Lpl Financial Stock Price, News & Analysis

LPL Financial (Nasdaq: LPLA) has welcomed financial advisor John “Mark” Ross to its team, who brings approximately $100 million in advisory, brokerage, and retirement plan assets from Wells Fargo Advisors. Based in Bozeman, Montana, Ross specializes in serving business owners and ranchers. He has launched Two Pines Wealth Advisors, leveraging the Linsco by LPL model that offers advisors enhanced support and operational flexibility. Ross aims to prioritize client needs and utilize LPL's resources for tailored financial services.

LPL Financial LLC, a subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA), reported a total of approximately $1.16 trillion in advisory and brokerage assets at the end of January 2022, down $49 billion (4.0%) from December 2021. However, the company posted net new assets of $6.1 billion for January, reflecting a 6.0% annualized growth rate. Advisory assets registered at $619.6 billion, while brokerage assets were $538.2 billion. Total client cash balances rose to $58.4 billion, marking a $1.1 billion increase from the previous month.

LPL Financial announced that financial advisors Jason J. Howard, Shane Kunz, and Chad Horne have launched an independent practice called Outcome Private Wealth. The advisors, previously with Wells Fargo Advisors, manage $1 billion in assets and aim to provide enhanced financial services. By partnering with Stratos Wealth Partners, they seek greater autonomy and innovative capabilities to offer clients improved experiences. The team's move reflects their commitment to personalized financial planning and the ability to grow through collaborations with legal and financial professionals.

LPL Financial LLC (Nasdaq: LPLA) has welcomed financial advisors Guy Blakey and Karl Willard to its network, bringing approximately $320 million in advisory, brokerage, and retirement assets. Joining from Securities America, the duo aims to provide holistic financial advice and wealth management services through a partnership with Synergy Wealth Alliance. This alignment will enhance their business continuity and client service, leveraging LPL's advanced technologies and resources. The addition reflects LPL's commitment to empowering advisors, ensuring a strong succession plan for client engagement.

LPL Financial (Nasdaq: LPLA) has welcomed Planify Group to its broker-dealer and RIA platforms. Previously affiliated with MassMutual, Planify manages approximately $550 million in advisory and brokerage assets. The team of experienced financial advisors aims to provide personalized financial solutions to diverse clients, emphasizing a client-first approach. Their partnership with LPL and Cornerstone will enhance their service capabilities through improved technology and resources, enabling them to offer comprehensive experiences tailored to clients' needs.

LPL Financial Holdings Inc. (Nasdaq: LPLA) reported a net income of $108 million for Q4 2021, with diluted earnings per share (EPS) of $1.32. Gross profit rose 20% year-over-year to $643 million, while EBITDA increased 4% to $225 million. Total advisory and brokerage assets surged 34% to $1.21 trillion, and advisory assets climbed 39% to $643 billion. For 2021, net income reached $460 million, translating to an EPS of $5.63. The company declared a $0.25 per share dividend payable on March 29, 2022.

LPL Financial LLC (Nasdaq: LPLA) has welcomed father-and-son financial advisors Steve and Jeremy Friedman to its network, joining through Silverleaf Wealth Management. This team previously managed around $200 million in assets, focusing on personalized financial strategies for diverse clients. With over 60 years of combined experience, they seek a flexible business model to enhance client services. The Friedman team aims to leverage LPL's resources and innovative technology to meet comprehensive financial needs, ensuring exceptional client care.

LPL Financial announced that Accardi Financial Group has joined its platforms, reporting approximately $150 million in advisory, brokerage, and retirement plan assets. Founded in 1990, AFG focuses on personalized investment strategies. The firm, led by founder Joe Accardi and his family, aims for efficient operations through its partnership with Lucia Capital Group (LCG), gaining access to enhanced services and growth opportunities. LPL's commitment to innovation and advisor support is emphasized by their executive vice president.