LPL Welcomes Gibson Financial Group to Linsco

LPL Financial (Nasdaq: LPLA) announced on March 24, 2026 that advisors Kelly Lawrence and Vin Sbano joined Linsco by LPL to form Gibson Financial Group of LPL Financial.

Rhea-AI Summary

LPL Financial (Nasdaq: LPLA) announced on March 24, 2026 that advisors Kelly Lawrence and Vin Sbano joined Linsco by LPL to form Gibson Financial Group of LPL Financial. The Boston-based team brought approximately $180 million in advisory, brokerage and retirement plan assets from B. Riley Wealth.

The team is supported by Senior Registered Client Service Associate David MacDonald and cited LPL’s scale, technology, training and self-clearing structure as reasons for the move.

Argus Mar 24 session

-0.04% close to close Open Argus

Details

News Market Reaction – LPLA

In the Mar 24 session, LPLA declined 0.04%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds another advisory team, Gibson Financial Group with about $180 million in asse...

Analysis

This announcement adds another advisory team, Gibson Financial Group with about $180 million in assets, to LPL’s growing platform that already supports over 32,000 advisors and $2.4 trillion in client assets. It extends a series of recent advisor additions and organic growth updates. In parallel, investors may track upcoming proxy matters, insider equity activity, and continued advisor recruitment to gauge how LPL converts scale into sustained business performance.

Key Figures

Team assets: $180 million Minimum client assets: $30,000 Larger client assets: $10 million +5 more

Team assets

$180 million

Gibson Financial Group advisory, brokerage and retirement plan assets

Minimum client assets

$30,000

Example of smaller client portfolio mentioned by advisor

Larger client assets

$10 million

Example of larger client portfolio mentioned by advisor

Financial advisors supported

32,000

Number of financial advisors supported by LPL

Institutions supported

1,200

Approximate number of financial institutions supported by LPL

Client assets

$2.4 trillion

Brokerage and advisory assets serviced and custodied by LPL

Clients served

8 million

Approximate number of Americans served

Asset date reference

2025 year-end

Asset value approximated based on details from end of year 2025

Historical Context

5 past events · Latest: Mar 19

5 events

1. Mar 19

   Monthly activity update

   24h Move

   +2.7%

   Reported higher advisory and brokerage assets with net new asset growth.

2. Mar 17

   Advisor team addition

   24h Move

   +3.4%

   Consilium Wealth joined LPL platform with about $250 million in assets.

3. Mar 12

   Advisor team addition

   24h Move

   -4.4%

   Legacy Ridge joined Strategic Wealth with roughly $600 million in assets.

4. Mar 04

   Leadership promotions

   24h Move

   +1.9%

   Two executives promoted to managing director roles to drive execution.

5. Mar 03

   Advisor addition (PAG)

   24h Move

   +0.1%

   Robert Woodend joined via Private Advisor Group with $150 million in 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, broker-dealer, finra/sipc, self-clearing structure

4 terms

registered investment advisor regulatory

"LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member"

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.

broker-dealer regulatory

"“LPL 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.

finra/sipc regulatory

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

FINRA is the self-regulatory agency that oversees brokerage firms and brokers, enforcing rules and handling disputes to help keep markets fair; SIPC is a nonprofit that acts like a limited insurance safety net, protecting customers' cash and securities if a broker-dealer fails. Investors care because FINRA aims to prevent misconduct and resolve complaints, while SIPC helps recover missing assets, giving investors greater trust that their holdings are monitored and have a backstop.

self-clearing structure technical

"LPL’s training program will allow me to bring on a junior partner in the future, and the self-clearing structure was essential."

A self-clearing structure is when a financial firm handles the settlement, record-keeping and custody of its own trades instead of outsourcing those back-office tasks to a separate clearing firm. Like a shop that processes its own orders rather than using a fulfillment center, this can lower fees and give the firm more control, but it also requires more capital, systems and regulatory oversight and can concentrate operational and financial risk.

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

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SAN DIEGO, March 24, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC  announced today that financial advisors Kelly Lawrence and Vin Sbano have joined Linsco by LPL Financial to launch Gibson Financial Group of LPL Financial. The team reported serving approximately $180 million in advisory, brokerage and retirement plan assets* and joins LPL from B. Riley Wealth Management.

Based in Boston, Gibson Financial Group serves a diverse client base across professions and life stages. The team is supported by David MacDonald, MBA, Senior LPL Registered Client Service Associate, who plays a significant role in the group’s day-to-day operations and client experience. Lawrence and Sbano are recognized for their deeply personalized, relationship-driven approach and their philosophy that every client deserves care, respect and tailored guidance.

“Our clients span every background imaginable, but the common thread is that they are all genuinely good people,” said Lawrence. “Whether someone has $30,000 or $10 million, their goals matter equally. We customize every plan to each individual — some want a full financial plan, others prefer simplicity and many fall somewhere in the middle. Our job is to meet them where they are and support them through every life transition.”

Why Gibson Financial Group Chose LPL

Seeking greater independence, the team turned to LPL for its scale, technology and resources.

“I needed a firm with stability, strong reputation and robust resources,” Lawrence said. “After navigating a period of major personal and professional transition, it became even more important to operate within a platform that has the infrastructure to support long-term growth. LPL’s training program will allow me to bring on a junior partner in the future, and the self-clearing structure was essential.”

She added, “LPL gives us the independence of an entrepreneurial practice along with the technology, tools and support you’d expect from a much larger institution — without the proprietary product pressures.”

Scott Posner, LPL managing director of business development, said, “We’re pleased to welcome the Gibson Financial Group team to the Linsco community. Their client-first approach aligns well with LPL’s mission to provide advisors with the flexibility, technology and support needed to deliver an exceptional experience. We look forward to supporting their continued growth.”

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 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, 2025.

Media Contact: 
Media.relations@LPLFinancial.com 

Tracking #1080418

FAQ

How much in assets did Gibson Financial Group bring to LPL (LPLA) on March 24, 2026?

They brought approximately $180 million in advisory, brokerage and retirement plan assets. According to the company, that figure is an approximation based on asset and holding details provided to LPL at year-end 2025.

Why did Gibson Financial Group choose LPL Financial (LPLA) for their move in March 2026?

They chose LPL for greater independence, scale, technology and resources. According to the company, LPL’s training, self-clearing structure and platform stability were key factors in the decision.

From which firm did Gibson Financial Group transition to LPL (LPLA) on March 24, 2026?

The team joined LPL from B. Riley Wealth Management. According to the company, the advisors moved their practice and client assets to Linsco by LPL to access LPL’s infrastructure and support.

Where is Gibson Financial Group of LPL Financial based after the March 2026 move?

Gibson Financial Group is based in Boston. According to the company, the team serves a diverse client base across professions and life stages from their Boston office.

What support staff joined Gibson Financial Group at LPL (LPLA) in March 2026?

The team is supported by David MacDonald, MBA, Senior LPL Registered Client Service Associate. According to the company, MacDonald plays a significant role in day-to-day operations and client experience.