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 advisor Jason Wyatt has joined their platform from Wells Fargo Advisors to launch Wyatt Wealth Management. Wyatt brings approximately $180 million in advisory, brokerage and retirement plan assets to LPL's broker-dealer, RIA and custodial platforms.
Based in Bryan, Texas, Wyatt has over 30 years of financial industry experience and specializes in serving clients near or in retirement. The move to LPL Financial was driven by his desire for greater independence, flexibility, and access to non-proprietary investment products. As part of the transition, Wyatt plans to expand staff and office space to enhance client service capabilities.
LPL Financial (NASDAQ:LPLA) announced that financial advisors Mike Trudeau, Matt Merrick, Ben Ollila, and Ben Prchal have joined LPL Financial's broker-dealer and RIA platforms, partnering with Strategic Wealth Group. The team, which previously served at Thrivent Investment Management, manages approximately $220 million in advisory, brokerage and retirement plan assets.
Based near Minneapolis, the team specializes in retirement planning and brings three decades of combined industry experience. The move to LPL and Strategic Wealth Group enables them to operate independently, free from corporate mandates and proprietary investments, while gaining access to LPL's technology and integrated capabilities, including Strategic Tax Group's in-house tax professionals.
LPL Financial (NASDAQ:LPLA) has released its May 2025 activity report, showing strong growth in assets and client engagement. Total advisory and brokerage assets reached $1.85 trillion, marking a 3.7% increase from April 2025. The company reported $6.5 billion in total organic net new assets, representing a 4.4% annualized growth rate.
Notable metrics include $13.5 billion in net buying activity and total client cash balances of $49.2 billion. Advisory assets grew to $1.02 trillion (up 4.4% M/M), while brokerage assets reached $832.9 billion (up 2.9% M/M). The company experienced some planned separation from misaligned large OSJs, impacting $1.0 billion in assets.
LPL Financial (Nasdaq: LPLA) announced that President and CFO Matt Audette will present at the William Blair Growth Stock Conference on June 4 at 11 a.m. ET. The presentation will be available via live audio webcast at investor.lpl.com, with a replay option available afterward.
LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,200 financial institutions. The company services and maintains custody of approximately $1.8 trillion in brokerage and advisory assets for about 7 million Americans. LPL provides various advisor affiliation models, investment solutions, fintech tools, and practice management services.
LPL Financial (NASDAQ: LPLA) has announced that financial advisor Mai Park has joined their employee advisor channel, Linsco by LPL Financial, partnering with Pence Wealth Management to launch Mai Park Capital. Park, who transitions from Merrill Lynch, brings approximately $330 million in advisory, brokerage and retirement plan assets under management.
Based in Newport Beach, California, Park has over 20 years of industry experience, specializing in estate planning, investment management, retirement planning, tax planning, and wealth management. The move to LPL's Linsco model provides Park with independence in client relationship management while accessing LPL's integrated wealth management platform and business resources.
LPL Financial currently supports over 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets for approximately 7 million Americans.
LPL Financial (LPLA) has announced that financial advisor Colin Beamish, CFP®, has joined their employee advisor channel, Linsco by LPL Financial, to launch Beamish Wealth Management. Beamish, who previously served at City National Securities (RBC subsidiary), brings approximately $445 million in advisory, brokerage and retirement plan assets to LPL.
With over 19 years of industry experience, Beamish chose LPL's Linsco model for its enhanced technology, greater autonomy, and integrated wealth management platform. The Linsco model provides advisors with independence while offering support through branch management, marketing consultants, and business resources.
LPL Financial currently supports over 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.8 trillion in brokerage and advisory assets for approximately 7 million Americans.