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) is a wealth management and investment advice company that operates in the financial advisor–mediated marketplace. Through LPL Financial LLC and related entities, the firm supports tens of thousands of financial advisors and the wealth management programs of numerous financial institutions, servicing and custodying brokerage and advisory assets for millions of Americans.
This news page highlights LPLA-related developments, reflecting how the company grows and manages its platform. Readers can find coverage of advisor teams and firms choosing to join LPL’s broker-dealer and Registered Investment Advisor platform or its employee advisor channel, including practices such as Oak Bridge Financial, Rand, Williams & Associates and Forest Lake Wealth Partners. These stories illustrate why advisors transition to LPL, often citing autonomy, technology capabilities, operational flexibility and support.
News items also include leadership and governance updates, such as appointments of senior executives in areas like supervision, service, legal and corporate strategy, as well as the election of independent directors to the board. In addition, LPL issues releases on its earnings release schedule, monthly activity metrics and research publications like the firm’s 2026 Outlook, which provides a data-driven view of the economic and market environment.
Investors, advisors and other interested readers can use this page to follow recurring themes in LPL’s news flow, including advisor recruitment, corporate strategy, board composition, regulatory and legal leadership, and platform growth indicators. By reviewing these updates over time, users gain insight into how LPL manages its wealth management platform and supports the advisors and institutions that rely on its services.
LPL Financial (Nasdaq: LPLA) has announced that financial advisors Kultar S. 'Sid' Bindra, CFP®, and Steven Alvarez have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch The Bindra Group. The team, previously with Truist Financial, reported serving approximately $300 million in advisory, brokerage and retirement plan assets.
Based in Tampa, Florida, The Bindra Group caters to high-net-worth and ultra-high-net-worth business owners and government contractors. They chose Linsco for its blend of independence and support, including access to LPL's integrated wealth management platform and business resources. The move allows them to own their client relationships and operate their practice with more flexibility.
LPL Financial (Nasdaq: LPLA) has announced that Apex Private Wealth Advisors, a team of five financial advisors, has joined LPL's broker-dealer, RIA, and custodial platforms. The team, which includes Brett Howard, Marco Rivera, Brooks Crissey, Henry DesJardins, and Ryan Mason, previously served approximately $650 million in assets at Ameriprise Financial.
Founded in 2017, Apex specializes in comprehensive financial planning and investment management services for high-net-worth individuals, families, and businesses. The team's transition to LPL was motivated by a desire for advanced technology, operational efficiencies, and expanded resources to enhance client service. LPL's integrated capabilities are expected to streamline operations and improve the client experience.
LPL Financial (Nasdaq: LPLA) announced that John Duane and Gregory Giantsos have joined LPL Private Wealth Management to launch BrookBridge Private Wealth in Long Island, New York. The team, previously with Bank of America Private Bank, reported serving approximately $700 million in assets. Duane and Giantsos, with 30 and 12 years of industry experience respectively, offer high-end wealth management services to various client segments.
The move to LPL allows them to expand their services and gain more control over their practice. LPL Private Wealth Management provides a blend of independence and support, offering enhanced services, expanded capabilities, and access to an exclusive high-net-worth advisor community. This affiliation model features higher payouts, client ownership, and business autonomy while providing advanced resources for high-net-worth clients.
LPL Financial has announced that Northern Plains Financial has joined its broker-dealer, RIA, and custodial platforms. The firm, based in Grand Forks, N.D., reported serving approximately $225 million in advisory, brokerage, and retirement plan assets. Founded in 2014 by Michael Elsberry, CFP®, CRPC®, the team includes Eric Carlson and support staff. They offer financial planning and investment management services, with a niche in serving farmers, ranchers, and outdoor enthusiasts.
Northern Plains Financial chose LPL for its extensive resources, custom solutions, and differentiated service experiences. They anticipate benefits from LPL's self-clearing platform, consolidated client statements, and user-friendly online tools. The move is expected to enhance their ability to provide high-level service and manage investments efficiently.
