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 announced that financial advisor Tom Russell and his sons, Brian and Charles, have joined LPL’s Linsco division to launch Russell Wealth Partners. The team, previously with Merrill Lynch, manages approximately $250 million in assets. They chose LPL for its advanced technology, autonomy, and support, allowing them to focus on personalized client services. LPL’s Executive VP Scott Posner highlighted the firm’s commitment to supporting advisors with comprehensive business solutions and innovative technology.
LPL Financial announced that advisors Stephen Shevlin and Jonathan Joelner have joined its platforms to establish 1818 Wealth Management.
The team, managing approximately $300 million in assets, moves from Stifel, Nicolaus and Co.
Based in Swansea, Ill., the advisors have nearly 50 years of experience and emphasize a client-first approach.
1818 Wealth Management aims to leverage LPL's resources, including marketing and retirement tools, to enhance their practice.
LPL Executive VP Scott Posner highlighted the robust resources and integrated technology available to support the new practice.
LPL Financial has announced that financial advisors Tim Woodall and Dustin Raring have launched Highway One Capital, an independent practice supported by LPL Strategic Wealth Services. The team, which manages approximately $500 million in assets, joins from First Republic and is based in Newport Beach, California.
Woodall and Raring, who have over 55 years of combined industry experience, focus on personalized wealth management for business owners and high-net-worth families. They chose LPL for its entrepreneurial culture and comprehensive support, including integrated technology and strategic business resources.
The new affiliation allows Highway One Capital to leverage LPL's sophisticated wealth management platform and dedicated support teams, enabling them to better serve their clients. LPL's Executive VP, Scott Posner, expressed commitment to supporting the new practice with advanced resources and strategic solutions.
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