Lpl Financial Stock Price, News & Analysis

LPL Financial Holdings Inc. (Nasdaq: LPLA) announced it will release its third quarter financial results on October 27 after market close. A conference call to discuss these results is scheduled for 5 p.m. ET the same day. Investors can access the call through the company’s investor relations website, with a replay available until November 17.

LPL Financial supports nearly 21,000 financial advisors across various platforms, reinforcing its commitment to an advisor-centered model, while maintaining its position as a leading independent broker-dealer in the U.S.

LPL Financial has welcomed Alexander "Alex" Guiliano, CFA, who has launched his independent practice, Resonate Wealth Partners, through LPL's Strategic Wealth Services. Guiliano, who has serviced approximately $1 billion in advisory assets, aims to provide tailored financial solutions for multi-generational families. The approach focuses on personal relationships and client-centric strategies. LPL offers extensive support, allowing advisors to prioritize their clients while benefiting from comprehensive resources to enhance their business operations.

LPL Financial announces that Bodnar Financial Advisors has joined its broker-dealer and custodial platforms, managing approximately $300 million in assets. Founded in 1988, Bodnar Financial emphasizes fiduciary principles, focusing on personalized financial strategies. The team, led by John Bodnar, values client relationships and plans to utilize LPL’s independence and tools to enhance their services. Scott Posner from LPL welcomed the new advisors, emphasizing LPL’s commitment to empowering financial advisors and enhancing client connections.

LPL Financial has introduced Bookkeeping Services to enhance support for its advisors, allowing them to make informed business decisions with accurate financial reporting. The service pairs advisors with trained bookkeepers familiar with industry standards, saving time and ensuring precise record-keeping. This new offering is available to all LPL advisors, with a waived onboarding fee for a limited time. The launch aligns with LPL's mission to empower advisors through innovative services, building on previous introductions like Paraplanning Services and the Private Client Services Network.

LPL Financial announces the addition of financial advisor Marianela “Nela” Silva to its platforms. Silva, based in Orange, California, brings approximately $120 million in advisory assets from Wells Fargo Advisors. With over 15 years of experience, she focuses on holistic wealth-building strategies, particularly for families and small business owners in the Hispanic community. Silva intends to enhance her services through LPL's resources and community support, aiming to improve client experiences and address diverse needs.

LPL Financial (Nasdaq: LPLA) has announced several appointments within its Research team. Marc Zabicki has been named chief investment officer, continuing his leadership role after nearly two years as director of research. Quincy Krosby becomes chief global strategist, focusing on macroeconomic conditions, while Jeff Buchbinder steps in as chief equity strategist. The LPL Research team aims to provide insightful analysis on investment strategies, portfolio management, and market conditions to help advisors navigate financial landscapes effectively.

LPL Financial announced the appointment of Pete Dorsey as executive vice president of Institution Services, effective Sept. 21, 2022. Dorsey, previously chief strategy and revenue officer at Altruist, brings over two decades of experience in institutional business. He aims to enhance client relationships and drive growth within LPL's bank, credit union, and enterprise sectors. Dorsey succeeds Shawn Mihal and is expected to strengthen LPL's market position in the institution space, fostering differentiated experiences for clients.

LPL Financial (Nasdaq: LPLA) recently welcomed financial advisors Benjamin Link and Steve Sexton to its employee advisor model, Linsco. The duo brings approximately $380 million in advisory assets from Truist Investment Services, becoming Linsco's 25th team. Their new venture, Vero Wealth Management, is based in Greensboro, N.C. The Linsco model supports advisors with business operations and allows them to focus on client relationships. With LPL's technology and support, the advisors aim to enhance their service offerings and grow their business.

LPL Financial LLC, a subsidiary of LPL Financial Holdings (Nasdaq: LPLA), reported its monthly activity for August 2022, revealing total advisory and brokerage assets of $1.10 trillion, down $19.5 billion or 1.7% from July. The firm achieved net new assets of $9.7 billion, equating to a 10.4% annualized growth rate. Notably, total client cash balances fell to $65.8 billion, down $3.6 billion compared to July. However, net buying activity reached a new monthly high at $9.3 billion.