and custodial platforms. The advisors, Michael Collins, Jim Spicer, Ryan Roy, Gary Hummel, Robert Torris, David Zaccagnino, Steven Laesser, and Mark Wolf, along with registered assistant Logan Wolf, transitioned from Raymond James, bringing approximately $450 million in advisory and brokerage assets.
The move was motivated by a desire to better serve clients and gain more control over their future. LPL's flexible platform and customizable solutions were key factors in their decision. The advisors will now have access to a wide range of innovative capabilities, strategic resources, and an expanded suite of products to enhance client experiences.
Scott Posner, LPL Executive Vice President of Business Development, welcomed the group and emphasized LPL's commitment to providing powerful capabilities, innovative technology, and robust business solutions to support their long-term growth and success.
LPL Financial announced that financial advisor Ashton Medina has joined their broker-dealer and corporate RIA platforms, aligning with GradePoint Financial Group. Medina, based in Miami, Florida, reported serving approximately $155 million in advisory, brokerage and retirement plan assets. He joins LPL from Synovus Securities.
Medina, in his fifth year as an advisor, focuses on providing comprehensive wealth management and financial planning services. He chose LPL and GradePoint for their independence, digital platform, and localized support. Jeff Hughes, President of GradePoint Financial Group, welcomed Medina, praising his expertise in multi-generational wealth and estate planning.
Scott Posner, LPL Executive Vice President of Business Development, emphasized LPL's commitment to supporting advisors with resources and freedom to build their businesses independently.
LPL Financial Holdings Inc. (Nasdaq: LPLA) has announced it will release its third quarter 2024 financial results after market close on Wednesday, October 30. The company will host a conference call to discuss the results at 5 p.m. ET on the same day. Investors can access the call and replay at investor.lpl.com/events.
LPL Financial is a leader in its markets, serving over 23,000 financial advisors, including those at approximately 1,000 institutions and 580 registered investment advisor (RIA) firms nationwide. The company emphasizes its commitment to the advisor-mediated model and providing Americans with access to personalized financial guidance.
LPL Financial (Nasdaq:LPLA) announced that Morristown Wealth Management, led by financial advisors Don Giovanello, Jr., and Gian Paolella, CFP®, has joined LPL's broker-dealer, RIA, and custodial platforms. The team, which reported approximately $340 million in advisory and retirement plan assets, transitioned from Raymond James Financial Services.
Established in 2009, Morristown Wealth Management offers personalized financial planning, asset management, and portfolio construction services. The team chose to return to LPL, citing the platform's support for future growth, open architecture, robust technology, and strategic business resources. LPL's commitment to advisor independence and flexibility aligns with Morristown Wealth Management's goal of delivering comprehensive, client-focused advice.
LPL Financial announced that The Noble Group has joined its broker-dealer, RIA, and custodial platforms. The Noble Group, founded in 1996, reported serving approximately $2.1 billion in assets and transitioned from Raymond James. Based in Sugar Land, Texas, with a registered office in Dallas, the firm offers corporate retirement plan consulting, financial planning, and investment management services.
Joey Rose, AIF®, now serves as president and CEO, as founder Tom Noble steps away from daily operations. The move to LPL aims to provide The Noble Group with increased independence, access to advanced digital capabilities, and a platform for continued growth. LPL's flexible model allows the firm to select tailored financial planning software and resources for their clients.
LPL Financial Holdings Inc. (Nasdaq: LPLA) has announced the immediate termination of President and CEO Dan H. Arnold for violating the company's commitment to a respectful workplace. The Board of Directors made this decision based on an investigation by an outside law firm, which found Arnold made statements to employees that violated LPL's Code of Conduct.
Rich Steinmeier, currently the company's Managing Director and Chief Growth Officer, has been appointed as Interim CEO. Steinmeier, 50, has been with LPL Financial since 2018, leading teams responsible for corporate strategy, advisor recruitment, and marketing. The Board expressed confidence in Steinmeier and LPL's management team to ensure a smooth transition.
LPL Financial, one of the industry's largest wealth management firms, emphasized its commitment to maintaining focus on client success and creating long-term value for clients, employees, and shareholders.
LPL Financial Holdings Inc. (NASDAQ: LPLA) has announced the completion of its acquisition of Atria Wealth Solutions, Inc., a wealth management solutions holding company. This strategic move brings approximately 2,400 Atria advisors and nearly 150 banks and credit unions under LPL's umbrella, enhancing their capabilities with advanced technology and services.
Rich Steinmeier, LPL's managing director and chief growth officer, emphasized the alignment of Atria's mission with LPL's focus on prioritizing the advisor experience. Doug Ketterer, Atria's CEO, highlighted the significant value this merger brings to all stakeholders. LPL expects to meet or exceed its retention target of 80%. Atria will operate as a fully owned portfolio company, with the onboarding of Atria advisors expected to be complete in mid-2025.
LPL Financial has announced the appointment of Cheri Belski as executive vice president and head of investment management solutions. With over 25 years of experience, Belski will lead key investment efforts, including LPL Research, Investment Products and Advisory Platforms, and LPL's Retirement Partners business. She will play a important role in driving strategic objectives and empowering LPL's 23,000+ advisors and approximately 1,000 institutions.
At Focus 2024, LPL highlighted new products under Belski's purview, including:
- Eight of the top ten ETF providers at no transaction charge
- 200 new SMAs for the Model Wealth Portfolios (MWP) platform
- 12 new alternative strategies, with plans to add 50 more by the end of 2025
These initiatives aim to meet the expanding needs of American investors and provide advisors with more sophisticated and customizable options.
