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 has announced that financial advisors Jeff Minucci, CFP®, and David Ryzman, CFP®, have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $150 million in advisory, brokerage and retirement plan assets and have transitioned from Osaic. With over 20 years of collaboration, Minucci and Ryzman have launched GreenPoint Wealth Management in McKinney, Texas.
The advisors specialize in developing innovative strategies for retirement planning and financial education. They chose LPL for its strong reputation, streamlined processes, and support for continued growth. LPL Financial, a leader in wealth management, serves more than 23,000 financial advisors, including those at approximately 1,000 institutions and 580 registered investment advisor firms nationwide.
Zinnia, a leading life & annuity insurance technology services company, has announced a strategic relationship with LPL Financial, the largest broker-dealer in the U.S. This partnership will provide LPL's network of over 23,000 financial advisors with a simplified way to manage life insurance for their clients through the Policygenius Pro by Zinnia platform.
The turnkey insurance platform offers access to a wide variety of insurers, coverage types, and policy options, helping to accelerate life insurance sales and streamline the application process. LPL advisors will benefit from unique quoting tools, built-in referral processes, and support from expert licensed insurance agents, significantly reducing time spent on applications and placement times.
This collaboration aims to simplify insurance fulfillment for advisors, aligning with Zinnia's vision to transform how advisors handle life insurance for their clients, while supporting LPL's goal of helping financial professionals build competitive businesses and serve their clients' best interests.
LPL Financial has announced that financial advisors Ken Hutkin and Ron Winkler have joined their employee advisor channel, Linsco by LPL Financial, to launch 57th Street Wealth Advisors. The team, previously with Wedbush Securities, reported serving approximately $400 million in advisory, brokerage and retirement plan assets. They will operate the first Linsco office in New York City.
Hutkin and Winkler bring over 30 and 40 years of experience respectively, specializing in serving professionals, business owners, and entrepreneurs. Their team includes licensed Client Services Associate Margarita Santiago and wealth associates Nathan Wild and Noah Hutkin.
The move to Linsco allows 57th Street Wealth Advisors greater autonomy while leveraging LPL's integrated wealth management platform and business resources. LPL Financial serves over 23,000 financial advisors and is committed to supporting advisor independence and personalized client guidance.
LPL Financial released its monthly activity report for August 2024. Total advisory and brokerage assets reached $1.56 trillion, a 2.0% increase from July. Total net new assets were $6.8 billion, including $0.3 billion from acquisitions. Organic net new assets were $6.6 billion, a 5.2% annualized growth rate. Excluding $3.8 billion in off-boarded assets, organic growth was 8.1%. Total client cash balances decreased to $43.3 billion. Net buying in August was $12.6 billion. The S&P 500 Index ended at 5,648, up 2.3% from July, while the Russell 2000 Index decreased 1.6% to 2,218.
LPL Financial has announced that Bury Financial Group has joined its broker-dealer, RIA, and custodial platforms. The Youngstown, Ohio-based practice, founded by Todd Bury in 1992, reported serving approximately $655 million in advisory, brokerage, and retirement plan assets. The team, which includes partners Brian Laraway, David Maxwell, Gregory Gett, and Kelcie Schiraldi, along with advisors Nicholas Romeo and Sarah Bury, has transitioned from Osaic to LPL Financial.
Bury Financial Group chose LPL for its commitment to independence, open architecture platform, and innovative capabilities. This move is expected to strengthen their team and brand, enabling them to provide enhanced services to their clients. LPL Financial (Nasdaq: LPLA) serves over 23,000 financial advisors and is known for its advisor-mediated model and commitment to personalized financial guidance.
LPL Financial (Nasdaq: LPLA) has expanded its national presence by opening a new 43,000-square-foot office in Tempe's Marina Heights complex. The office will accommodate 300 employees by the end of 2024, with plans to add 700 more jobs over the next two years. This expansion is part of LPL's strategy to invest in regions known for cultivating top talent in the financial services sector.
As a Fortune 500 company, LPL Financial serves over 23,000 financial advisors and supports more than 4.5 million people with their financial advisory needs. The Tempe office will focus on client service and operations, joining LPL's primary locations in San Diego and Fort Mill, S.C. This move strengthens LPL's position as a leader in wealth management and demonstrates its commitment to growth and innovation in the industry.
LPL Financial (Nasdaq: LPLA) has announced that financial advisors Kultar S. 'Sid' Bindra, CFP®, and Steven Alvarez have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch The Bindra Group. The team, previously with Truist Financial, reported serving approximately $300 million in advisory, brokerage and retirement plan assets.
Based in Tampa, Florida, The Bindra Group caters to high-net-worth and ultra-high-net-worth business owners and government contractors. They chose Linsco for its blend of independence and support, including access to LPL's integrated wealth management platform and business resources. The move allows them to own their client relationships and operate their practice with more flexibility.
LPL Financial (Nasdaq: LPLA) has announced that Apex Private Wealth Advisors, a team of five financial advisors, has joined LPL's broker-dealer, RIA, and custodial platforms. The team, which includes Brett Howard, Marco Rivera, Brooks Crissey, Henry DesJardins, and Ryan Mason, previously served approximately $650 million in assets at Ameriprise Financial.
Founded in 2017, Apex specializes in comprehensive financial planning and investment management services for high-net-worth individuals, families, and businesses. The team's transition to LPL was motivated by a desire for advanced technology, operational efficiencies, and expanded resources to enhance client service. LPL's integrated capabilities are expected to streamline operations and improve the client experience.
LPL Financial (Nasdaq: LPLA) announced that John Duane and Gregory Giantsos have joined LPL Private Wealth Management to launch BrookBridge Private Wealth in Long Island, New York. The team, previously with Bank of America Private Bank, reported serving approximately $700 million in assets. Duane and Giantsos, with 30 and 12 years of industry experience respectively, offer high-end wealth management services to various client segments.
The move to LPL allows them to expand their services and gain more control over their practice. LPL Private Wealth Management provides a blend of independence and support, offering enhanced services, expanded capabilities, and access to an exclusive high-net-worth advisor community. This affiliation model features higher payouts, client ownership, and business autonomy while providing advanced resources for high-net-worth clients.
LPL Financial has announced that Northern Plains Financial has joined its broker-dealer, RIA, and custodial platforms. The firm, based in Grand Forks, N.D., reported serving approximately $225 million in advisory, brokerage, and retirement plan assets. Founded in 2014 by Michael Elsberry, CFP®, CRPC®, the team includes Eric Carlson and support staff. They offer financial planning and investment management services, with a niche in serving farmers, ranchers, and outdoor enthusiasts.
Northern Plains Financial chose LPL for its extensive resources, custom solutions, and differentiated service experiences. They anticipate benefits from LPL's self-clearing platform, consolidated client statements, and user-friendly online tools. The move is expected to enhance their ability to provide high-level service and manage investments efficiently.
