LPL Financial Welcomes Advisor Greg Selg

LPL Financial (Nasdaq: LPLA) announced that Greg Selg, MBA, joined its broker-dealer and RIA platform on April 28, 2026.

Rhea-AI Summary

LPL Financial (Nasdaq: LPLA) announced that Greg Selg, MBA, joined its broker-dealer and RIA platform on April 28, 2026. Selg brings approximately $260 million in advisory, brokerage and retirement plan assets, 25 years of experience, and founded G.S. Wealth Management in Bohemia, New York.

He cited LPL's technology-forward platform for simplifying operations and improving client reporting. LPL supports over 32,000 advisors and custodians approximately $2.4 trillion in brokerage and advisory assets.

Argus Apr 28 session

+1.00% close to close Open Argus

Details

News Market Reaction – LPLA

On Apr 28, the day this news came out, LPLA closed 1.00% above the previous close.

Data tracked by StockTitan Argus for the Apr 28 session.

Key Figures

Advisor assets: $260 million Industry experience: 25 years Advisors supported: over 32,000 +5 more

Advisor assets

$260 million

Assets served by Greg Selg as of end of 2025

Industry experience

25 years

Greg Selg’s experience serving individuals, families and businesses

Advisors supported

over 32,000

Financial advisors supported by LPL Financial

Financial institutions

approximately 1,200

Wealth management institutions supported by LPL

Client assets

approximately $2.4 trillion

Brokerage and advisory assets serviced and custodied by LPL

Clients served

approximately 8 million

Americans served by LPL-affiliated advisors and institutions

Share price

$330.54

Pre-news price with 24h change of 3.08%

52-week range

$281.51–$403.575

Current price 17.42% above low and 18.1% below high

Historical Context

5 past events · Latest: Apr 21

5 events

1. Apr 21

   Advisor onboarding

   24h Move

   +0.7%

   Courtney Walker joined LPL platform with about $180M in client assets.

2. Apr 15

   Advisor affiliation

   24h Move

   +2.8%

   Texas Wealth Solutions affiliated with LPL Independent Advisor Network with $235M.

3. Apr 14

   Network acquisition

   24h Move

   +0.2%

   Definitive agreement to acquire Mariner Advisor Network business segment.

4. Apr 09

   Earnings date set

   24h Move

   -0.7%

   Announced Q1 2026 earnings release date and conference call timing.

5. Apr 07

   Advisor team join

   24h Move

   +1.0%

   Emerald Legacy Advisors joined LPL with about $140M in client assets.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registered investment advisor (ria), broker-dealer, rule 10b5-1 trading plan, form 4, +4 more

8 terms

registered investment advisor (ria) financial

"joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform."

A registered investment advisor (RIA) is a person or firm legally registered with regulators to provide investment advice and manage client portfolios for a fee. RIAs must put clients’ interests ahead of their own — a legal duty that helps reduce undisclosed conflicts, like a mechanic who must recommend only necessary repairs. Investors pay attention because an RIA’s fee model and duty of loyalty influence costs, trust, and how investment choices are made.

broker-dealer financial

"joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform."

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

rule 10b5-1 trading plan regulatory

"executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 14, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

form 4 regulatory

"[Form 4] LPL Financial Holdings Inc. Insider Trading Activity"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

form 144 regulatory

"[144] LPL Financial Holdings Inc. SEC Filing"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

View in glossary

schedule 13g/a regulatory

"[SCHEDULE 13G/A] LPL Financial Holdings Inc. Amended Passive Investment Disclosure"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

restricted stock units financial

"His equity position also includes 787 restricted stock units vesting on February 25, 2027"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

deferred compensation plan financial

"credited under the company’s Non-Employee Director Deferred Compensation Plan"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SAN DIEGO, April 28, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Greg Selg, MBA, has joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. Selg reported serving approximately $260 million in advisory, brokerage and retirement plan assets* and joins LPL from Osaic.

Based in Bohemia, N.Y., on Long Island, Selg is the founder of G.S. Wealth Management and brings 25 years of industry experience serving individuals, families and small business owners. His client base is largely made up of what he describes as “Main Street” investors, including educators, healthcare professionals, administrators and multigenerational families, many of whom are in or nearing retirement.

Selg’s practice is built around a goals-based, education-first approach designed to help clients understand complex financial concepts and clearly connect financial strategies to real-life outcomes. By simplifying the planning process and focusing on what matters most to clients and their families, he aims to deliver clarity, confidence and long-term guidance.

“My approach has always been centered on education and understanding the people behind the numbers,” said Selg. “By taking the time to learn a client’s family dynamics, values and long-term goals, I’m able to translate complex financial strategies into practical steps that align with their lives. That clarity is what allows clients to make confident decisions about their future.”

Why Greg Selg Chose LPL

Selg selected LPL for its technology-forward platform designed to simplify operations, enhance reporting and free up more time to focus on his clients.

“LPL’s technology stood out for how seamlessly it supports the way I run my business,” Selg said. “The ability to streamline processes and access reporting and planning tools more efficiently allows me to spend less time on administrative tasks and more time serving clients. That efficiency ultimately enables me to reinvest my time where it matters most — with the families I work with.”

Marc Cohen, chief growth officer at LPL, said, “We are pleased to welcome Greg to LPL. His commitment to education, accessibility and goals-based planning aligns with LPL’s purpose to empower advisors with the independence, technology and support they need to deliver personalized advice to clients and grow their practices.”

Related

Advisors, learn how LPL Financial can help take your business to the next level.

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 32,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. G.S. Wealth Management 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 provided to LPL from end of year, 2025.

Media Contact: 
Media.relations@LPLFinancial.com 

Tracking #1097731

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LPL Financial announce about Greg Selg on April 28, 2026 (LPLA)?

LPL Financial announced that Greg Selg joined its broker-dealer and RIA platform as an independent advisor. According to LPL Financial, Selg brings about $260 million in advisory, brokerage and retirement plan assets and 25 years of industry experience.

How much in client assets did Greg Selg bring to LPL (LPLA)?

Greg Selg reported approximately $260 million in advisory, brokerage and retirement plan assets. According to LPL Financial, that value was approximated from end-of-year 2025 asset and holding details provided to LPL.

Why did Greg Selg choose LPL Financial for his practice (LPLA)?

Selg chose LPL for its technology-forward platform designed to simplify operations and reporting. According to LPL Financial, the platform helps streamline administrative tasks so Selg can spend more time serving client families.

Where is Greg Selg based and what clients does he serve after joining LPL (LPLA)?

Greg Selg is based in Bohemia, New York, and serves primarily Main Street investors. According to LPL Financial, his clients include educators, healthcare professionals, administrators and multigenerational families nearing or in retirement.

How can other advisors learn about joining LPL Financial after the Greg Selg announcement (LPLA)?

Advisors interested in LPL can contact LPL Financial to learn about affiliation models and support services. According to LPL Financial, the firm offers advisor affiliation options, fintech tools and practice management resources for growth.