LPL Financial Holdings Inc. operates a wealth management platform for financial advisors, broker-dealer representatives, registered investment advisers and financial institutions. News about LPLA centers on advisor and team affiliations, broker-dealer and RIA platform growth, custody and advisory asset trends, and affiliation models such as Linsco and LPL Independent Advisor Network.
Company updates also cover quarterly financial results, organic and recruited asset flows, client cash balances, capital and liquidity measures, dividends, technology and practice-management services, investment solutions, and advisor support programs such as its military deployment practice continuation framework.
LPL Financial (LPLA) added Lakewood Wealth Management's three financial advisors to its broker-dealer and Registered Investment Advisor platforms from Cambridge.
The Ann Arbor, Michigan, team comprises Harrison Kennard, Charles Dobben and Justin Pandy. It reported serving approximately $170 million in advisory, brokerage and retirement plan assets, based on asset and holding details provided to LPL from year-end 2025. That figure describes the team's reported assets, not a confirmed amount transferred. Lakewood Wealth Management and LPL Financial remain separate entities.
LPL Financial Holdings (LPLA) reported $2.60 trillion in client assets at the end of August 2026 in its monthly activity update.
Assets rose $55.3 billion, or 2.2%, from July and were 15.0% above August 2025. Advisory assets reached $1,582.5 billion, up 21.0% year over year, while brokerage assets were $1,019.4 billion, up 6.7%. Advisory assets represented 60.8% of total assets, compared with 57.8% a year earlier.
August organic net new assets were $13.5 billion, versus $7.4 billion in July and $17.8 billion in August 2025. The annualized organic growth rate for August was 6.4%. Acquired net new assets were zero, compared with $275.0 billion a year earlier. Client cash balances were $54.4 billion, up $0.1 billion from July. Net buying was $13.8 billion, compared with $14.7 billion in July.
LPL Financial (LPLA) announced on September 24, 2026, that three Texas advisors from Raymond James joined its platforms. Jon Burnett, Dan Fowler and Chad Carlile reported serving approximately $430 million in advisory, brokerage and retirement plan assets. The estimate is based on asset and holding details from year-end 2025.
Burnett Financial Services is based in Amarillo, Fowler Investment Services in Pampa and Carlile Investment Services in Lubbock. The advisors joined LPL's broker-dealer, registered investment advisor and custodial platforms.
LPL Financial (LPLA) announced that Cornerstone Advisors and Clear Pointe Wealth Management have joined its broker-dealer, RIA and custodial platforms, bringing approximately $1 billion in client assets* from Northwestern Mutual.
The Salt Lake City area practices, which share a long-standing professional relationship, plan to operate from a shared office while maintaining distinct brands. Cornerstone, led by Gardner Brown and Brian Lifferth, focuses on planning-first retirement guidance for individuals and business owners. Clear Pointe, led by Ron Hunt and Jonathan Groberg, emphasizes comprehensive retirement planning and investment research for business owners and professionals. LPL highlights its technology, product breadth and advisor-focused support as key reasons the teams chose its platform.
LPL Financial (LPLA) announced that Horizon Wealth Management Group, led by advisors Bill Wagner, Scott Sennett and Andrew Kocukov, has joined LPL’s broker-dealer and RIA platforms, bringing approximately $385 million in advisory, brokerage and retirement plan assets as of end 2025.
The Wichita, Kansas-based team, whose clients are primarily retirees and pre-retirees, focuses on comprehensive, planning-based retirement advice, including income strategies, estate planning guidance and long-term care discussions. Horizon Wealth Management Group moved from Wells Fargo Advisors Financial Network and chose LPL for its technology, financial planning tools and dedicated service model, which the team expects will enhance efficiency and client service. LPL supports more than 32,000 advisors and about 1,100 institutions, servicing approximately $2.6 trillion in assets for about 8 million Americans.
LPL Financial (LPLA) announced that financial advisor Jeneen Slack, CFP®, CDFA®, founder and partner of Northstar Financial Advisors, has joined its broker-dealer and RIA platform, bringing more than $270 million in reported client assets as of year-end 2025. Slack, who has nearly 20 years of industry experience and was previously affiliated with Raymond James, is based in Danville, California and serves clients across the Bay Area. Northstar focuses on personalized financial advice, with particular expertise in divorce-related planning and community education through workshops, retirement programs and client events.
LPL Financial (Nasdaq: LPLA) announced that advisors Ryan Lewis, Dan Hocking and Steve Braatz have joined its Linsco by LPL Financial employee advisor model to launch ClearHaven Wealth Management in Minnesota. The team reported serving approximately $395 million in advisory, brokerage and retirement plan assets as of end 2025.
ClearHaven focuses on high-net-worth and multigenerational families, particularly clients approaching or in retirement. The practice is supported by Cade Nelson and Nikki Hocking. According to LPL, the team chose Linsco for advisor autonomy, branding flexibility, and access to LPL's technology, infrastructure and support, while avoiding the full operational burden of running an independent business.
LPL Financial (Nasdaq: LPLA) announced that financial advisors Pat and James Gilbert of Preferred Financial Group have joined LPL’s broker-dealer and RIA platforms, bringing approximately $230 million in advisory, brokerage and retirement plan assets from Harbour Investments. Based in Battle Creek and Kalamazoo, Michigan, the multigenerational father‑son team focuses on pre-retirees, retirees and younger households, emphasizing relationship-based, personalized financial planning. LPL highlighted that it now supports more than 32,000 financial advisors and services about $2.6 trillion in brokerage and advisory assets for roughly 8 million Americans.
LPL Financial (Nasdaq: LPLA) appointed Jonathan Lewis as managing director, chief technology and information officer, reporting to Greg Gates, who assumes the title of group managing director, chief product and technology officer. Lewis will oversee architecture, engineering, infrastructure and development across the firm’s technology platform.
According to LPL Financial, Lewis brings over 20 years of financial services technology leadership, including roles at Wells Fargo and J.P. Morgan, and will help advance AI, platform modernization and the LPL Latitude technology experience for advisors and clients.
LPL Financial (Nasdaq: LPLA) announced that Conte Wealth Advisors (CWA), a third-generation family-owned advisory firm based in Camp Hill, Pennsylvania, has joined its broker-dealer and RIA platform. CWA reported serving approximately $1.6 billion in advisory, brokerage and retirement plan assets*, moving to LPL from Cambridge Investment Research.
CWA, led by financial advisor Tony Conte, supports 24 advisors across multiple states and focuses on business owners and high- and ultra-high-net-worth clients through a planning-first approach. According to LPL Financial, the firm chose LPL for its technology, advisor support resources, scale and perceived cultural alignment. LPL Financial reports supporting more than 32,000 financial advisors and servicing approximately $2.6 trillion in brokerage and advisory assets on behalf of about 8 million Americans.