LPL Financial Holdings Inc. operates a wealth management platform for financial advisors, broker-dealer representatives, registered investment advisers and financial institutions. News about LPLA centers on advisor and team affiliations, broker-dealer and RIA platform growth, custody and advisory asset trends, and affiliation models such as Linsco and LPL Independent Advisor Network.
Company updates also cover quarterly financial results, organic and recruited asset flows, client cash balances, capital and liquidity measures, dividends, technology and practice-management services, investment solutions, and advisor support programs such as its military deployment practice continuation framework.
LPL Financial (NASDAQ: LPLA) has successfully completed the initial phase of onboarding First Horizon Advisors to its institution services platform. The transition involves approximately 125 advisors managing $18B in assets, with $12B in brokerage and advisory assets already transferred to LPL's platform in August 2025.
First Horizon Bank, a subsidiary of First Horizon Corporation (NYSE: FHN) with $82.1B in assets, will leverage LPL's integrated platform to enhance its wealth management services. The remaining direct custodied assets are scheduled to transition over the coming months. This strategic partnership aims to expand capabilities and drive growth for First Horizon Advisors while providing enhanced service to their clients.
LPL Financial (NASDAQ:LPLA) has announced that Skyward Financial, a Houston-based advisory team managing approximately $700 million in assets, has joined LPL's broker-dealer and RIA platform from Wedbush Securities.
The team, led by Matthew Houston, Lynn Houston, and Ross Stripling, consists of six advisors with over 200 years of combined experience. Skyward Financial primarily serves business owners and retirees, with a specialized focus on Major League Baseball players and plans to expand into serving college athletes.
The transition to LPL was primarily driven by the firm's need for enhanced technology capabilities and service experiences. LPL Financial currently supports over 29,000 financial advisors and approximately 1,100 financial institutions, with approximately $1.9 trillion in brokerage and advisory assets under management.
LPL Financial (NASDAQ:LPLA) has released its July 2025 monthly activity report, showcasing significant growth in assets and client engagement. Total advisory and brokerage assets reached $1.94 trillion, representing a 1.1% increase ($20.2 billion) from June 2025. The company reported $5.4 billion in total organic net new assets, achieving a 3.4% annualized growth rate, despite a $1.8 billion off-boarding from misaligned large OSJs.
Key metrics include $7.5 billion in net new advisory assets, $13.7 billion in net buying activity, and total client cash balances of $49.5 billion. The company's year-over-year performance shows remarkable growth, with advisory assets up 26.6% and brokerage assets increasing 27.1% compared to July 2024.
LPL Financial (NASDAQ:LPLA) announced that advisors Jenna Vitosh and Natalia Paige have launched Chloey Wealth, bringing approximately $140 million in assets to LPL's platform. The women-led team, based in Lincoln, Nebraska, joins from Edward Jones and New York Life respectively, with a combined 20 years of experience.
The team specializes in serving young families and pre-retirees, taking a holistic approach to financial planning with a focus on psychological aspects of money management. They chose LPL for its autonomy, branding flexibility, and robust resources, joining a platform that services approximately $1.9 trillion in assets and supports over 29,000 financial advisors.
LPL Financial (NASDAQ:LPLA) has announced that Zarra Wealth Management has joined its broker-dealer and RIA platform, transitioning from Ameriprise. The Long Island-based team, managing approximately $270 million in assets, consists of three CFP® professionals with 48 years of combined experience.
The team, led by Christopher Zarra, chose LPL for its greater autonomy, absence of proprietary products, and enhanced technological capabilities. LPL Financial currently supports over 29,000 financial advisors and approximately 1,100 financial institutions, with $1.9 trillion in brokerage and advisory assets under management serving approximately 7 million Americans.
LPL Financial (NASDAQ:LPLA), one of the fastest-growing U.S. wealth management firms, concluded its Focus 2025 conference with the launch of a new brand platform centered on the question "What if you could?" The event featured presentations from key executives and a surprise appearance by actress Anna Kendrick, who stars in the company's new brand campaign.
The conference highlighted significant operational enhancements in trade processing, asset handling, and proposal tools. LPL currently supports over 29,000 financial advisors and approximately 1,100 financial institutions, managing about $1.9 trillion in brokerage and advisory assets for approximately 7 million Americans.
LPL Financial (NASDAQ:LPLA) hosted its annual Focus 2025 conference in San Diego, drawing over 10,000 attendees including 6,000 financial advisors. CEO Rich Steinmeier and the executive team unveiled significant technological and wealth management innovations.
Key announcements include a $50 million investment in an AI-powered compensation platform, expanded AI advisor solutions saving 72,000 platform hours, and enhanced wealth management offerings. The firm introduced Alts Connect platform, planned launch of in-house securities-backed lending for 2026, and expanded SMA offerings managing $85B in assets.
LPL Financial currently supports over 29,000 financial advisors and approximately 1,100 financial institutions, with $1.9 trillion in brokerage and advisory assets under management serving approximately 7 million Americans.
LPL Financial (NASDAQ:LPLA), a leading wealth management firm, launched Focus 2025, its largest annual conference to date, welcoming over 10,000 financial professionals at the San Diego Convention Center. The three-day event features 220 breakout sessions and an expo hall with 130+ partners.
The conference theme "What If You Could?" aims to help advisors reimagine their practice potential. Notably, the event includes advisors from Commonwealth Financial Network, LPL's new subsidiary. LPL currently supports 29,000 financial advisors and approximately 1,100 financial institutions, managing about $1.9 trillion in brokerage and advisory assets for approximately 7 million Americans.
LPL Financial (NASDAQ:LPLA) announced that Coastal Wealth Management Group has joined Financial Resources Group Investment Services, transitioning from Osaic with approximately $175 million in assets. The Ocean Springs, Mississippi-based team includes Lloyd Baxter, George Cumbest, Darryl Meadows, and Timothy Taranto.
The team chose LPL for its enhanced technology platform, robust resources, and strong acquisition footprint. Coastal Wealth Management Group specializes in serving business owners, pre-retirees, and retirees, with plans to expand into the music industry and college athlete markets. LPL Financial currently supports over 29,000 financial advisors and approximately 1,100 financial institutions, managing about $1.9 trillion in assets for approximately 7 million Americans.
LPL Financial (NASDAQ:LPLA), one of the fastest-growing U.S. wealth management firms, has appointed Emily Field as Group Managing Director and Chief People Officer. Field, a former McKinsey & Company partner, joins LPL's Management Committee to lead the Human Resources function for over 9,000 employees.
Field brings extensive experience in organizational performance and workforce transformation from her roles at McKinsey and Accenture. At LPL, she will oversee Talent Management, Total Rewards, Learning, Culture and Engagement, and HR Business Partners departments. The firm currently supports over 29,000 financial advisors and approximately 1,100 financial institutions, managing about $1.9 trillion in brokerage and advisory assets.