Lpl Financial Stock Price, News & Analysis

LPL Financial (Nasdaq: LPLA) has announced that Sterling Wealth Group, managing approximately $390 million in assets, has joined its broker-dealer and RIA platforms. Founded by Bob Madden, the Melville, N.Y.-based firm, operates with a client-centric approach and aims to enhance client experiences. After a year of due diligence, they chose LPL for its advanced technology and extensive resources. The partnership is expected to support Sterling's growth and improve service delivery. LPL remains dedicated to empowering advisors through innovative solutions and personalized support.

LPL Financial LLC, a subsidiary of LPL Financial Holdings (NASDAQ: LPLA), reported its November 2021 activity. Total advisory and brokerage assets decreased to approximately $1.17 trillion, down $10 billion (0.8%) from October. Notably, total net new assets for November reached $6.9 billion, reflecting a 7.0% annualized growth rate, with net new advisory assets at $7.1 billion (13.7% annualized growth).

Client cash balances rose by $1 billion to $51.9 billion, with net buying activity at $5.5 billion.

LPL Financial (Nasdaq: LPLA) has welcomed Lamont Financial Group to its platforms, expanding its advisory services. With approximately $200 million in assets, Lamont joined LPL from Securities America, citing the need for enhanced office efficiencies and integrated technology. LPL's ClientWorks platform and its robust capabilities were significant factors in their decision. The partnership with JFC Advisor Network aims to support growth for Lamont's advisors, furthering their mission of delivering customized financial strategies.

LPL Financial announced that financial advisor Bob Trent has joined the firm, launching Trent Wealth Management under the Linsco model in Santa Rosa, California. Trent has experience managing approximately $200 million in advisory and retirement plan assets. The move is aimed at providing clients with personalized service and enhanced portfolio management through LPL's technology and support. Trent emphasizes the independence and innovative capabilities offered by LPL, which allows for better client service and operational flexibility.

LPL Financial announced the affiliation of financial advisor Gene Foley, who brings approximately $85 million in advisory, brokerage, and retirement plan assets from Wells Fargo Advisors. Foley, a veteran with over 40 years in financial services, chose LPL for its independence and support structure through the Linsco employee model. This model provides advisors with autonomy to manage their practices while accessing LPL’s integrated wealth management resources. Scott Posner, LPL’s EVP of Business Development, expressed enthusiasm in welcoming Foley to the LPL community.

LPL Financial has announced that financial advisor Michael Markovich has joined the firm to launch Encompass Wealth Management in Denver, Colorado. Markovich brings approximately $60 million in advisory, brokerage, and retirement assets and has nearly 30 years of experience in finance. He aims to leverage LPL's resources while offering personalized financial advice for high-net-worth clients. Markovich noted the flexible support from LPL's Linsco model, which includes marketing and administrative assistance, as a significant advantage for his practice.

LPL Financial (Nasdaq: LPLA) has welcomed Humanity Wealth Advisors to its platform, enhancing its broker-dealer and advisory services. Humanity Wealth Advisors, with approximately $250 million in advisory and brokerage assets, transitioned from Wells Fargo Advisors. Founder Harry Sherdil emphasized the importance of independence and the ability to serve underserved investors, aiming to educate those new to investing. The partnership promises access to diverse financial products and aligns with LPL's commitment to support advisors in meeting evolving client needs.

LPL Financial (Nasdaq: LPLA) released its Outlook 2022 report, predicting robust economic growth and stock performance driven by consumer choices and business investments. The U.S. economy is expected to grow between 4.0% to 4.5% in 2022, aided by record stimulus and vaccinations. Analysts project the S&P 500 to reach 5,000 to 5,100 by year-end, favoring U.S. stocks and value sectors. Interest rates could rise modestly, with a forecast of 1.75% to 2.00% for the 10-year Treasury yield.

LPL Financial LLC (Nasdaq: LPLA) announces the launch of Point 32 Investment Partners by Brian Nydegger, who transitions from RBC Wealth Management. With approximately $420 million in advisory and brokerage assets, Point 32 aims to provide tailored services primarily to high-net-worth individuals and small businesses. The firm values independence while utilizing LPL's Strategic Wealth Services for operational support. Brian, honored to continue his late father's legacy, emphasizes their commitment to client care and socially responsible investing.