LPL Financial Welcomes Buell Wealth Management

LPL Financial (Nasdaq: LPLA) announced that the financial advisors of Buell Wealth Management, previously with Buell Securities Corporation, have joined LPL’s broker-dealer and RIA platform.

Rhea-AI Summary

LPL Financial (Nasdaq: LPLA) announced that the financial advisors of Buell Wealth Management, previously with Buell Securities Corporation, have joined LPL’s broker-dealer and RIA platform. The Glastonbury, Connecticut-based team reported serving approximately $370 million in advisory, brokerage and retirement plan assets* as of end 2025.

Buell Wealth Management is led by CEO Chris Berris, who has over 40 years of industry experience. Its five advisors, with 187 years of combined tenure, serve high-net-worth individuals, retirees and business owners across 21 states. They chose LPL for its technology, compliance and back-office support, aiming to streamline operations and focus more on client service. LPL highlighted Buell’s century-long legacy and emphasized its own scale of more than 32,000 advisors and about $2.3 trillion in client assets.

Argus Jul 15 session

+2.42% close to close Open Argus

Details

News Market Reaction – LPLA

In the Jul 15 session, LPLA gained 2.42%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against low reported short positioning and recent net insider selling, another advisor recruitme...

Analysis

Set against low reported short positioning and recent net insider selling, another advisor recruitment headline slots into a pattern where most similar releases aligned with gains but one diverged. Investors may watch whether upcoming events shift that balance.

Key Figures

Client assets: $370 million Combined advisor experience: 187 years Average advisor tenure: 37 years +5 more

Client assets

$370 million

Advisory, brokerage and retirement plan assets served by Buell Wealth Management

Combined advisor experience

187 years

Five advisors at Buell Wealth Management

Average advisor tenure

37 years

Average industry experience for Buell Wealth Management advisors

Client states served

21 states

Geographic reach of Buell Wealth Management’s client base

Advisors supported

32,000+ advisors

Financial advisors supported by LPL Financial

Institutions supported

≈1,100 institutions

Wealth management practices of financial institutions supported by LPL

Assets serviced and custodied

$2.3 trillion

Brokerage and advisory assets serviced and custodied by LPL

Clients served

≈8 million Americans

End investors served by LPL on behalf of advisors and institutions

Historical Context

5 past events · Latest: Jul 09

5 events

1. Jul 09

   earnings date notice

   24h Move

   +1.8%

   Set timing for second quarter 2026 results and conference call.

2. Jul 09

   advisor satisfaction ranking

   24h Move

   +3.5%

   Recognition in JD Power 2026 study highlighted strong advisor satisfaction rankings.

3. Jul 08

   advisor recruitment

   24h Move

   -2.2%

   Cypress Point Wealth Partners joined LPL’s independent advisor network.

4. Jul 07

   midyear outlook report

   24h Move

   +0.9%

   LPL Research released its Midyear Outlook 2026 on policy and markets.

5. Jul 07

   advisor recruitment

   24h Move

   +0.9%

   Advisor David Logsdon and his firm joined LPL’s broker-dealer and RIA platform.

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

Key Terms

broker-dealer, registered investment advisor, ria, high-net-worth

4 terms

broker-dealer regulatory

"have joined LPL Financial’s broker-dealer and Registered Investment Advisor"

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.

registered investment advisor regulatory

"broker-dealer and Registered Investment Advisor (RIA) platform."

A registered investment advisor is a professional or firm that provides financial advice and manages investments for clients, operating under regulations that require them to act in their clients' best interests. This designation helps investors identify trustworthy advisors who are legally committed to providing transparent and fair guidance, much like a licensed doctor is bound to prioritize patient well-being.

ria regulatory

"broker-dealer and Registered Investment Advisor (RIA) platform."

A Registered Investment Adviser (RIA) is a firm or individual licensed to give personalized investment advice and manage client portfolios, held to a legal duty to act in clients’ best interests. Think of an RIA as a trusted financial coach who must put your needs first; investors care because an RIA’s recommendations and fee structure directly affect returns, risk exposure, and trustworthiness.

high-net-worth financial

"includes high-net-worth individuals, retirees and business owners across 21 states."

