LPL Financial (Nasdaq:LPLA) welcomed advisor Wayne McCormick to its Linsco model to launch McCormick Private Wealth in Manchester, N.H. The team reported serving about $340 million in assets and focuses on planning-first, relationship-based advice for individuals, families and multigenerational clients.
LPL reports supporting over 32,000 advisors, about 1,100 financial institutions and approximately $2.3 trillion in brokerage and advisory assets for around 8 million Americans.
On the day this news was published, LPLA gained 4.62%, reflecting a moderate positive market reaction.
Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
This price movement added approximately $994M to the company's valuation, bringing the market cap to $22.50B at that time.
This announcement adds about $340 million of client assets via McCormick Private Wealth to LPL’s alr...
Analysis
This announcement adds about $340 million of client assets via McCormick Private Wealth to LPL’s already large base of roughly $2.3 trillion. Recent insider activity shows net selling, so investors may watch future advisor additions alongside governance and compensation trends.
Key Figures
Client assets moved:$340 millionIndustry experience:30 yearsAdvisor tenure:16 years+4 more
7 metrics
Client assets moved$340 millionMcCormick Private Wealth advisory, brokerage and retirement plan assets
Industry experience30 yearsMcCormick’s total financial services experience
Advisor tenure16 yearsMcCormick’s experience specifically as a financial advisor
Supported advisors32,000Financial advisors supported by LPL
Financial institutions1,100Wealth management institutions supported by LPL
Total client assets$2.3 trillionBrokerage and advisory assets serviced and custodied by LPL
End clients8 millionAmericans served through LPL’s platform
Peers on Argus
LPLA was modestly higher pre-news, while high-affinity peers like HLI, SF, EVR a...
1 Up
LPLA was modestly higher pre-news, while high-affinity peers like HLI, SF, EVR and FUTU were down, and only TW showed upside momentum, suggesting moves were not driven by a broad sector rotation.
Spectrum Wealth Strategies joined LPL with about $1.5B in client assets.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent advisor-onboarding and activity updates have produced mixed reactions, with both rallies and selloffs following generally positive business growth news.
Regulatory & Risk Context
Short Interest: 4.72%
Short Interest
4.72% of float
0%15%30%+
lowas of 2026-06-15Days to cover: 3.74
Reported short interest appears relatively low, suggesting limited short-squeeze potential and a generally moderate contribution to day-to-day share price volatility.
Key Terms
cfp®, chfc®, registered investment advisor, broker-dealer, +2 more
6 terms
cfp®financial
"financial advisor Wayne McCormick, CFP®, CHFC® has joined Linsco"
A CFP® is a certified financial planner designation granted to professionals who have met standardized education, experience and ethical requirements for giving personal financial advice. Think of a CFP® as a licensed architect for your money: they design long-term plans for saving, investing, taxes and retirement and are trained to act in a client’s best interest. For investors, a CFP® signals a higher level of competence and accountability when choosing someone to manage or advise on their finances.
chfc®financial
"financial advisor Wayne McCormick, CFP®, CHFC® has joined Linsco"
A CHFC® is a professional financial planning designation awarded to advisors who have completed advanced coursework and passed exams in areas like retirement planning, investments, taxes, and estate planning. For investors, seeing this credential on an advisor is like spotting a specialized diploma or license: it signals extra training and a standardized body of knowledge that can provide greater confidence in the advisor’s ability to create and manage comprehensive financial plans.
registered investment advisorregulatory
"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.
broker-dealerregulatory
"LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer"
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.
finraregulatory
"LPL Financial LLC (“LPL Financial”), 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.
sipcregulatory
"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.
SAN DIEGO, June 30, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Wayne McCormick, CFP®, CHFC® has joined Linsco by LPL Financial to launch McCormick Private Wealth. He reported serving approximately $340 million in advisory, brokerage and retirement plan assets* and joins LPL from Steward Partners.
Based in Manchester, N.H., the McCormick Private Wealth team also includes Michelle Lauder, CFP® and Bo Denniston. They serve individuals and families navigating some of life’s most important financial decisions, including those approaching or living in retirement. The practice also supports multigenerational relationships, working with clients who are building wealth, growing their families, and planning for long-term financial responsibility and legacy.
McCormick brings 30 years of financial services experience, with a background in lending, credit, retirement planning, and insurance, and has spent the past 16 years helping clients as a financial advisor. His approach is rooted in a belief that financial advice should be both highly personal and grounded in long-term relationships.
“At the center of our work is trust,” McCormick said. “When clients choose to work with us, they are placing confidence in the guidance we provide, and we take that responsibility seriously. Our role is to simplify complexity, provide meaningful insight and help clients make thoughtful decisions that align with what matters most to them.”
As a planning-first practice, McCormick Private Wealth is focused on understanding each client’s goals, concerns and vision for the future before developing tailored strategies to support them. The firm emphasizes clarity and relevance, helping clients navigate an increasingly complex financial landscape with confidence and purpose.
Why McCormick Private Wealth Chose LPL
After an extensive due diligence process, McCormick selected LPL for its combination of independence, integrated technology and institutional support.
“What stood out was the ability to combine a seamless technology experience with the flexibility to choose the solutions that best serve our clients,” McCormick said. “That efficiency allows us to spend more time focused on relationships and planning, while maintaining the independence of a boutique practice backed by the resources of an industry leader.”
LPL Chief Growth Officer Marc Cohen said, “We are pleased to support Wayne McCormick as he launches his independent practice with our Linsco model. His commitment to building trusted relationships and delivering thoughtful, planning-focused advice aligns with LPL’s purpose to support advisors with the technology, resources and flexibility they need to serve clients effectively. We look forward to supporting his continued success.”
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 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.
Who is Wayne McCormick and what is McCormick Private Wealth with LPL (Nasdaq:LPLA)?
Wayne McCormick is a financial advisor launching McCormick Private Wealth through Linsco by LPL Financial. According to LPL Financial, he has 30 years of industry experience and focuses on planning-first, relationship-driven advice for individuals, families and multigenerational clients in Manchester, New Hampshire.
How many client assets does McCormick Private Wealth bring to LPL Financial (LPLA)?
McCormick Private Wealth reported serving about $340 million in advisory, brokerage and retirement plan assets. According to LPL Financial, this approximate value is based on asset and holding details provided as of the end of 2025, supporting individuals, families and retirement-focused clients.
Why did McCormick Private Wealth choose to affiliate with LPL Financial (LPLA)?
McCormick Private Wealth chose LPL for its independence, integrated technology and institutional support. According to LPL Financial, the team valued a seamless technology experience, flexibility to select client solutions, and the ability to operate as a boutique practice backed by resources from a large wealth management firm.
What is Linsco by LPL Financial and how does it support advisors (LPLA)?
Linsco is an affiliation model within LPL Financial that supports independent advisor practices. According to LPL Financial, it combines institutional resources, integrated technology and practice support while allowing advisors like McCormick Private Wealth to maintain independence and a relationship-focused, planning-first service model for their clients.
How large is LPL Financial's advisor network and asset base as of 2025 (LPLA)?
LPL Financial reports supporting more than 32,000 financial advisors across about 1,100 financial institutions. According to LPL Financial, the firm services and custodies approximately $2.3 trillion in brokerage and advisory assets on behalf of around 8 million Americans in the wealth management marketplace.
What types of clients does McCormick Private Wealth serve under LPL Financial (LPLA)?
McCormick Private Wealth serves individuals and families, including those approaching or living in retirement. According to LPL Financial, the practice also supports multigenerational relationships, working with clients who are building wealth, growing families and planning for long-term financial responsibility, legacy and retirement security.
