LPL Financial Welcomes True Compass Advisors
Rhea-AI Summary
LPL Financial (Nasdaq:LPLA) announced that the financial advisors of True Compass Advisors, previously affiliated with Kestra, have joined its broker-dealer and RIA platforms. The Southbury, Connecticut-based team services approximately $870 million in advisory, brokerage and retirement plan assets.*
Led by Jared White, with support from COO Karin Hubbard and additional advisors, the practice focuses on relationship-driven, comprehensive financial planning. Overall, LPL supports over 32,000 financial advisors and approximately $2.4 trillion in brokerage and advisory assets for about 8 million Americans.
AI-generated analysis. Not financial advice.
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Key Figures
Market Reality Check
Peers on Argus
LPLA was down 1.23% while peers were mixed: TW -2.96%, EVR +3.69%, HLI +1.79%, FUTU +0.48%, SF +0.22%. The mixed peer tape and scanner data suggest this move was more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 20 | Advisor team addition | Positive | +0.0% | Cebert Wealth Advisors joined LPL with about $1B in client assets. |
| May 19 | Advisor team addition | Positive | -0.3% | Davis Executive Wealth joined LPL Strategic Wealth with $635M advisory assets. |
| May 14 | AI awards recognition | Positive | +0.5% | LPL won two Stevie Awards for AI concepts in wealth management. |
| May 14 | Advisor team addition | Positive | -1.0% | Fifteen:22 Financial Partners joined LPL with about $380M client assets. |
| May 14 | AI awards recognition | Positive | -1.0% | LPL detailed additional Stevie Awards for AI use in client platforms. |
Recent positive news (advisor recruits, AI awards) often saw small, mixed price reactions, with both aligned and divergent moves.
Over the last week, LPLA has repeatedly highlighted growth in its advisor platform, welcoming firms like Cebert Wealth Advisors ($1 billion assets) and Fifteen:22 Financial Partners ($380 million). It also announced AI-related Stevie Awards, underscoring its technology focus. Price reactions to these largely positive items were modest and mixed, with some days slightly positive and others slightly negative, framing today’s True Compass Advisors addition as part of a steady advisor-growth narrative.
Market Pulse Summary
This announcement adds True Compass Advisors, bringing about $870 million in advisory, brokerage and retirement plan assets to LPL’s platform. It reinforces a recent string of advisor-recruiting wins and builds on the firm’s scale of over 32,000 advisors and $2.4 trillion in assets. In context, investors may track the pace and size of future recruits, overall asset growth trends, and how effectively LPL leverages its technology and planning capabilities to deepen relationships.
Key Terms
registered investment advisor (RIA) regulatory
broker-dealer regulatory
finra regulatory
sipc regulatory
AI-generated analysis. Not financial advice.
SAN DIEGO, May 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of True Compass Advisors have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team was previously affiliated with Kestra, where they serviced approximately
Based outside of New Haven in Southbury, Conn., True Compass Advisors is led by Jared White who has 20 years of industry experience. White is supported by Chief Operating Officer Karin Hubbard and advisors Harrison Graham, CFP® and Laura Maguire. The practice is rooted in relationship-driven planning, designed to help clients gain clarity across investments, tax considerations, estate planning and multi-generational goals.
The team delivers comprehensive financial planning and investment guidance to busy professionals approaching retirement who require coordinated, long-term strategies to manage complex financial lives. The firm blends decades of experience with emerging talent to deliver thoughtful, relationship-driven planning, positioning itself as a long-term partner and central coordinator for clients’ financial lives.
“Every client relationship begins with listening,” said White. “Our work starts with understanding what our clients are trying to accomplish and ensuring every piece of their financial lives is working together. True Compass Advisors was built to provide thoughtful coordination, long-term planning and the confidence that nothing is being overlooked as clients plan for the future.”
Why True Compass Advisors Chose LPL
The team — which also includes Gianna DeAngelis, Lori Maxey, Leigh Waters and Debora Eschmann — selected LPL for its forward-thinking technology, advisor independence and access to specialized resources that support holistic client service. White, who previously affiliated with LPL earlier in his career, returns to the firm with a renewed focus on independence, advanced planning capabilities and a long-term vision for his practice.
“LPL offers the technology, flexibility and scale to help us deliver on our long-term vision,” White said. “The firm’s platform allows us to integrate advanced planning capabilities and collaborate with a broader network of professionals, while maintaining the independence to grow our practice in a way that best serves our clients, our team and our community.”
Marc Cohen, chief growth officer at LPL, said, “We are pleased to welcome Jared and the entire True Compass Advisors team to LPL. Jared’s commitment to forward-thinking planning and building a future-ready practice aligns with LPL’s purpose to empower advisors with the tools, technology and support they need to deliver differentiated client experiences.”
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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
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. True Compass Advisors 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.
*Values are approximate and based solely on the representations of the advisors.
Media Contact:
Media.relations@LPLFinancial.com
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