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.
Zinnia, a leading life & annuity insurance technology services company, has announced a strategic relationship with LPL Financial, the largest broker-dealer in the U.S. This partnership will provide LPL's network of over 23,000 financial advisors with a simplified way to manage life insurance for their clients through the Policygenius Pro by Zinnia platform.
The turnkey insurance platform offers access to a wide variety of insurers, coverage types, and policy options, helping to accelerate life insurance sales and streamline the application process. LPL advisors will benefit from unique quoting tools, built-in referral processes, and support from expert licensed insurance agents, significantly reducing time spent on applications and placement times.
This collaboration aims to simplify insurance fulfillment for advisors, aligning with Zinnia's vision to transform how advisors handle life insurance for their clients, while supporting LPL's goal of helping financial professionals build competitive businesses and serve their clients' best interests.
LPL Financial has announced that financial advisors Ken Hutkin and Ron Winkler have joined their employee advisor channel, Linsco by LPL Financial, to launch 57th Street Wealth Advisors. The team, previously with Wedbush Securities, reported serving approximately $400 million in advisory, brokerage and retirement plan assets. They will operate the first Linsco office in New York City.
Hutkin and Winkler bring over 30 and 40 years of experience respectively, specializing in serving professionals, business owners, and entrepreneurs. Their team includes licensed Client Services Associate Margarita Santiago and wealth associates Nathan Wild and Noah Hutkin.
The move to Linsco allows 57th Street Wealth Advisors greater autonomy while leveraging LPL's integrated wealth management platform and business resources. LPL Financial serves over 23,000 financial advisors and is committed to supporting advisor independence and personalized client guidance.
LPL Financial released its monthly activity report for August 2024. Total advisory and brokerage assets reached $1.56 trillion, a 2.0% increase from July. Total net new assets were $6.8 billion, including $0.3 billion from acquisitions. Organic net new assets were $6.6 billion, a 5.2% annualized growth rate. Excluding $3.8 billion in off-boarded assets, organic growth was 8.1%. Total client cash balances decreased to $43.3 billion. Net buying in August was $12.6 billion. The S&P 500 Index ended at 5,648, up 2.3% from July, while the Russell 2000 Index decreased 1.6% to 2,218.
LPL Financial has announced that Bury Financial Group has joined its broker-dealer, RIA, and custodial platforms. The Youngstown, Ohio-based practice, founded by Todd Bury in 1992, reported serving approximately $655 million in advisory, brokerage, and retirement plan assets. The team, which includes partners Brian Laraway, David Maxwell, Gregory Gett, and Kelcie Schiraldi, along with advisors Nicholas Romeo and Sarah Bury, has transitioned from Osaic to LPL Financial.
Bury Financial Group chose LPL for its commitment to independence, open architecture platform, and innovative capabilities. This move is expected to strengthen their team and brand, enabling them to provide enhanced services to their clients. LPL Financial (Nasdaq: LPLA) serves over 23,000 financial advisors and is known for its advisor-mediated model and commitment to personalized financial guidance.
LPL Financial (Nasdaq: LPLA) has expanded its national presence by opening a new 43,000-square-foot office in Tempe's Marina Heights complex. The office will accommodate 300 employees by the end of 2024, with plans to add 700 more jobs over the next two years. This expansion is part of LPL's strategy to invest in regions known for cultivating top talent in the financial services sector.
As a Fortune 500 company, LPL Financial serves over 23,000 financial advisors and supports more than 4.5 million people with their financial advisory needs. The Tempe office will focus on client service and operations, joining LPL's primary locations in San Diego and Fort Mill, S.C. This move strengthens LPL's position as a leader in wealth management and demonstrates its commitment to growth and innovation in the industry.
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.