LPL Financial Completes Onboarding of First Horizon Advisors to Institution Services Platform
LPL Financial (NASDAQ: LPLA) has successfully completed the initial phase of onboarding First Horizon Advisors to its institution services platform. The transition involves approximately 125 advisors managing $18B in assets, with $12B in brokerage and advisory assets already transferred to LPL's platform in August 2025.
First Horizon Bank, a subsidiary of First Horizon Corporation (NYSE: FHN) with $82.1B in assets, will leverage LPL's integrated platform to enhance its wealth management services. The remaining direct custodied assets are scheduled to transition over the coming months. This strategic partnership aims to expand capabilities and drive growth for First Horizon Advisors while providing enhanced service to their clients.
LPL Financial (NASDAQ: LPLA) ha completato con successo la prima fase dell'integrazione di First Horizon Advisors sulla sua piattaforma di servizi istituzionali. Il passaggio riguarda circa 125 consulenti con 18 miliardi di dollari di attività, di cui 12 miliardi in attività di intermediazione e consulenza già trasferiti alla piattaforma LPL nell'agosto 2025.
First Horizon Bank, controllata di First Horizon Corporation (NYSE: FHN) con 82,1 miliardi di dollari di attivi, utilizzerà la piattaforma integrata di LPL per potenziare i propri servizi di gestione patrimoniale. Le attività ancora custodite direttamente saranno trasferite nei prossimi mesi. Questa partnership strategica punta ad ampliare le capacità e favorire la crescita di First Horizon Advisors, offrendo al contempo un servizio migliorato ai clienti.
LPL Financial (NASDAQ: LPLA) ha completado con éxito la primera fase de incorporación de First Horizon Advisors a su plataforma de servicios institucionales. La transición incluye aproximadamente a 125 asesores que gestionan 18.000 millones de dólares en activos, con 12.000 millones en activos de corretaje y asesoría ya transferidos a la plataforma de LPL en agosto de 2025.
First Horizon Bank, filial de First Horizon Corporation (NYSE: FHN) con 82.100 millones de dólares en activos, aprovechará la plataforma integrada de LPL para reforzar sus servicios de gestión patrimonial. Los activos con custodia directa restantes se transferirán en los próximos meses. Esta alianza estratégica busca ampliar capacidades y fomentar el crecimiento de First Horizon Advisors, además de mejorar el servicio a sus clientes.
LPL Financial (NASDAQ: LPLA)는 기관 서비스 플랫폼에 First Horizon Advisors를 온보딩하는 첫 단계 작업을 성공적으로 완료했습니다. 이번 전환은 약 125명의 자문사, 180억 달러 규모의 자산을 포함하며, 그중 120억 달러의 중개 및 자문 자산이 2025년 8월에 이미 LPL 플랫폼으로 이전되었습니다.
First Horizon Corporation(뉴욕증권거래소: FHN)의 자회사인 First Horizon Bank는 821억 달러의 자산을 바탕으로 LPL의 통합 플랫폼을 활용해 자산관리 서비스를 강화할 예정입니다. 나머지 직접 수탁 자산은 향후 몇 달에 걸쳐 이전될 예정입니다. 이 전략적 파트너십은 First Horizon Advisors의 역량을 확장하고 성장 동력을 제공하는 동시에 고객에게 향상된 서비스를 제공하는 것을 목표로 합니다.
LPL Financial (NASDAQ: LPLA) a achevé avec succès la première phase d'intégration de First Horizon Advisors sur sa plateforme de services aux institutions. La transition concerne environ 125 conseillers gérant 18 milliards de dollars d'actifs, dont 12 milliards en actifs de courtage et de conseil déjà transférés sur la plateforme de LPL en août 2025.
First Horizon Bank, filiale de First Horizon Corporation (NYSE: FHN) disposant de 82,1 milliards de dollars d'actifs, utilisera la plateforme intégrée de LPL pour renforcer ses services de gestion de patrimoine. Les actifs encore en garde directe seront transférés au cours des prochains mois. Ce partenariat stratégique vise à élargir les capacités et stimuler la croissance de First Horizon Advisors tout en offrant un meilleur service à leurs clients.
LPL Financial (NASDAQ: LPLA) hat die erste Phase der Onboarding-Prozesse von First Horizon Advisors auf seiner Institutionen-Service-Plattform erfolgreich abgeschlossen. Der Übergang betrifft rund 125 Berater mit 18 Mrd. USD an verwalteten Vermögenswerten, wobei bereits 12 Mrd. USD an Brokerage- und Beratungsvermögen im August 2025 auf die LPL-Plattform übertragen wurden.
Die First Horizon Bank, eine Tochtergesellschaft der First Horizon Corporation (NYSE: FHN) mit 82,1 Mrd. USD an Vermögenswerten, wird die integrierte Plattform von LPL nutzen, um ihre Vermögensverwaltungsdienste zu stärken. Die verbleibenden direkt verwahrten Vermögenswerte sollen in den kommenden Monaten überführt werden. Diese strategische Partnerschaft zielt darauf ab, die Fähigkeiten von First Horizon Advisors zu erweitern und Wachstum zu fördern sowie den Kundenservice zu verbessern.
