LPL Financial Welcomes Lighthouse Private Wealth

Rhea-AI Summary

LPL Financial (NASDAQ:LPLA) has announced that advisors DJ Totland and Christopher Meyer, along with Rob Tendler and the Harbor Lights Financial Group team, have formed Lighthouse Private Wealth, joining LPL's broker-dealer and RIA platform. The team transitions from RBC, bringing approximately $1.1 billion in managed assets.

Based in Red Bank, New Jersey, the team brings 90 years of combined experience and specializes in serving high-net-worth individuals, small business owners, and families. The move to LPL was driven by their desire for improved technology capabilities and greater business autonomy.

Positive

• Team brings substantial $1.1 billion in advisory, brokerage and retirement plan assets to LPL
• Addition strengthens LPL's presence in the metropolitan New York area
• Expands LPL's network of experienced advisors with 90 years combined experience

Negative

• None.

News Market Reaction

-2.32%

5 alerts

-2.32% News Effect

-$597M Valuation Impact

$25.14B Market Cap

0.8x Rel. Volume

On the day this news was published, LPLA declined 2.32%, reflecting a moderate negative market reaction. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $597M from the company's valuation, bringing the market cap to $25.14B at that time.

Data tracked by StockTitan Argus on the day of publication.

SAN DIEGO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that advisors, DJ Totland, CFP®, CIMA®, CPFA® and Christopher Meyer, CFP®, with support from Rob Tendler CFP®, CLU® and the Harbor Lights Financial Group team – an existing firm supporting LPL-affiliated advisors - have come together to form Lighthouse Private Wealth. The practice joins LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. They reported serving approximately $1.1 billion in advisory, brokerage and retirement plan assets* and join LPL from RBC.

Located in Red Bank, New Jersey, within the metropolitan New York area, Totland, Meyer and Tendler have 90 years of combined experience and have worked together for 20 years. They serve a range of clients, including high-net-worth individuals, small business owners and families. Their practice uses a holistic approach that involves all aspects of their clients’ financial matters.

“Chris and I are a very high-touch and service-oriented pair. We act as fiduciaries to our clients and we are proud that we have achieved the CFP® designation,” said Totland. “We collaborate on all client meetings and work in tandem. This gives us a 10,000-foot view of things that are going on in our business. Having two minds approach issues is our differentiator as we can complement each other.”

Why Lighthouse Private Wealth Chose LPL

Looking for improved technology and autonomy, Lighthouse Private Wealth turned to LPL to start their new chapter.

“We are excited about being able to customize and use specific technology in an ‘a la carte’ fashion. LPL is one of the biggest players in this area now and has shown that they are among the best. Also, after always working for a wirehouse or regional broker-dealer, we wanted to become our own bosses. The most important thing to us was being our own business owners and being able to run a business the way we want to run it,” said Meyer.

Scott Posner, managing director of business development, said, “LPL extends a warm welcome to the team and congratulates them on the launch of Lighthouse Private Wealth. At LPL, we understand that advisors are looking for sophisticated capabilities and the autonomy to build and grow their practice according to their unique vision. We look forward to supporting DJ, Chris, Rob and their vision for years to come.”

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 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 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. Figures provided as of June 30, 2025. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Lighthouse Private Wealth 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, 2024. 

Media Contact: 
Media.relations@LPLFinancial.com 

Tracking #802647

FAQ

How much in assets did Lighthouse Private Wealth bring to LPL Financial (NASDAQ:LPLA)?

Lighthouse Private Wealth brought approximately $1.1 billion in advisory, brokerage and retirement plan assets to LPL Financial from RBC.

Who are the key advisors joining LPL Financial from Lighthouse Private Wealth?

The key advisors are DJ Totland, CFP®, CIMA®, CPFA® and Christopher Meyer, CFP®, with support from Rob Tendler CFP®, CLU® and the Harbor Lights Financial Group team.

Where is Lighthouse Private Wealth located and what types of clients do they serve?

Lighthouse Private Wealth is located in Red Bank, New Jersey, within the metropolitan New York area. They serve high-net-worth individuals, small business owners and families.

What is LPL Financial's current market position as of June 2025?

LPL Financial supports over 29,000 financial advisors and approximately 1,100 financial institutions, managing about $1.9 trillion in brokerage and advisory assets for approximately 7 million Americans.

Why did Lighthouse Private Wealth choose to join LPL Financial?

Lighthouse Private Wealth chose LPL Financial for its improved technology capabilities and the opportunity for greater business autonomy, wanting to become independent business owners.