Lpl Financial Stock Price, News & Analysis

LPL Financial (Nasdaq:LPLA) announced that financial advisors Joe Young and Ryne Stokes have joined their employee advisor channel, Linsco by LPL Financial, launching Servant Path Wealth Partners. The team, previously with Synovus Securities, manages approximately $400 million in advisory, brokerage and retirement plan assets.

Based in Columbus, Ga., the team offers comprehensive financial planning services including investment management, insurance, tax efficiency, retirement planning, estate planning and charitable giving. Their transition to LPL was driven by desires for greater autonomy, business flexibility, and enhanced resources.

The Linsco model provides advisors with independence to own client relationships while accessing LPL's integrated wealth management platform and business resources. LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, servicing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.

SS&C Technologies Holdings (SSNC) has announced an expanded partnership with LPL Financial Holdings (LPLA), which will now use SS&C ALTSERVE™ to grow its alternatives business. LPL, which already uses SS&C's Brokerage Solutions, will leverage this integration to enhance its alternative investment experience through LPL Alts Connect.

The partnership will enable LPL to streamline back and middle-office functions, standardize data feeds, and improve custody of alternative investment products. Key benefits include enhanced onboarding capabilities, improved position transfers in both taxable and tax-exempt registrations, faster processing of subscriptions and redemptions, and better accuracy in position valuations.

LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.

LPL Financial (LPLA) reported its January 2025 monthly activity, showing total advisory and brokerage assets of $1.81 trillion, a 4.1% increase ($71.1 billion) from December 2024. The company achieved $34.1 billion in total net new assets, including $34.0 billion in organic net new assets, representing a 23.4% annualized growth rate.

The growth included significant onboarding of assets: $13.5 billion from Prudential Advisors and $15.2 billion from Wintrust Investments. Excluding these additions and a $0.2 billion planned separation, organic net new assets were $5.4 billion (3.9% annualized growth rate). Client cash balances decreased by $2.9 billion to $52.2 billion, while net buying reached $14.5 billion in January.

LPL Financial Holdings Inc (NASDAQ: LPLA) has selected SUBSCRIBE to modernize its alternative investments platform. The partnership aims to digitalize and streamline private fund investment workflows for LPL's network of over 28,000 financial advisors serving 8.0 million investors with more than $1.8 trillion in client assets.

The customized platform centralizes alternative investment products, advisor education, compliance controls, and investment workflows on a single operating system. LPL had previously launched a pilot Alternative Investment Order Entry (AIOE) system in Q2 2024, receiving positive feedback from advisors. Through SUBSCRIBE's open-architecture platform, LPL Financial Advisors can manage investments across various products, including private equity, private credit, real estate, hedge funds, and other investment vehicles.

The platform features compliance overlays for monitoring and supervision, validating advisor registrations, account pre-qualification, and regulatory controls. It integrates with CRMs, custodians, fund administrators, and other software providers to support the complete investment lifecycle.

LPL Financial (Nasdaq:LPLA) has launched LPL Alts Connect, a comprehensive alternative investment platform designed to streamline access and management of alternative investments for financial advisors and their clients. The platform features digitized processes including e-signature capabilities, real-time order status updates, and direct client communication.

The new platform significantly improves efficiency, reducing transaction turnaround times from 40 to under 14 days. Key features include one-time prequalification setup, compliance review before client signatures, and centralized fund information access. LPL has also enhanced its middle office services through SS&C ALTSERVE™ and expanded its partnership with iCapital to offer additional alternative investment products.

LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.

LPL Financial (Nasdaq:LPLA) announced that financial advisors Shane J. Prill, Vance E. Garwood, and Grant Garwood have joined LPL's broker-dealer, RIA, and custodial platforms from Raymond James. The team, based in Wichita, Kansas, reported serving approximately $900 million in advisory, brokerage and retirement plan assets.

The advisors are rebranding from S.J. Prill Financial & Investment Planning to Prill | Garwood Financial Advisors. They chose LPL to provide enhanced value to clients through more robust investment management and financial planning solutions, along with innovative technology capabilities and strategic business resources.

LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, servicing and custodying about $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans.

LPL Financial (NASDAQ: LPLA) has launched new business planning tools to support its network of nearly 29,000 financial advisors in serving CEO and business founder clients. The initiative addresses a significant market opportunity, with over 33 million small businesses in the U.S. and more than half of private employer business owners being over 55 years old.

The new offering connects advisors with certified business exit planners and vetted banking partners, targeting an estimated 12 million firms expected to be sold over the next decade. The service includes comprehensive support for high-net-worth clients, featuring case consultations, advanced planning, estate and philanthropic planning, tax planning, and business planning.

LPL Financial, which currently services approximately $1.7 trillion in brokerage and advisory assets for about 6 million Americans, positions this initiative as part of its strategy to enhance advisor capabilities in the high-net-worth segment.

LPL Financial (LPLA) announced that financial advisors Steve Schulte and Melissa Toler Short have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch Southwest Advisory Group. The team, previously with Ameriprise, reported serving approximately $300 million in advisory, brokerage and retirement plan assets.

Based in Yuma, Arizona, the advisors chose Linsco for its independence model, allowing them to own client relationships while accessing LPL's integrated wealth management platform and business resources. The move represents a return to LPL for Schulte, who was previously with the firm from 2010 to 2014.

LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, servicing and custodying about $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans.

LPL Financial (LPLA) announced that financial advisors Carmen M. Lex Jr. and Chris Lex have joined their platform, bringing approximately $630 million in advisory, brokerage and retirement plan assets from Corebridge Financial. The Lex brothers, based in Marlton, N.J., have established Lex Wealth Management, specializing in financial planning with expertise in pension and social security analysis.

The move to LPL Financial represents their transition to independence, driven by their desire to provide more personalized options for clients in distribution phases. They will benefit from LPL's technology, business resources, and comprehensive product selection. LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, with approximately $1.7 trillion in brokerage and advisory assets under management on behalf of approximately 6 million Americans.