AWAIM® has announced that its ACGM Total Portfolio Solutions Suite™, comprising four total portfolio strategies ranging from Low Growth to Aggressive Growth, is now accessible to LPL Financial's Hybrid RIA and Independent RIA Networks. Financial advisors within these networks can access these strategies through LPL Financial's Manager Access Network (MAN), a platform for separately managed accounts.
This move represents a significant step for AWAIM®, as it's uncommon for a Hybrid RIA to make its proprietary portfolio strategies available to other RIAs and Financial Advisors. The company views this as an opportunity to share its intellectual capital with industry colleagues, aligning with its core values established since 2005.
LPL Financial (NASDAQ: LPLA) has announced a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, N.J. The Investment Center supports approximately 240 advisors managing about $9 billion in brokerage and advisory assets. This acquisition aligns with LPL's growth strategy and commitment to serving independent financial advisors.
The deal is expected to close in the first half of 2025, subject to regulatory approval and other conditions. This acquisition follows LPL's earlier announcement of its planned acquisition of Atria Wealth Solutions, Inc. The Investment Center's emphasis on independence and advisor support aligns well with LPL's advisor-first philosophy, potentially enhancing resources and solutions available to The Investment Center's advisors.
LPL Financial (Nasdaq: LPLA) has appointed Tom Gannon as executive vice president and chief advocacy officer. With over 25 years of experience in government relations, Gannon will lead LPL's government relations efforts at federal, state, and local levels. He will oversee the firm's political action committee (PAC) and the LPL 50 State Advocacy Network.
Gannon will report to Althea Brown, chief legal officer, and work closely with policymakers, regulators, and industry groups. His role aims to support LPL's mission of empowering advisors to deliver high-quality, personalized advice. Previously, Gannon served as chief government relations officer at H&R Block and led government relations at Mastercard.
LPL Financial, serving over 23,000 financial advisors, emphasizes independence and flexibility for advisors and institutions. The company's Government Relations program, established in 2010, advocates for policies ensuring access to personalized financial advice.
LPL Financial (Nasdaq: LPLA) has announced that financial advisor Kelly Compton has joined their broker-dealer, RIA, and custodial platforms. Compton, who previously managed approximately $150 million in advisory and retirement plan assets, has aligned with Client Centric Wealth Management, part of Upstream Investment Partners.
Compton, based in San Antonio, transitioned from his own RIA, WCM Wealth Management, which custodied with Schwab Advisor Services. He specializes in serving business professionals and executives, offering risk-based model portfolios. The move to LPL Financial is aimed at scaling his practice while maintaining high-quality client service.
LPL Financial, founded on the principle of working for advisors and institutions, serves over 23,000 financial advisors across approximately 1,000 institutions and 580 registered investment advisor firms nationwide.
LPL Financial (Nasdaq: LPLA) released its monthly activity report for July 2024, showing strong growth in assets and net new assets. Total advisory and brokerage assets reached $1.53 trillion, a 2.1% increase from June. Total net new assets were $9.0 billion, representing a 7.2% annualized growth rate. Excluding off-boarded assets, the growth rate was 7.7%. Net new advisory assets were $6.8 billion, with a 9.8% annualized growth rate. Client cash balances remained stable at $44.0 billion. The report also highlighted $12.9 billion in net buying activity for July.
LPL Financial (Nasdaq: LPLA) announced that over 30 financial advisors from Academy Financial and PFG Advisors have joined LPL's platforms, bringing approximately $4 billion in assets. The advisors, previously with Lincoln Financial, will merge under the Academy brand. Academy Financial, founded in 1992 by Harry Horn, and PFG Advisors, led by Tyler McCraw and Steve Morris, specialize in wealth creation, preservation, and comprehensive financial planning.
The move to LPL was motivated by enhanced operational capabilities, advanced tools, and LPL's robust infrastructure. Brent J. Kvech of Academy Financial emphasized that the transition was made to benefit clients, aligning with their mission to 'serve first, serve last and serve always.' LPL Executive VP Scott Posner welcomed the firms, highlighting LPL's commitment to empowering advisors with innovative technology and resources.