Lpl Financial (LPLA) Stock News

LPL Financial announced the acquisition of Money Matters, a financial consulting firm managing approximately $250 million in assets. Founded by Ron Clark, Money Matters operates from Tampa, Fla., and Gadsen, Ala., and has a client-centric approach that has catered to families, businesses, and charities for over 17 years. The firm sought LPL for enhanced technology and resources to better serve its clients. LPL's integrated systems will allow the Money Matters team to focus more on client service and research. The transition underscores LPL's commitment to offering advisors the tools needed for client success.

LPL Financial (Nasdaq: LPLA) announced on March 15, 2023, that financial advisors Lucas Mijares and Jesse Ettlin have launched Zion Capital Wealth Management, joining LPL's broker-dealer, RIA, and custodial platforms. Zion Capital, based in Grass Valley, California, manages $185 million in advisory and retirement plan assets. The firm emphasizes personalized, holistic financial planning. Mijares and Ettlin chose LPL and Mariner Advisor Network for their technology and resources, enabling them to focus on client relationships. LPL executives expressed enthusiasm for the partnership, highlighting their commitment to supporting independent advisors.

LPL Financial announced the launch of an independent practice by financial advisor Nick Lalonde, who brings approximately $200 million in advisory and brokerage assets. Lalonde joins LPL from Edward Jones, aiming to enhance client service through increased flexibility and innovative solutions. He has named his practice Third Act Wealth Management, focusing on helping clients find identity and purpose in their financial journeys. The team plans to expand by adding junior advisors. LPL's mission supports this independence by providing robust resources for advisors.

LPL Financial Foundation, in collaboration with LISC San Diego, Vista Chamber of Commerce, and the University of San Diego, has made significant strides in reviving local farmers' markets in San Diego County. Funded by grants awarded in 2021 and 2022, the initiative aimed to empower small businesses in underserved communities. With support and technical assistance, these markets have successfully resumed operations, attracting new vendors and generating interest. This effort is part of LPL's commitment to enhancing the economic well-being of communities they serve, promoting cultural offerings that reflect local residents.

LPL Financial (Nasdaq: LPLA) announced that financial advisor Scott Glasson has joined its employee advisor channel, Linsco by LPL Financial, to establish Glasson Financial. Glasson brings approximately $120 million in advisory assets from Wells Fargo Advisor and will operate from LPL's San Diego campus. With 28 years of experience, Glasson focuses on helping clients aged 45-65 prepare for and enjoy retirement. He chose Linsco for its innovative technology and operational support that enhance flexibility and independence in his practice. LPL aims to support advisors in achieving their success through customized business models and resources.

LPL Financial LLC (Nasdaq: LPLA) announced the launch of Carnegie Private Wealth, formed by three successful financial advisors: Angie Ostendarp, Jordan Raniszeski, and Mary Sherrill Ware. The new practice, which aims to provide tailored financial services, operates under LPL's Strategic Wealth Services. Collectively, the advisors manage $1.45 billion in assets and emphasize client-centered financial solutions. With over 120 years of combined experience, the team is focused on creating a family-oriented practice. Their strategic move to independence aims to enhance client service through improved technology and communication.

LPL Financial (Nasdaq: LPLA) welcomed financial advisor Timothy Lanier to its platforms, as announced on March 2, 2023. Lanier, previously with VALIC Financial Advisors, serves approximately $300 million in assets and specializes in financial planning for health care executives and physicians.

He expressed enthusiasm for the flexibility and innovative solutions offered by LPL, stating that this move will enable him to better serve his clients. LPL's Executive VP Scott Posner emphasized their commitment to supporting financial advisors and enhancing their capabilities.

LPL Financial (Nasdaq: LPLA) has welcomed financial advisor Eric Gallinger to its ranks, who joins from Merrill Lynch and is now aligned with Stratos Wealth Partners. Gallinger manages approximately $300 million in advisory and brokerage assets, focusing on wealth preservation strategies for retirees. He sought greater autonomy and innovative capabilities by partnering with LPL. This move allows Gallinger to expand his practice and collaborate closely with influential professionals like attorneys and CPAs. LPL executives expressed enthusiasm for this partnership, highlighting the competitive nature of advisor recruitment.

LPL Financial LLC has welcomed Thom Maher as he launches his independent practice, Maher Wealth Management, through LPL Strategic Wealth Services. Maher brings around $440 million in advisory and brokerage assets and focuses on serving multigenerational families, particularly women business owners and retirees. His shift from Merrill Lynch aims to provide clients with a transparent range of financial services. LPL offers extensive support, technology, and resources to help advisors manage their practices effectively. LPL remains a leading firm, serving over 21,000 financial advisors across the United States.