LPL Welcomes Forest Lake Wealth Partners to Linsco

Rhea-AI Summary

LPL Financial (Nasdaq: LPLA) announced that financial advisor Melissa Mirabile has joined LPL’s employee advisor channel Linsco to launch Forest Lake Wealth Partners in Albany, New York, effective Dec. 11, 2025.

Mirabile joins from UBS and reported serving approximately $280 million in advisory, brokerage and retirement plan assets. The team includes Casey Mirabile and Lars Olson and focuses on tailored financial planning, estate planning and tax management while limiting client count to deepen relationships.

LPL said Linsco provides autonomy, dedicated support and technology; the firm supports over 32,000 advisors and services about $2.3 trillion in brokerage and advisory assets.

Key Figures

Forest Lake assets $280 million Advisory, brokerage and retirement plan assets reported at end of 2024

Advisor experience Over 30 years Melissa Mirabile’s experience as a financial advisor

Advisor generation 3rd generation Wealth Associate Casey Mirabile as a 3rd generation advisor

Advisors supported Over 32,000 advisors LPL advisor network size cited in About LPL section

Institutions served Approximately 1,100 institutions Wealth management practices of financial institutions supported by LPL

Client assets Approximately $2.3 trillion Brokerage and advisory assets serviced and custodied by LPL

End clients Approximately 8 million Americans End investors served through LPL’s platform

Market cap $29,990,897,340 LPLA market capitalization prior to this news

Market Reality Check

$380.96 Last Close

Volume Volume 908,573 is above the 20-day average of 537,461 (relative volume 1.69x). high

Technical Price $386.99 is trading above the 200-day MA at $352.27, near the -4.11% zone vs 52-week high.

Peers on Argus

Peers showed mixed, mostly modest moves: TW -0.22%, FUTU +0.06%, EVR +1.55%, HLI +1.47%, SF +2.41%. LPLA’s +3.28% move appears more company-specific than broad sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Market outlook report	Positive	+1.7%	Release of data-driven 2026 economic and market outlook publication.
Dec 05	Leadership appointment	Positive	+0.7%	Appointment of a new chief legal officer to lead legal and policy teams.
Dec 04	IPO anniversary milestone	Positive	+0.7%	Celebration of 15 years as public company highlighting advisor and asset growth.
Dec 02	Conference presentation	Positive	+1.6%	CEO presentation at Goldman Sachs Financial Services Conference with webcast.
Dec 02	Advisor recruitment	Positive	-0.8%	New advisory practice Kūpono Wealth Planning joining LPL platforms.

Pattern Detected

Recent corporate and branding news has generally been followed by modestly positive price moves, with one small divergence on another advisor-welcoming release.

Recent Company History

Over the last weeks, LPL has highlighted platform strength and growth: welcoming new practices, presenting at a major financial services conference, releasing its 2026 Outlook, and celebrating 15 years as a public company. These updates repeatedly cite scale of ~32,000 advisors and ~$2.3 trillion in assets. Price reactions to these news items were typically modestly positive, suggesting that incremental growth and brand-building headlines have aligned reasonably well with shareholder response.

Market Pulse Summary

This announcement highlights LPL’s ongoing advisor recruitment, with Forest Lake Wealth Partners bringing about $280 million in assets and deep experience to the Linsco channel. It reinforces LPL’s scale of over 32,000 advisors and roughly $2.3 trillion in client assets. In context of recent growth- and brand-focused releases, investors may watch advisor additions, asset flows, and integration of new teams as key indicators of how effectively LPL leverages its platform.

Key Terms

broker-dealer financial

"a registered investment advisor and broker-dealer, member FINRA/SIPC."

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

"Securities and advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor and broker-dealer"

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.

FINRA regulatory

"a registered investment advisor and broker-dealer, member FINRA/SIPC."

FINRA is the U.S. self‑regulatory organization that oversees brokerage firms and individual brokers, setting and enforcing rules to protect investors and keep markets orderly. Think of it as a referee and rulebook keeper for the broker industry: it licenses brokers, monitors their behavior, enforces standards, and runs complaint and arbitration systems, so investors can check records and have a path to resolve disputes.

SIPC regulatory

"a registered investment advisor and broker-dealer, member FINRA/SIPC."

The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that helps customers recover cash and securities if a registered brokerage firm fails and assets are missing. Think of it like an insurance backstop for your brokerage account—it can replace missing holdings up to legal limits but does not protect against losses from market movements or bad investment choices.

AI-generated analysis. Not financial advice.

SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC  announced today that financial advisor Melissa Mirabile has joined LPL’s employee advisor channel Linsco by LPL Financial to launch Forest Lake Wealth Partners. She reported serving approximately $280 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS.  

Located in Albany, N.Y., Forest Lake Wealth Partners serves a wide range of clients across the country, including families, business owners, and trade unions. This diverse client base highlights the firm’s commitment to addressing a broad spectrum of financial needs. Mirabile, who has over 30 years of experience and is the fifth financial advisor in her family, continues a legacy of trusted financial guidance. The team is dedicated to treating each client as an individual, deliberately avoiding short-lived financial trends in favor of a practical, common-sense approach to financial planning.

“We recognize that every client is unique, so we create tailored financial plans designed to meet their individual needs. Our team is dedicated to going above and beyond, offering clients a comprehensive perspective on their finances. In addition to investment strategies, we assist with estate planning and tax management. By intentionally limiting the number of clients we serve, we are able to develop close, personal relationships with each one,” said Mirabile.

Why Forest Lake Wealth Partners Chose LPL

Seeking more autonomy and customization for their clients, the team — which also includes 3^rd generation Wealth Associate Casey Mirabile and Business Development Associate Lars Olson — turned to LPL.

“Linsco provides us with comprehensive support, increased efficiency and more freedom to address each client’s individual needs, without potential conflicts of interest or cookie-cutter models. This will allow us to spend our time the way we should – by helping our clients. Linsco made the transition so successful by offering a dedicated and responsive team. We are so excited to have our clients benefit from this support long term,” said Mirabile.

Scott Posner, managing director of business development, said, “We welcome Melissa and team to the Linsco community. At LPL, we are committed to offering differentiated experiences for advisors and their clients. We do that by offering unparalleled flexibility, strategic resources and innovative technology designed to help advisors deliver an elevated client experience while operating thriving practices. We look forward to supporting Forest Lake Wealth Partners 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 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 advisor and broker-dealer, member FINRA/SIPC.

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 #834869

FAQ

What did LPL (LPLA) announce on Dec. 11, 2025 about Forest Lake Wealth Partners?

LPL announced Melissa Mirabile joined Linsco by LPL to launch Forest Lake Wealth Partners in Albany, NY, bringing about $280 million in client assets.

How much in assets does Forest Lake Wealth Partners report bringing to LPL (LPLA)?

The team reported serving approximately $280 million in advisory, brokerage and retirement plan assets.

Where did Melissa Mirabile move from before joining LPL (LPLA)?

Melissa Mirabile joined LPL from UBS.

What services will Forest Lake Wealth Partners offer under LPL (LPLA)?

The firm focuses on tailored financial planning, investment strategies, estate planning and tax management while limiting client counts for personalized service.

How does LPL describe its scale and advisor support for new teams like Forest Lake Wealth Partners?

LPL says it supports over 32,000 advisors, services about $2.3 trillion in assets, and offers affiliation models, technology and practice management resources.