Welcome to our dedicated page for Lpl Financial news (Ticker: LPLA), a resource for investors and traders seeking the latest updates and insights on Lpl Financial stock.
LPL Financial Holdings Inc. (Nasdaq: LPLA) provides essential technology and support services to over 22,000 financial advisors nationwide. This page serves as the definitive source for official company announcements, financial results, and strategic developments.
Access real-time updates including quarterly earnings disclosures, regulatory filings, and technology initiatives that shape the advisor-mediated wealth management landscape. Our curated collection ensures investors and professionals stay informed about operational milestones, partnership agreements, and compliance updates critical to understanding LPLA's market position.
Explore press releases covering advisor recruitment trends, platform enhancements, and industry thought leadership. All content is sourced directly from LPL Financial's corporate communications, maintaining factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to LPLA's financial narrative. For historical context, combine these updates with our detailed company profile analyzing LPLA's broker-dealer business model and competitive differentiators.
LPL Financial announced that financial advisor Danielle Qualls has joined their broker-dealer, RIA, and custodial platforms, teaming up with Bergkamp Financial. Qualls, who has managed approximately $160 million in advisory, brokerage, and retirement plan assets, previously worked with Stifel, Nicolaus, and Co. She brings expertise in multigenerational financial strategies and aims to enhance services and collaboration with the Bergkamp team. Bergkamp Financial, led by Amy McKinley and Lori Zern, has been with LPL since 2021 and appreciates LPL's robust research capabilities and open architecture platform. The addition of Qualls is seen as a strategic move to grow and expand their service offerings. LPL Financial serves nearly 23,000 advisors, emphasizing independence and personalized client relationships.
LPL Financial Holdings Inc. (Nasdaq: LPLA) reported its monthly activity for May 2024. Total advisory and brokerage assets reached $1.46 trillion, a 3.6% increase from April 2024. Net new assets for May were $11.2 billion, reflecting a 9.5% annualized growth rate. Net new advisory assets were $9.9 billion, translating to an impressive 15.3% annualized growth rate. However, total client cash balances fell by $1.2 billion to $44.5 billion. Notably, net buying activity hit a record $15 billion for the month. The report also highlighted significant market drivers, including a 4.8% rise in the S&P 500 Index and a 4.9% rise in the Russell 2000 Index.
LPL Financial announced that financial advisor W. Scott Hengerer, CMFC™, CRPC, has joined their platforms to launch James River Private Wealth. Hengerer, previously with Ameriprise, manages approximately $160 million in assets and brings 26 years of wealth management experience. His team includes Martha Kerr, Devin Burton, and Breann Dooley. James River Private Wealth, named after Virginia's James River, emphasizes bespoke, client-focused financial advice. Hengerer praises LPL's commitment to independence and its advanced technology and resources. LPL's EVP, Scott Posner, welcomes the new firm, emphasizing LPL’s support in helping their business thrive.
LPL Financial announced that financial advisor Tom Russell and his sons, Brian and Charles, have joined LPL’s Linsco division to launch Russell Wealth Partners. The team, previously with Merrill Lynch, manages approximately $250 million in assets. They chose LPL for its advanced technology, autonomy, and support, allowing them to focus on personalized client services. LPL’s Executive VP Scott Posner highlighted the firm’s commitment to supporting advisors with comprehensive business solutions and innovative technology.
LPL Financial announced that advisors Stephen Shevlin and Jonathan Joelner have joined its platforms to establish 1818 Wealth Management.
The team, managing approximately $300 million in assets, moves from Stifel, Nicolaus and Co.
Based in Swansea, Ill., the advisors have nearly 50 years of experience and emphasize a client-first approach.
1818 Wealth Management aims to leverage LPL's resources, including marketing and retirement tools, to enhance their practice.
LPL Executive VP Scott Posner highlighted the robust resources and integrated technology available to support the new practice.
LPL Financial has announced that financial advisors Tim Woodall and Dustin Raring have launched Highway One Capital, an independent practice supported by LPL Strategic Wealth Services. The team, which manages approximately $500 million in assets, joins from First Republic and is based in Newport Beach, California.
Woodall and Raring, who have over 55 years of combined industry experience, focus on personalized wealth management for business owners and high-net-worth families. They chose LPL for its entrepreneurial culture and comprehensive support, including integrated technology and strategic business resources.
The new affiliation allows Highway One Capital to leverage LPL's sophisticated wealth management platform and dedicated support teams, enabling them to better serve their clients. LPL's Executive VP, Scott Posner, expressed commitment to supporting the new practice with advanced resources and strategic solutions.
LPL Financial (Nasdaq: LPLA) has announced that financial advisor David Hilbig, CFP®, has joined its broker-dealer, RIA, and custodial platforms. Hilbig, previously with Corebridge Financial, manages approximately $275 million in advisory, brokerage, and retirement assets. With over 20 years of experience, he will now operate under the new name Lifetime Legacy Wealth Solutions. Hilbig emphasizes trust, integrity, and transparency in his client relationships and prioritizes acting as a fiduciary. LPL's resources and technology will help Hilbig enhance his services, focusing on financial education and comprehensive planning.
LPL Financial (Nasdaq: LPLA) announced that Cousino Wealth Advisors, led by Todd Cousino, Nicholas Hawk, and Charles Moyer, has joined their employee advisor channel, Linsco by LPL Financial. The team, which oversees approximately $265 million in assets, previously operated under Ameriprise and specializes in clients from the engineering and automotive sectors. The advisors seek to leverage LPL's advanced technology and integrated wealth management platform to enhance client experiences and office efficiencies. This move allows them to maintain their client relationships while benefiting from LPL’s robust business resources and support systems.
LPL Financial announced the onboarding of financial advisor Tre Panagos, who has transitioned from Edward Jones. Panagos, who manages approximately $265 million in advisory, brokerage, and retirement plan assets, aims to establish Generational Asset Planning. Based in Santa Fe, N.M., Panagos focuses on comprehensive investment strategies, working with various professionals to help clients build and transfer wealth across generations. LPL's culture of independence and advanced technology aligns well with Panagos' vision. LPL welcomes the Panagos family, committed to supporting their multigenerational practice.
LPL Financial announced on May 30, 2024, that advisors from Highland Partners Financial Services have joined its broker-dealer, RIA, and custodial platforms. Highland Partners, led by Managing Partner G. Mark Hamby, manage over $400 million in advisory, brokerage, and retirement plan assets. They transitioned from Momentum Independent Network, a Hilltop Holdings subsidiary. The team includes experienced advisors from Virginia, Pennsylvania, and New Jersey, focusing on investment strategies and holistic financial planning. Hamby emphasized the entrepreneurial and independent spirit fostered at Highland Partners, which aligns with LPL's cutting-edge technology and commitment to individual investors. Scott Posner, LPL's Executive Vice President, welcomed the team and reiterated LPL's dedication to supporting advisors' growth and success.
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