Lpl Financial Stock Price, News & Analysis

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.

LPL Financial (Nasdaq: LPLA) announced that FSI Wealth Management, led by Paul Neves and Darrin Santos, has joined its broker-dealer, RIA, and custodial platforms. FSI Wealth Management, previously affiliated with Securities America, manages approximately $215 million in assets. Neves and Santos, who have over 65 years of combined experience, sought greater independence and innovative technology, leading them to LPL Financial.

The move is intended to provide FSI with enhanced operational efficiencies and an improved online experience for clients. LPL Financial aims to support FSI's growth with extensive business resources and strategic partnership. LPL serves nearly 23,000 advisors and maintains a commitment to an advisor-mediated model, emphasizing advisor independence and flexibility.

LPL Financial has announced that advisors Roger Frank and Michael Ward of Frank Financial Concepts have joined its broker-dealer, RIA, and custodial platforms.

The advisors bring approximately $200 million in advisory, brokerage, and retirement plan assets, transitioning from Berthel Fisher & Co.

Frank Financial Concepts, with offices in Lincoln, NE and Scottsdale, AZ, aims for holistic financial services, emphasizing client education and comprehensive planning.

Frank and Ward chose LPL for its cutting-edge technology and extensive resources, which they believe will enhance their business and client offerings.

LPL Financial supports nearly 23,000 advisors nationwide and emphasizes advisor independence and freedom in business operations.

LPL Financial Holdings (Nasdaq: LPLA) announced its April 2024 activity report, revealing a 1.9% decline in total advisory and brokerage assets to $1.41 trillion, a drop of $27.9 billion from March 2024. Despite this, the company added $12 billion in net new assets, including $5 billion from the acquisition of Crown Capital. Organic net new assets grew by $7 billion, with advisory assets increasing by $7.4 billion. Client cash balances fell slightly by $0.6 billion to $45.7 billion, while net buying was $12.3 billion. Advisory assets decreased 2.2%, brokerage assets by 1.6%. The S&P 500 and Russell 2000 indices also saw declines of 4.1% and 7.1%, respectively.

Important metrics include:

• Total advisory and brokerage assets: $1.41 trillion
• Net new assets: $12 billion
• Organic net new assets: $7 billion
• Client cash balances: $45.7 billion

LPL Financial announced that Pilot Financial, a network of 105 advisors managing $4.6 billion in assets, has joined its broker-dealer, RIA, and custodial platforms. Pilot Financial moved from Lincoln Financial to enhance service efficiency and leverage LPL’s digital capabilities. Pilot Financial, led by Chris Roney, Greg Smith, Daryl E. King, and Bill Harnden, aims to expand its national footprint. LPL, hosting nearly 23,000 financial advisors, emphasizes personalized support and strategic resources to foster growth. LPL Executive VP Scott Posner highlighted the partnership's potential to deliver increased value to clients.

LPL Financial announced that financial advisors Alain Verhille and James S. Wood have joined its high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch Auctus Legacy Private Wealth Management. The advisors, formerly with Merrill Lynch, manage approximately $705 million in assets and bring over 50 years of combined experience. They will be joined by Certified Senior Advisors Erikka Moore and Kathy Isernhagen. The new team aims to provide comprehensive wealth management services for high-net-worth clients, focusing on wealth optimization and risk reduction. LPL's support structure, including advanced estate planning and complex life insurance strategies, played a significant role in their decision to join. The move underscores LPL's commitment to expanding its high-net-worth advisory capabilities.