- Successfully onboarded $12B of the total $18B in assets under management
- Strategic partnership with First Horizon Bank expands LPL's institutional presence
- Adds approximately 125 financial advisors to LPL's network
- Strengthens LPL's position in wealth management with additional $18B in managed assets
- Remaining direct custodied assets still pending transition, creating temporary operational complexity
- Integration risks and potential client disruption during transition period
Insights
LPL Financial strengthens its institutional business by adding $18B in assets from First Horizon, boosting growth in a competitive wealth management landscape.
LPL Financial has successfully onboarded First Horizon Advisors to its institution services platform, marking a significant asset acquisition for the wealth management firm. The integration brings approximately 125 advisors managing around
This partnership represents more than just an asset transfer – it's a strategic expansion of LPL's institutional services business model. By adding First Horizon Bank's wealth management arm, LPL strengthens its position in the financial institution services space, which complements its core independent advisor business. First Horizon gains access to LPL's technology stack and expanded product offerings, potentially enabling their advisors to deliver enhanced services.
The successful execution of this transition demonstrates LPL's operational capabilities in handling complex institutional conversions. For context, the
The completion of this agreement, initially announced in April 2025, showcases LPL's continued execution of its institutional channel growth strategy. Banks and credit unions increasingly outsource their investment programs to specialized providers like LPL rather than maintaining proprietary platforms, a trend this transaction reinforces.
First Horizon Advisors, Inc., includes approximately 125 advisors serving approximately
SAN DIEGO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA), the parent corporation of LPL Financial LLC, today announced that First Horizon Bank, the banking subsidiary of First Horizon Corporation (NYSE: FHN), has transitioned support of the bank’s broker-dealer and investment advisory services program, First Horizon Advisors, Inc., to LPL and its institution services platform.
“This integration ushers in a new era of expanded capabilities for First Horizon Advisors,” said Martin de Laureal, executive vice president, Wealth Management and Private Banking, First Horizon Bank. “With LPL’s advanced platform, we’re elevating how we serve clients, delivering even more personalized advice and setting the stage for meaningful growth and stronger relationships.”
“Our relationship with First Horizon is built on a shared commitment to providing outstanding advisor support,” said Christopher Cassidy, SVP, head of Institution Business Development, LPL Financial. “With the full strength of LPL’s integrated platform, First Horizon Advisors is well-positioned to drive deeper value and lasting impact for clients.”
LPL and First Horizon Bank announced the agreement in April 2025. In August 2025, approximately
About First Horizon Corporation
First Horizon Corporation (NYSE: FHN), with
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
First Horizon Bank, First Horizon Corp., First Horizon Advisors, Inc., LPL Financial Holdings Inc. and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details as of August 26, 2025, provided to LPL Financial by First Horizon Bank.
Forward-Looking Statements
Certain of the statements included in this release, such as those regarding the expected onboarding of assets associated with the strategic relationship and the benefits anticipated of the relationship, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on current expectations and beliefs concerning future developments and their potential effects upon First Horizon, LPL or both. In particular, no assurance can be provided that the assets reported as serviced by financial advisors affiliated with First Horizon will translate into assets serviced by LPL or that the benefits that are expected to accrue to First Horizon, LPL and First Horizon-affiliated advisors as a result of the strategic relationship will materialize. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, and there are certain important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements. Important factors that could cause or contribute to such differences include: difficulties or delays of LPL in transitioning advisors affiliated with First Horizon, or in onboarding First Horizon’s clients and businesses or transitioning their assets from First Horizon’s current third-party custodian to LPL; the inability of LPL to sustain revenue and earnings growth or to fully realize revenue or expense synergies or the other expected benefits of the transaction, which depend in part on LPL’s success in onboarding assets currently served by First Horizon’s advisors; disruptions to First Horizon’s or LPL’s businesses due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with financial advisors and clients, employees, other business partners or governmental entities; the inability of LPL or First Horizon to implement onboarding plans; the choice by clients of First Horizon-affiliated advisors not to open brokerage and/or advisory accounts at LPL; changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of assets under custody; and the effects of competition in the financial services industry, including competitors’ success in recruiting First Horizon-affiliated advisors. Certain additional important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements can be found in the “Risk Factors” and “Special Note Regarding Forward-Looking Statements” sections included in LPL’s most recent Annual Report on Form 10-K. Except as required by law, First Horizon and LPL do not undertake to update any particular forward-looking statement included in this document as a result of developments occurring after the date of this press release.
Contacts
LPL Media Relations
media.relations@lplfinancial.com
LPL Investor Relations
investor.relations@lplfinancial.com
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FAQ
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