Lpl Financial Stock Price, News & Analysis

LPL Financial announced that financial advisor Tara Blair, with over 25 years of experience, has joined their broker-dealer, RIA, and custodial platforms. Blair, formerly with Lincoln Financial, manages approximately $215 million in assets.

Based in Fort Worth, TX, Blair provides advanced estate, succession, investment, and philanthropic strategies through Sage Private Wealth Services. She emphasized the benefits of LPL’s integrated technology and centralized platform for her clients.

LPL’s Executive VP, Scott Posner, welcomed Blair, highlighting LPL's commitment to supporting advisors with end-to-end capabilities.

LPL Financial announced the addition of financial advisor Garrett Oczachowski, bringing $280 million in assets from JPMorgan Chase. Oczachowski specializes in retirement income planning, investment management, and estate planning, launching Noble Traditions Wealth at LPL. His move signifies a shift towards autonomy and client-centric practices, leveraging LPL's technology and flexibility.

LPL Financial welcomed advisor Chris Kitaeff, CPFA, MBA, who joined Maher Wealth Management, bringing $385 million in assets from Merrill Lynch. Kitaeff aims to provide clients with financial freedom and personalized service on an independent platform. Maher Wealth Management, supported by LPL Strategic Wealth Services, focuses on delivering premium client experiences with an open architecture approach to wealth planning.

LPL Financial has successfully completed the acquisition of Crown Capital Securities, a wealth management business, enhancing its advisor-first focus and expanding its specialized services. Approximately $1.3 billion of assets have been onboarded, with $3.7 billion more expected in the coming months.

LPL Financial announced the launch of Thimble Island Private Wealth by experienced advisors with $830 million in assets. The team joined LPL for better resources and support. They rebranded to focus on client relationships and value, choosing LPL's Strategic Wealth Services program for entrepreneurship with business support. LPL provides access to wealth management tools, simplifies pricing, offers technology resources, and ongoing operational support. The team is committed to personalized financial planning and serving clients through comprehensive services.

LPL Financial announced the launch of Burlwood Wealth by financial advisor Matt Sheffield, bringing $275 million in assets. Sheffield focuses on a comprehensive approach to investment management, leveraging LPL Strategic Wealth Services for operational and strategic support. The platform offers dedicated teams and resources for advisors to thrive independently.

LPL Financial welcomes financial advisors Mitchell and Wesley McCann to its platforms, launching Guardian Partners Wealth Management. With $240 million in assets, the father-son team focuses on retirement planning and a holistic wealth management approach. The move from Ameriprise to LPL signifies a desire for autonomy and elevated client experiences.

LPL Financial welcomed financial advisors Timothy J. Heisterkamp, CFP®, and Max Neese, CFP® who joined LPL from Cambridge, bringing approximately $200 million in assets. They offer a broad range of financial services and chose LPL for its technology and service capabilities. LPL is committed to supporting advisors like Tim and Max for long-term success.

LPL Financial reported a net income of $289 million with diluted EPS of $3.83, down 10% from the previous year. The company's adjusted EPS decreased by 6%, while gross profit increased by 5%. Total advisory and brokerage assets rose by 23% to $1.44 trillion, with advisory assets increasing by 28%. LPL made significant acquisitions, including Atria Wealth Solutions, Wintrust Financial , and Crown Capital Securities, aiming to enhance its wealth management business. The company declared a dividend of $0.30 per share and remains focused on serving its advisors and creating long-term shareholder value.