LPL Welcomes Michael Dworetsky to Lighthouse Private Wealth

Rhea-AI Summary

LPL Financial (Nasdaq: LPLA) announced on Feb 26, 2026 that veteran advisor Michael Dworetsky joined LPL’s broker-dealer and RIA aligned with Lighthouse Private Wealth. Dworetsky brings ~$200 million in advisory, brokerage and retirement plan assets and 45 years of experience, joining from StoneX.

He and his licensed assistant are based in Florida; Lighthouse operates offices in Palm Beach Gardens, FL; Red Bank, NJ; and Manasquan, NJ. LPL supports over 32,000 advisors and custodians approximately $2.4 trillion in assets.

News Market Reaction – LPLA

+0.34%

1 alert

+0.34% News Effect

On the day this news was published, LPLA gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Advisor assets: $200 million Industry experience: 45 years Client relationship length: 35–40 years +4 more

7 metrics

Advisor assets $200 million Assets served by Michael Dworetsky (advisory, brokerage, retirement plans)

Industry experience 45 years Michael Dworetsky’s industry experience

Client relationship length 35–40 years Length of many client relationships across generations

Advisors supported 32,000 Number of financial advisors supported by LPL

Institutions supported 1,200 Approximate number of financial institutions supported by LPL

Platform assets $2.4 trillion Approximate brokerage and advisory assets serviced and custodied by LPL

End clients 8 million Approximate Americans served through LPL’s platform

Market Reality Check

Price: $300.38 Vol: Volume 908,623 is below 2...

low vol

$300.38 Last Close

Volume Volume 908,623 is below 20-day average 1,329,296 (relative volume 0.68). low

Technical Trading below 200-day MA at 361.5, and 21.09% below 52-week high of 403.575.

Peers on Argus

LPLA is up 3.16% while key peers show mixed moves: FUTU +1.34%, SF +0.69%, TW -0...

1 Up

LPLA is up 3.16% while key peers show mixed moves: FUTU +1.34%, SF +0.69%, TW -0.32%, EVR -0.18%, HLI -0.63%. Only EVR appeared in momentum scanners earlier, up about 2.98%, so LPLA’s move appears stock-specific rather than a broad sector rotation.

Historical Context

5 past events · Latest: Feb 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 19	Monthly activity update	Positive	-2.6%	Reported $2.41T assets with $4.2B organic net new assets in January.
Feb 19	Advisor recruitment	Positive	-1.3%	Advisor Tom Madigan joined via LPL Strategic Wealth with ~$300M in assets.
Feb 18	Strategic partnership	Positive	+3.1%	Simplicity named preferred BGA, enhancing insurance offerings for ~32,000 advisors.
Feb 17	Advisor recruitment	Positive	-3.7%	Shoreline Private Wealth joined LPL with ~$275M in advisory and brokerage assets.
Feb 12	Advisor recruitment	Positive	-2.6%	Sound Wealth team joined LPL with ~$420M in advisory and retirement assets.

Pattern Detected

Recent advisor-recruiting headlines and strategic partnerships were generally positive in tone, but LPLA often saw negative next-day moves, with only one of the last five news events showing a positive price reaction.

Recent Company History

Over recent weeks, LPL has combined steady platform growth with frequent advisor recruitment. Monthly activity for January 2026 highlighted $2.41 trillion in assets and $4.2 billion in organic net new assets. Multiple teams, including Sound Wealth (~$420 million), Shoreline (~$275 million), and Tom Madigan (~$300 million), joined LPL’s platforms. A strategic relationship with Simplicity Group effective May 1, 2026 broadened insurance capabilities. Today’s Lighthouse Private Wealth addition fits this ongoing advisor-acquisition and scale-expansion narrative.

Market Pulse Summary

This announcement highlights LPL’s continued success attracting experienced advisors, adding Michael...

Analysis

This announcement highlights LPL’s continued success attracting experienced advisors, adding Michael Dworetsky and approximately $200 million in client assets to Lighthouse Private Wealth. It fits a broader pattern of recruitment and scale, alongside platform assets of roughly $2.4 trillion and support for about 32,000 advisors. Investors may watch how consistently such additions translate into organic net new assets and whether advisor retention and integration support long-term growth in advisory and brokerage assets.

Key Terms

registered investment advisor (RIA), broker-dealer, finra, sipc

4 terms

registered investment advisor (RIA) regulatory

"joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA), aligned with Lighthouse"

A registered investment advisor (RIA) is a person or firm legally registered with regulators to provide investment advice and manage client portfolios for a fee. RIAs must put clients’ interests ahead of their own — a legal duty that helps reduce undisclosed conflicts, like a mechanic who must recommend only necessary repairs. Investors pay attention because an RIA’s fee model and duty of loyalty influence costs, trust, and how investment choices are made.

broker-dealer regulatory

"joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA), aligned with Lighthouse"

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

"Member FINRA/SIPC. Lighthouse Private Wealth and LPL Financial are separate entities."

