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LPL Financial Holdings Inc. operates a wealth management platform for financial advisors, broker-dealer representatives, registered investment advisers and financial institutions. News about LPLA centers on advisor and team affiliations, broker-dealer and RIA platform growth, custody and advisory asset trends, and affiliation models such as Linsco and LPL Independent Advisor Network.
Company updates also cover quarterly financial results, organic and recruited asset flows, client cash balances, capital and liquidity measures, dividends, technology and practice-management services, investment solutions, and advisor support programs such as its military deployment practice continuation framework.
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.
LPL Financial Holdings Inc. (LPLA) will report its first quarter financial results after market closure on April 27, 2023. A conference call is scheduled for 5 p.m. ET on the same day to discuss the results. The call will be accessible via investor.lpl.com/events, with a replay available until May 18, 2023.
LPL Financial is a leading financial services firm serving over 21,000 financial advisors across various business models, emphasizing the importance of personalized guidance for investors. The firm aims to empower advisors to manage client relationships effectively.
LPL Financial (Nasdaq: LPLA) has announced that Walker Alston Financial Group has joined its broker-dealer, RIA, and custodial platforms. The team, managing around $200 million in advisory and brokerage assets, transitioned from Securities America. Founded in 2017, Walker Alston aims to provide comprehensive financial services to multigenerational clients. They sought a larger partner due to market volatility, selecting LPL for its resources and technology that enhance client experiences. LPL's commitment to advisors and market leadership position them as a preferred choice for financial services.
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LPL Financial (Nasdaq: LPLA) has welcomed Financial Design Group (FDG) to its broker-dealer and RIA platforms. FDG, with $850 million in assets under management, transitioned from Securian Financial Services. Founded in 1995, FDG specializes in comprehensive wealth management, emphasizing tailored financial strategies. Key leaders Mike Clements and Jason Strasser highlighted LPL's technology and open architecture as pivotal for enhancing client service and advisor support. The partnership aims to streamline operations and improve advisor-client relationships, reinforcing LPL's commitment to independent financial advisory services.
LPL Financial (Nasdaq: LPLA) announced that financial advisor Kemp Cunningham has joined its platforms, bringing approximately $125 million in advisory and brokerage assets from Edward Jones. Cunningham, who has extensive experience in financial services, launched his own practice, Emerald River Wealth Management. He aims to provide clients with robust financial planning tools and a collaborative environment by incorporating CPA and estate attorney services in his new office. LPL expresses commitment to supporting advisors like Cunningham in delivering top-notch client experiences.
LPL Financial announced that SC Financial Group has joined its broker-dealer and RIA platforms, bringing approximately $220 million in assets. Founded in 2008 by Shane Cloninger and Susan Carter, the Bellevue, Wash.-based practice focuses on retirement income strategies and offers personalized financial planning. The transition to LPL was motivated by the firm's reputation and integrated capabilities, aiming for improved client services. Executive VP Scott Posner emphasized LPL's commitment to supporting advisors in delivering exceptional client experiences.
On March 23, 2023, LPL Financial (Nasdaq: LPLA) reported its monthly activity for February 2023, revealing total advisory and brokerage assets of $1.15 trillion, down $17.1 billion (1.5%) from January. The firm secured net new assets of $5.2 billion, reflecting a 5.4% annualized growth rate. February's client cash balances totaled $56.2 billion, down $3.5 billion from January, while net buying reached a record high of $12.4 billion. As of March 22, cash balances saw slight declines, yet net buying activity remained strong.
LPL Financial has welcomed financial advisor Joaquin Lopez and his firm, Lopez Wealth Management, to its platforms. Lopez, who manages approximately $130 million in assets, transitioned from Lincoln Investment Planning. A veteran and seasoned financial expert, he aims to leverage LPL's enhanced technology and support to improve client services, particularly in retirement planning. Lopez highlighted the benefits of LPL's mobile app and lower-cost fee-based platforms for his diverse clientele. LPL's commitment to advisor-centric strategies positions them as a leading independent broker-dealer, catering to over 21,000 advisors.