Lpl Financial Stock Price, News & Analysis

LPL Financial announced a strategic agreement with Commerce Bank to transition the support of Commerce Financial Advisors to its Institution Services platform. This division, comprised of nearly 30 advisors, oversees approximately $4.4 billion in brokerage and advisory assets as of November 15, 2022. The collaboration aims to enhance service experience and technological capabilities for advisors, ultimately benefiting clients seeking personalized financial advice.

LPL Financial has welcomed Plummer Wealth Strategists to its platforms, with approximately $195 million in managed assets. Founded over 30 years ago, the firm transitions leadership from Laurence Plummer, Sr. to Laurence "LV" Plummer Jr., who aims to enhance client outreach through innovative services and technology. LV emphasized a comprehensive financial planning approach, aligning with LPL's commitment to tailor client strategies. LPL's support includes advanced tools and training that will aid Plummer Wealth Strategists in their business transformation.

Holistiplan announced a partnership with LPL Financial on November 17, 2022, enabling LPL's nearly 21,000 financial advisors to access Holistiplan's tax planning software at a discounted rate. This integration aims to enhance advisors' tax-related services, offering extensive training and best practices. Since its launch in July 2019, Holistiplan has experienced rapid growth, with over 13,000 users, and has been recognized as the top tax planning software for advisors in recent surveys. This move reflects LPL's commitment to providing comprehensive wealth management tools.

LPL Financial LLC, a subsidiary of LPL Financial Holdings (Nasdaq: LPLA), reported a significant increase in total advisory and brokerage assets, reaching $1.09 trillion by the end of October 2022, up $48.2 billion (4.6%) from September. The company registered net new assets of $4.0 billion, reflecting a 4.6% annualized growth rate. However, client cash balances decreased by $1.6 billion to $65.2 billion, despite a robust net buying activity of $7.7 billion. The report highlights an ongoing strategic focus on asset growth and client engagement.

LPL Financial announced that financial advisor Tim Truebenbach has joined its employee advisor channel, Linsco by LPL Financial. Truebenbach, with over 25 years of experience and approximately $350 million in advisory assets, previously worked at Morgan Stanley. He aims to enhance client services through personalized financial planning and asset allocation. The Linsco model supports advisors with independence while providing access to advanced technology and resources, allowing them to focus on client needs. LPL's commitment to advisor-centric solutions aligns with Truebenbach's goals for his new venture.

LPL Financial Holdings Inc. (Nasdaq: LPLA) will conduct an Investor and Analyst Day on November 16, from 9:00 a.m. to 12:30 p.m. ET in New York City. The event, which focuses on engaging stakeholders, will also feature a presentation accessible on the Company's Investor Relations website at 8:00 a.m. ET on the same day. A live webcast will start at 8:30 a.m., with a replay available until December 7. In-person attendance requires prior registration, and further details can be obtained via email.

LPL Financial announced that Cadence Bank plans to onboard the investment business of legacy BancorpSouth Bank to LPL’s platform in Q4 2022. This merger, which closed in October 2021, involves over 25 financial advisors managing approximately $2.5 billion in brokerage and advisory assets as of September 30, 2022. Cadence Bank's president emphasized the decision to leverage LPL’s integrated platform to enhance their retail advisory services. LPL Financial's commitment to offering technology and resources aims to support its institutional partners in growing profitability.

LPL Financial has announced that Artiea Capital Management, which manages approximately $630 million in advisory and retirement assets, has joined its platform from Wells Fargo. The Artiea team, led by experienced financial advisors, emphasizes personalized financial planning and a comprehensive approach to investment management. They chose LPL for its enhanced tools and resources, allowing for a customized client experience. This partnership aligns with LPL's commitment to supporting independent advisors and fostering innovation within its network of over 21,000 advisors.

LPL Financial (Nasdaq: LPLA) has announced that Legacy Financial Advisors, formerly known as the Clements Group, is joining its broker-dealer, RIA, and custodial platforms under the JFC Advisor Network. With approximately $120 million in assets under management, the Legacy team aims to enhance client services through LPL’s technology and support. Bill Clements emphasizes their commitment to personalized financial planning, while JFC Advisor Network’s leadership welcomes the partnership, highlighting its potential for growth and success.