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

"Member FINRA/SIPC. Lighthouse Private Wealth and LPL Financial are separate entities."

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, Feb. 26, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that veteran financial advisor Michael Dworetsky, has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA), aligned with Lighthouse Private Wealth, an existing firm supporting LPL-affiliated advisors. He reports serving approximately $200 million in advisory, brokerage and retirement plan assets and joins LPL from StoneX.

Dworetsky brings 45 years of industry experience, beginning his career in accounting before transitioning into wealth management. His practice centers on long-term planning, multigenerational client relationships and personalized portfolio management for professionals, business owners, attorneys and accountants. Many of his client relationships span 35 to 40 years, extending to children and grandchildren. He and his licensed assistant, Nicole Bondellio, are based in Florida, and Lighthouse Private Wealth operates from three offices located in Palm Beach Gardens, Fla.; Red Bank, N.J.; and Manasquan, N.J.

“My approach has always been to understand each client’s objectives and guide them through the complexities of long-term planning,” said Dworetsky. “I run an individualized practice with no fixed format — every family is unique. We prioritize communication, personal connection and doing what is in the best interest of our clients.”

Why Michael Dworetsky Chose LPL and Lighthouse Private Wealth

Dworetsky’s decision to join LPL and Lighthouse Private Wealth was driven by his desire to ensure continuity, long-term support and multigenerational service for his clients.

“At this stage in my career, choosing a partner who could support a long-term transition for my clients was essential,” said Dworetsky. “Lighthouse’s integrity and the way their team works together gave me complete confidence and LPL’s reputation as a first-rate firm with strong technology and advisor support made the decision even easier. With LPL behind us, I know my clients will be cared for not just today, but for generations to come.”

“From my perspective, Mike and I instantly connected — our backgrounds were similar and we developed a bond quickly,” said Robert Tendler, managing partner at Lighthouse Private Wealth. “What stood out most was Mike’s unwavering concern for his clients. Lighthouse is a multigenerational firm, and we’re honored to support Mike and welcome his clients. It’s been an absolute pleasure, and we’re excited for what we will build together.”

Scott Posner, managing director of business development at LPL, added, “We are pleased to welcome Michael to LPL. His decades-long commitment to highly personalized, generational client service aligns with LPL’s mission to empower advisors with the freedom, technology and support they need to deliver exceptional experiences. We look forward to supporting Michael and Lighthouse Private Wealth as they continue to grow and serve families for many 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 1,200 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 adviser and broker-dealer. Member FINRA/SIPC. Lighthouse Private Wealth and LPL Financial are separate entities.

*Value approximated based on asset and holding details provided to LPL from end of year, 2024.

Media Contact: 
Media.relations@LPLFinancial.com 

Tracking #1068964

FAQ

Who is Michael Dworetsky and what did he announce on Feb 26, 2026 with LPL (LPLA)?

Michael Dworetsky is a 45-year veteran financial advisor who joined LPL and Lighthouse Private Wealth on Feb 26, 2026. According to the company, he brings approximately $200 million in advisory, brokerage and retirement plan assets from his prior firm, StoneX.

How much assets under management did Michael Dworetsky bring to LPL (LPLA)?

He brought about $200 million in advisory, brokerage and retirement plan assets to LPL. According to the company, that value is approximated from client asset and holding details provided to LPL as of end of 2024.

What team and offices will Michael Dworetsky be affiliated with at LPL (LPLA)?

Dworetsky joined LPL aligned with Lighthouse Private Wealth, based in Florida with three offices. According to the company, Lighthouse operates in Palm Beach Gardens, FL; Red Bank, NJ; and Manasquan, NJ.

Why did Michael Dworetsky choose LPL and Lighthouse Private Wealth (LPLA)?

He chose LPL and Lighthouse for continuity, multigenerational client support and advisor technology and backing. According to the company, Dworetsky cited Lighthouse’s teamwork and LPL’s technology and advisor support.

Does Michael Dworetsky have support staff and where are they located under LPL (LPLA)?

Yes, he works with a licensed assistant, Nicole Bondellio, and they are based in Florida. According to the company, the practice will operate under Lighthouse Private Wealth’s affiliation with LPL.

How does this hiring relate to LPL’s overall advisor network and assets (LPLA)?

The hire adds to LPL’s network of advisors but is small relative to firm scale. According to the company, LPL supports over 32,000 advisors and custodians roughly $2.4 trillion in assets.