LPL Welcomes Paxara Wealth Partners to Linsco
Rhea-AI Summary
LPL Financial (Nasdaq: LPLA) announced on May 7, 2026 that advisors Conley Thornhill, Doug Rathbun, Nikki Rathbun and team launched Paxara Wealth Partners on Linsco by LPL, bringing approximately $330 million in advisory, brokerage and retirement plan assets from UBS. Paxara is based in Winter Haven, Fla.
The team cited LPL’s technology, advisor independence and broad resources as reasons for the move. LPL supports more than 32,000 advisors and custodians approximately $2.3 trillion in brokerage and advisory assets.
AI-generated analysis. Not financial advice.
Positive
- $330 million in client assets joining Linsco by LPL
- Founder Conley Thornhill named Forbes Best-In-State Wealth Advisor 2020–2025
- Team selected LPL for enhanced technology and advisor independence
- Paxara provides specialized planning for business owners, physicians and executives
Negative
- None.
News Market Reaction – LPLA
On the day this news was published, LPLA declined 4.65%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
LPLA’s modest -0.87% move occurred alongside mixed action in key peers: TW -0.71%, HLI -3.56%, SF -0.19%, while FUTU +3.74% and EVR +0.53%. This points to stock-specific trading rather than a unified sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 05 | Advisor recruitment | Positive | +2.1% | Capital Investment Services joined LPL with about $775 million in assets. |
| Apr 30 | Quarterly earnings | Positive | -4.6% | Q1 2026 results showed higher revenue, EPS and client assets growth. |
| Apr 28 | Program launch | Positive | +1.0% | Introduced Military Deployment Practice Continuation Program for advisors. |
| Apr 28 | Advisor recruitment | Positive | +1.0% | Advisor Greg Selg joined LPL with about $260 million in client assets. |
| Apr 21 | Advisor recruitment | Positive | +0.7% | Courtney Walker joined LPL with over $180 million in client assets. |
Recent advisor-recruiting press releases have generally aligned with small positive price moves, while the latest earnings release saw a negative reaction despite strong reported results.
Over the past few weeks, LPLA has repeatedly highlighted organic growth and platform appeal by welcoming new advisor teams with assets ranging from $180 million to $775 million. These business development updates on Apr 21, Apr 28, and May 5 coincided with modest positive price reactions. In contrast, the Apr 30 first-quarter 2026 earnings, which detailed strong growth in client assets and profitability, saw a -4.64% move. Today’s Paxara Wealth Partners announcement adds another recruiting win to that ongoing expansion theme.
Market Pulse Summary
This announcement highlights LPL’s continued expansion of its advisor base by adding Paxara Wealth Partners, a team overseeing approximately $330 million in client assets and led by a Forbes-recognized advisor. It reinforces LPL’s broader scale of more than 32,000 advisors and about $2.3 trillion in client assets. In context with recent advisor additions, investors may watch how such recruiting trends contribute to overall asset growth, productivity, and platform differentiation over time.
Key Terms
cfp financial
cima financial
broker-dealer financial
registered investment advisor financial
finra/sipc regulatory
AI-generated analysis. Not financial advice.
SAN DIEGO, May 07, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Conley Thornhill, CFP®, CIMA®, Doug Rathbun and Nikki Rathbun have joined Linsco by LPL Financial to launch Paxara Wealth Partners. The team reported serving approximately
Based outside of Tampa in Winter Haven, Fla., Paxara Wealth Partners serves a national client base that includes business owners, physicians, executives and retirees, many of whom are navigating complex financial lives. With more than a century of combined industry experience, the firm takes a personalized, team-based approach designed to bring insight and reassurance to every stage of a client’s financial journey, from managing successful businesses to planning for retirement and building multigenerational wealth.
Thornhill, Paxara’s founder and lead advisor, has been recognized as a Forbes Best-In-State Wealth Advisor for five consecutive years (2020–2025), reflecting his longstanding commitment to client-focused advice and disciplined financial planning.**
“We’ve always taken a deeply personal approach, treating every client like family to ensure a high level of care,” said Thornhill. “Many of our relationships span decades, and today we’re proud to work with second- and third-generation clients who continue to trust us with their financial lives.”
In addition to comprehensive wealth planning, the team is especially focused on guiding clients through major life transitions.
“On a personal level, I’m especially passionate about supporting women through pivotal moments like divorce or widowhood,” said Nikki Rathbun, vice president and financial advisor. “During those times, it’s not just about financial guidance – it’s about listening, simplifying the process and providing reassurance when clients need it most.”
The firm’s name reflects its planning philosophy – “Pax” is the Latin word for peace while “ara” represents a strong foundation.
“Clients value our strategic, individualized approach that’s grounded in disciplined planning and decades of experience,” said Doug Rathbun, vice president and financial advisor. “Ultimately, our role is to bring clarity and confidence to important decisions, helping families protect what they’ve built and plan thoughtfully for what comes next.”
Why Paxara Wealth Partners Chose LPL
After an extensive due diligence process, the Paxara team, which also includes Joseph Kolad, CIMA®, CLU®, Kelly Castle and Ashley Aycock, selected LPL for its advanced technology, advisor independence and breadth of resources that allow them to operate without proprietary product constraints.
“Our move to LPL was driven by a desire for better technology, greater independence and the freedom to serve our clients fully and objectively,” said Doug Rathbun. “LPL allows us to elevate the client experience, collaborate more effectively and advocate for clients across areas like lending – without being limited to a single provider.”
LPL Chief Growth Officer Marc Cohen said, “We are proud to welcome Paxara Wealth Partners to LPL. Their commitment to personalized, relationship-driven advice aligns with LPL’s purpose to empower advisors with the technology, flexibility and support they need to deliver meaningful outcomes for their clients.”
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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 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.
** Forbes Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the rankings, but awardees have the option to purchase rights to use the award logo or additional marketing packages to promote their award. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.
Media Contact:
Media.relations@LPLFinancial.com
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