An individual described as high-net-worth owns a substantial amount of investable assets beyond everyday savings, typically enough to support higher-risk or customized financial strategies. For investors, this matters because high-net-worth individuals often get access to exclusive products, tailored advice and larger market-moving transactions — think of them as customers with a bigger toolbox and keys to doors that standard retail investors can’t usually open.

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

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SAN DIEGO, July 15, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Buell Wealth Management have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $370 million in advisory, brokerage and retirement plan assets* and joins from Buell Securities Corporation.

Based in Glastonbury, Conn., Buell Wealth Management is led by Chief Executive Officer Chris Berris, who has more than 40 years of industry experience and has served in his leadership role since 1997. His former advisory practice, Buell Securities Corporation, had deep roots dating back to 1921. The five advisors of Buell Wealth Management have 187 years of combined experience and an average of 37 years in the industry.

They have now made the move to join LPL under Buell Wealth Management, where they will continue to serve a diverse client base that includes high-net-worth individuals, retirees and business owners across 21 states.

The practice operates with a collaborative team model, drawing on the group’s extensive tenure and varied experience — including backgrounds at major wirehouses — to provide insights across market sectors and evolving economic conditions. Advisors regularly share knowledge and perspectives to help ensure clients receive comprehensive, well-informed guidance.

“Our approach has always been rooted in listening first and building relationships that last over time,” Berris said. “We take the time to understand each client’s full financial picture and provide personalized guidance that evolves with their needs, helping them work toward their goals with confidence.”

Why Buell Wealth Management Chose LPL

Buell Wealth Management selected LPL for its robust operational infrastructure, enhanced capabilities and comprehensive support model.

“We’ve spent several years evaluating the right long-term solution for our business and our clients,” Berris said. “LPL offers the services, technology and operational support we need to help streamline our business and focus more of our time and energy on serving clients. With LPL handling areas like compliance and back-office operations, we’re well positioned to continue delivering the high level of service our clients expect.”

LPL Chief Growth Officer Marc Cohen said, “We are pleased to welcome Buell Wealth Management to LPL. With a legacy spanning more than a century and a team defined by deep experience and long-standing client relationships, they bring a strong commitment to delivering personalized guidance and multigenerational planning. We look forward to supporting their continued growth with the flexibility, resources and support they need to serve their clients and evolve their business.”

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 more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 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. Buell 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 #1137463

FAQ

What did LPL Financial (LPLA) announce about Buell Wealth Management on July 15, 2026?

LPL Financial announced that the financial advisors of Buell Wealth Management joined its broker-dealer and RIA platform. According to LPL Financial, the Glastonbury-based team transitioned from Buell Securities Corporation and will keep serving clients under the Buell Wealth Management brand.

How many client assets did Buell Wealth Management bring to LPL Financial (LPLA)?

Buell Wealth Management reported serving approximately $370 million in advisory, brokerage and retirement plan assets. According to LPL Financial, this approximate value is based on asset and holding details provided to LPL as of the end of 2025.

Why did Buell Wealth Management choose to affiliate with LPL Financial (LPLA)?

Buell Wealth Management chose LPL Financial for its operational infrastructure, technology and comprehensive support model. According to LPL Financial, the team expects LPL’s compliance and back-office support to streamline business operations and free more time for client service and personalized financial guidance.

What is the experience level of the Buell Wealth Management advisors joining LPL Financial (LPLA)?

The Buell Wealth Management team consists of five advisors with 187 years of combined industry experience. According to LPL Financial, they average 37 years in the industry and have backgrounds including major wirehouses, supporting a collaborative, multi-sector advisory approach for clients.

How large is LPL Financial’s overall platform after adding Buell Wealth Management, and what does it include for LPLA investors?

LPL Financial supports more than 32,000 financial advisors and services about $2.3 trillion in brokerage and advisory assets. According to LPL Financial, the firm offers multiple affiliation models, investment solutions, fintech tools and practice management services across approximately 8 million American client accounts.