LPL Welcomes NorthStar Wealth Advisory
LPL Financial Holdings (Nasdaq:LPLA) announced that advisor Ronald White has launched independent practice NorthStar Wealth Advisors, supported by LPL-affiliated Good Life Companies.
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Rhea-AI Summary
LPL Financial Holdings (Nasdaq:LPLA) announced that advisor Ronald White has launched independent practice NorthStar Wealth Advisors, supported by LPL-affiliated Good Life Companies. The El Paso, Texas team, including advisor Scott Draime, reported serving approximately $160 million in advisory, brokerage and retirement plan assets* and joins from Raymond James.
LPL now supports more than 32,000 financial advisors, about 1,100 financial institutions and approximately $2.3 trillion in brokerage and advisory assets for around 8 million Americans.
Details
News Market Reaction – LPLA
On Jun 25, the day this news came out, LPLA closed 1.71% below the previous close.
Data tracked by StockTitan Argus for the Jun 25 session.
Key Figures
- NorthStar client assets
- $160 million
- Advisory, brokerage and retirement plan assets as reported by the team
- Advisor experience
- more than three decades
- Ronald White’s industry experience serving retirees and high-net-worth clients
- Advisor experience
- approximately 30 years
- Scott Draime’s industry experience with private wealth and families
- Advisor count
- more than 32,000
- Financial advisors supported by LPL Financial in the U.S.
- Institutional clients
- approximately 1,100
- Financial institutions whose wealth practices are supported by LPL
- Client assets
- $2.3 trillion
- Brokerage and advisory assets serviced and custodied by LPL
- End clients
- approximately 8 million
- Americans on whose behalf LPL services and custodies assets
- Tracking number
- 1129368
- Internal tracking identifier for the LPL press communication
Historical Context
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Advisor joined LPL platform with about $250M in client assets.
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Reported higher total client assets and solid organic net new assets.
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Spectrum Wealth Strategies joined with about $1.5B in client assets.
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Fortress Financial Planning joined with roughly $150M in assets.
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Advisor Les Smith joined with about $185M 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
registered investment adviser regulatory
broker-dealer regulatory
finra/sipc regulatory
wealth management financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, June 25, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Ronald White has launched a new independent practice, NorthStar Wealth Advisors, with support from Good Life Companies, an LPL Financial-affiliated firm. The team reported serving approximately
Based in El Paso, Texas, White brings more than three decades of experience serving retirees, business owners and high-net-worth families. He has built his practice on disciplined investing, tax-efficient strategies and long-term financial planning, with a strong emphasis on personalized service and client education.
White is joined by wealth advisor Scott Draime. Draime also brings approximately 30 years of industry experience, working with private wealth clients and families on retirement planning and relationship-driven financial guidance.
Together, the NorthStar Wealth Advisors team serves retirees, individuals nearing retirement, business owners and multigenerational families, delivering comprehensive wealth management tailored to each client’s goals.
“Our focus has always been on building long-term relationships and helping clients navigate important financial decisions with clarity and confidence,” White said. “We take a planning-first approach and are committed to delivering personalized strategies that evolve with our clients’ needs.”
Why They Chose LPL Financial and Good Life Companies
White said the move was driven by a desire for greater independence, combined with the infrastructure and support needed to grow the business.
“I wanted more ownership and flexibility in how we run our business and serve clients,” White said. “This relationship provides the operational support, technology and resources we need, and LPL’s platform gives us the scale and flexibility to continue enhancing the client experience. This will allow us to build a business that is fully aligned with our long-term vision.”
“We are proud to welcome Ron White and the team at NorthStar Wealth Advisors to the LPL community,” said Marc Cohen, chief growth officer at LPL Financial. “Through this strategic relationship, Ron and his team gain access to a strong combination of operational support and LPL’s integrated platform. This model provides the flexibility, resources and scale needed to serve clients effectively while building a differentiated and growing practice.”
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
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. NorthStar Wealth Advisors, Good Life Companies and LPL Financial are separate entities.
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 #1129368
FAQ
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