LPL Welcomes McCormick Private Wealth to Linsco

LPL Financial (Nasdaq:LPLA) welcomed advisor Wayne McCormick to its Linsco model to launch McCormick Private Wealth in Manchester, N.H.

Rhea-AI Summary

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.

Argus Jun 30 session

+4.62% close to close Open Argus

Details

News Market Reaction – LPLA

On Jun 30, the day this news came out, LPLA closed 4.62% above the previous close.

Data tracked by StockTitan Argus for the Jun 30 session.

Key Figures

Client assets moved: $340 million Industry experience: 30 years Advisor tenure: 16 years +4 more

Client assets moved

$340 million

McCormick Private Wealth advisory, brokerage and retirement plan assets

Industry experience

30 years

McCormick’s total financial services experience

Advisor tenure

16 years

McCormick’s experience specifically as a financial advisor

Supported advisors

32,000

Financial advisors supported by LPL

Financial institutions

1,100

Wealth management institutions supported by LPL

Total client assets

$2.3 trillion

Brokerage and advisory assets serviced and custodied by LPL

End clients

8 million

Americans served through LPL’s platform

Historical Context

5 past events · Latest: Jun 25

5 events

1. Jun 25

   Advisor onboarding

   24h Move

   -1.7%

   LPL added NorthStar Wealth Advisory with about $160M in client assets.

2. Jun 24

   Advisor onboarding

   24h Move

   -4.4%

   Tribute Financial joined LPL platform with over $500M in client assets.

3. Jun 17

   Advisor onboarding

   24h Move

   +0.4%

   Advisor Daniel Zacharias joined LPL with about $250M in client assets.

4. Jun 16

   Monthly metrics

   24h Move

   +0.4%

   Reported May 2026 client assets of $2.55T with strong year-over-year growth.

5. Jun 16

   Advisor onboarding

   24h Move

   +2.7%

   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.

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 advisor regulatory

"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-dealer regulatory

"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.

finra regulatory

"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.

View in glossary

sipc regulatory

"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. How Rhea-AI works. Not financial advice.

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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.”

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 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.

Media Contact: 
Media.relations@LPLFinancial.com

Tracking #1131149

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.