Lpl Financial Stock Price, News & Analysis

LPL Financial announced the addition of financial advisor Dustin Mac Brown, who has approximately $190 million in advisory and brokerage assets, to its platforms. Brown, previously with Cetera Advisors, is now based in Scottsdale, Arizona, and is known for his dedication to financial education. His firm, DM Brown Financial Services, focuses on personalized investment strategies. Brown expressed enthusiasm about LPL's integrated systems, which are expected to enhance client services. Executive VP Scott Posner welcomed Brown and highlighted LPL's commitment to supporting advisors with innovative resources.

LPL Financial has welcomed financial advisors James Sheehan and Shawn Tighe, who manage approximately $450 million in advisory and brokerage assets, to its platforms. Joining from Raymond James, they become the 30th team of LPL Strategic Wealth Services, aiming to enhance their service offerings. Sheehan, a veteran with over 25 years in finance and a U.S. Marine Corps Major, and Tighe, an experienced advisor, focus on corporate executives and energy industry clients, primarily from ExxonMobil. They chose LPL for its integrated technology and support for growing their business, emphasizing independence and client service.

Scott Posner, LPL Executive VP, expressed enthusiasm for the new partnership, underscoring LPL's commitment to advisor support.

CUNA Mutual Group has entered into an agreement with BCU and BCU Wealth Advisors to enhance wealth management services through a partnership with LPL Financial (Nasdaq: LPLA). This collaboration aims to provide BCU's members with greater access to personalized wealth management guidance, reinforcing BCU's innovative standing in the credit union sector. CUNA Mutual Group, known for supporting credit unions, will leverage its expertise alongside LPL's advanced technology and digital tools. The alliance is expected to empower BCU to improve member experiences and foster stronger relationships with financial advisors, ultimately helping members achieve their financial goals.

LPL Financial has been selected as the primary custodian and exclusive broker-dealer for CG Advisor Network (CGAN), which manages approximately $3.1 billion in advisory and brokerage assets. Founded in 1998, CGAN offers a platform that enables advisors to operate independently and efficiently. With 74 advisors nationwide, CGAN aims to enhance service experiences and grow by partnering with LPL, which is committed to supporting large Registered Investment Advisors (RIAs). The collaboration focuses on eliminating back-office burdens and providing advisors with the necessary infrastructure to thrive. CGAN recognizes LPL's advisor-centric culture and strategic commitment.

LPL Financial has welcomed One2One Wealth Strategies to its broker-dealer, RIA, and custodial platforms, partnering with Mariner Advisor Network. One2One manages approximately $400 million in assets and transitioned from PlanMember Securities. Founded in 2016 in Scottsdale, Arizona, One2One aims to provide customized financial services to a wide range of clients. The partnership with LPL is expected to enhance service offerings, supported by advanced technology and resources from Mariner. The team anticipates leveraging this collaboration for future growth through mergers and acquisitions, addressing the needs of retiring advisors. LPL Financial remains committed to supporting advisors with effective wealth management tools.

LPL Financial LLC announced that C&N Wealth Management, a subsidiary of Citizens & Northern Corporation (Nasdaq: CZNC), has joined its Institution Services platform. C&N Wealth Management manages approximately $475 million in brokerage, advisory, and retirement plan assets and previously affiliated with Cetera Financial Group. Established in 1864, C&N operates 31 offices across Pennsylvania and New York.

Matthew Bower, executive vice president at C&N, highlighted LPL's market strength and technology support as pivotal for expanding their advisory services. J. Bradley Scovill, CEO of C&N, emphasized their commitment to community financial wellness. LPL's executive vice president, Ken Hullings, expressed pride in partnering with C&N to enhance their wealth management services.