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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) announced that financial advisors John P. Schlatter, Robert Rojano, Alec Hoag, and Michael Madden have joined LPL's platforms from Osaic, bringing approximately $1 billion in assets. Based in Manhattan Beach, California, their firm, Salient Wealth Planning Group, specializes in serving high-net-worth clients with customized investment strategies and wealth preservation services.
The team chose LPL for its advanced capabilities and customer service, particularly noting LPL's significant $500 million technology investment planned for 2024. As a Fortune 500 company, LPL currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets for 6 million Americans.
Anthony Calomeni, a financial advisor at Heffernan Financial Services in Walnut Creek, has been recognized with inclusion in LPL Financial's Masters Club Program for 2025. This achievement acknowledges his excellence in financial guidance, particularly serving clients in the Bay Area with comprehensive wealth management services.
Calomeni provides services including investment management, retirement planning, tax planning, charitable giving, and estate planning. With a 10-year affiliation with LPL Financial, he has demonstrated significant success in transforming clients' financial aspirations into concrete results.
Julian Lopez, LPL's Executive Vice President of Independent Advisor Services Client Success, praised Calomeni's outstanding achievements in 2024 and his success in elevating his business across the Bay Area. Through LPL's platform, Calomeni leverages the firm's services, support, and tools while focusing on building relationships and delivering personalized financial advice.
LPL Financial (LPLA) announced the successful transition of Wintrust Financial 's wealth management business to LPL's Institution Services platform. The integration involves approximately 90 advisors managing about $16 billion in assets. On January 25, $15 billion of brokerage and advisory assets were onboarded to LPL, with the remaining $1 billion expected to transfer over the next several months.
The strategic relationship, initially agreed upon in February 2024, aims to enhance Wintrust's wealth management services by leveraging LPL's platform capabilities, technology, and centralized support. This integration is designed to provide a more streamlined experience for clients and an improved integrated experience for advisors.
LPL Financial (Nasdaq:LPLA) announced that father and son financial advisors William 'Bill' Bruen, Jr., and Andrew Bruen have joined LPL Financial's broker-dealer, bringing approximately $1.3 billion in advisory, brokerage and retirement plan assets from UBS. The Bruens will align with existing firm Paradigm Partners and launch their new independent practice, Bruen Wealth Management.
The move represents a significant continuation of the Bruen family's wealth management legacy in Morristown, N.J., which dates back to 1922. The family has served multiple generations of clients, with the practice originally established by James Bruen, followed by William Bruen, Sr., who retired in 2020 after 70 years of service.
LPL Financial currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets on behalf of 6 million Americans.
LPL Financial (NASDAQ: LPLA) announced that financial advisor Christopher Ketchen has joined their employee advisor channel, Linsco by LPL Financial, to launch Katama Wealth Partners. Ketchen, who previously served at UBS, brings approximately $315 million in advisory, brokerage and retirement plan assets to LPL.
Based in Boston, Ketchen specializes in comprehensive wealth management and corporate retirement plans. He is joined by Senior Client Associate Courtney Poole. The move to Linsco provides Ketchen with greater autonomy, access to LPL's integrated wealth management platform, and robust business resources, while maintaining support from an experienced branch management team and dedicated marketing consultant.
LPL Financial currently supports over 28,000 financial advisors and 1,200 financial institutions, managing approximately $1.8 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial (NASDAQ: LPLA) has announced that financial advisors Brian J. McGill, II, CFP®, and Michael R. Hyser, CFP®, have joined LPL's broker-dealer, RIA and custodial platforms from Kestra. Based in Alpharetta, Ga., their firm Johns Creek Financial serves approximately $385 million in advisory, brokerage and retirement plan assets.
Founded in 2002, Johns Creek Financial specializes in investment services, tax strategies, retirement and estate planning for high-net-worth families, corporate executives and business owners. The advisors chose LPL for its comprehensive services, advanced technology solutions, investment management platform, and robust resource capabilities for high-net-worth services.
LPL Financial currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial has unveiled an enhanced portfolio of Marketing Solutions, featuring a new Digital Marketing Platform designed to help financial advisors grow their businesses and improve client engagement. The platform offers multi-channel marketing capabilities, automation tools, and compliance workflows, integrated seamlessly into LPL's ecosystem.
The solution includes an extensive library of financial content, AI-powered recommendations, and real-time reporting features. According to LPL, advisors using their Marketing Solutions grew assets 39% faster than peers over a 6-month period. The platform is fully customizable, allowing advisors to choose their preferred level of support, from self-service digital tools to full-service marketing assistance.
LPL Financial, which supports over 28,000 financial advisors and approximately 1,200 financial institutions, currently services about $1.8 trillion in brokerage and advisory assets for approximately 6 million Americans.
LPL Financial announced that financial advisors Larry Forlenza and Carl Hanks have joined LPL's broker-dealer, RIA and custodial platforms from Raymond James Financial Services, bringing approximately $430 million in advisory, brokerage and retirement plan assets. Based in Morristown, N.J., they have reunited with Morristown Wealth Management team.
Forlenza, with nearly 30 years in financial services, specializes in retirement income planning, employer-sponsored retirement plans, and tax planning. Hanks, in the industry since 1991, focuses on serving corporate executives, business owners, and affluent families. Both advisors chose LPL after extensive due diligence, citing the firm's open-architecture digital platform and robust support system as key factors.
LPL Financial currently supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial announced that financial advisor Marcus S. Alexander has joined their employee advisor channel, Linsco by LPL Financial, to launch Alexander Wealth Solutions. Alexander, who previously served at Merrill Lynch, brings approximately $340 million in advisory, brokerage and retirement plan assets and will operate from LPL's newest Linsco office in Newport Beach, California.
The move provides Alexander with greater autonomy while maintaining access to LPL's integrated wealth management platform and business resources. Through Linsco, advisors receive support from branch management teams and dedicated consultants, allowing them to focus on client service while outsourcing operations, technology, and administrative tasks.
LPL Financial Holdings Inc. (LPLA) currently supports over 28,000 financial advisors and 1,200 financial institutions, managing approximately $1.8 trillion in brokerage and advisory assets for 6 million Americans.
LPL Financial Holdings (Nasdaq: LPLA) has announced it will release its fourth quarter and full year 2024 financial results after market close on Thursday, January 30, followed by a conference call at 5 p.m. ET. The call will be accessible via investor.lpl.com/events.
As one of the fastest growing wealth management firms in the U.S., LPL Financial supports over 28,000 financial advisors and approximately 1,200 financial institutions. The company currently services and maintains custody of about $1.8 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. LPL provides various advisor affiliation models, investment solutions, fintech tools, and practice management services.