Welcome to our dedicated page for Lpl Financial news (Ticker: LPLA), a resource for investors and traders seeking the latest updates and insights on Lpl Financial stock.
LPL Financial Holdings Inc. (Nasdaq: LPLA) is a wealth management and investment advice company that operates in the financial advisor–mediated marketplace. Through LPL Financial LLC and related entities, the firm supports tens of thousands of financial advisors and the wealth management programs of numerous financial institutions, servicing and custodying brokerage and advisory assets for millions of Americans.
This news page highlights LPLA-related developments, reflecting how the company grows and manages its platform. Readers can find coverage of advisor teams and firms choosing to join LPL’s broker-dealer and Registered Investment Advisor platform or its employee advisor channel, including practices such as Oak Bridge Financial, Rand, Williams & Associates and Forest Lake Wealth Partners. These stories illustrate why advisors transition to LPL, often citing autonomy, technology capabilities, operational flexibility and support.
News items also include leadership and governance updates, such as appointments of senior executives in areas like supervision, service, legal and corporate strategy, as well as the election of independent directors to the board. In addition, LPL issues releases on its earnings release schedule, monthly activity metrics and research publications like the firm’s 2026 Outlook, which provides a data-driven view of the economic and market environment.
Investors, advisors and other interested readers can use this page to follow recurring themes in LPL’s news flow, including advisor recruitment, corporate strategy, board composition, regulatory and legal leadership, and platform growth indicators. By reviewing these updates over time, users gain insight into how LPL manages its wealth management platform and supports the advisors and institutions that rely on its services.
LPL Financial (Nasdaq: LPLA) has announced that Encore Capital Management has joined its broker-dealer and registered investment advisor platform. With approximately $205 million in assets, Encore Capital, led by Ara Mekhitarian and Leonardo Aguilar, aims to provide enhanced client services through LPL's integrated resources. The move is intended to support their clients better amidst a changing financial environment. Scott Posner of LPL praised the dedication of the Encore Capital team and highlighted the significance of their alignment with The Financial Services Network.
LPL Financial announced that CFO Matt Audette will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14 at 11 a.m. ET. The presentation will be accessible via a live audio webcast at investor.lpl.com, with a replay available until July 5. LPL Financial is a leader in serving over 20,000 financial advisors, offering them the resources to provide personalized client guidance. The firm emphasizes an advisor-centered model, enabling independence and tailored business strategies.
LPL Financial (Nasdaq:LPLA) has onboarded approximately $11 billion in client assets from CUNA Brokerage Services, with $10 billion in brokerage and $1 billion in advisory assets. This transition involves about 550 financial advisors serving over $36 billion in assets. The remaining assets worth ~$21 billion are set for onboarding in the coming months. The partnership aims to enhance personalized financial guidance for credit union members while leveraging LPL's technology and data capabilities.
LPL Financial LLC reported a significant decrease in total advisory and brokerage assets, dropping to approximately $1.10 trillion at April's end, a decline of $67 billion or 5.8% from March 2022. However, total net new assets for April were $1.9 billion, reflecting a 2.0% annualized growth rate. The company also saw total net new advisory assets reach $2.2 billion with a 4.2% annualized growth rate. Client cash balances remained stable at $61.8 billion, while April net buying activity was $3.1 billion.
LPL Financial announced that financial advisor Randall Pickett and wealth associate Leslie Stephenson have joined Linsco by LPL Financial. Located in Dallas, their team, known as The Pickett Group, manages approximately $180 million in advisory assets. With nearly 35 years of experience, Pickett aims to provide personalized financial consulting. Linsco offers advisors autonomy, digital services, and marketing support. Pickett expressed excitement about leveraging LPL’s integrated platform to enhance client experiences and grow their business.
LPL Financial announced the launch of Carmack Capital Management by financial advisor Peter Carmack, who brings approximately $510 million in advisory, brokerage, and retirement assets. Transitioning from Wells Fargo Advisors, Carmack aims to offer tailored financial strategies for clients. He emphasized the importance of personalized service in today’s evolving financial landscape. LPL’s support through innovative technology is intended to enhance Carmack's ability to meet client needs and provide high-quality care.
LPL Financial announced that financial advisor Nick Bevad has joined the firm in association with Claritas Financial Partners. Bevad, who previously managed approximately $135 million in assets at Merrill Lynch, brings 16 years of experience in the financial sector. He emphasizes personalized client strategies and has a focus on community service. LPL's Strategic Wealth Services offers resources that allow advisors to enhance their practice and client services. The partnership aims to expand Bevad's reach in New Jersey and Long Island.
LPL Financial LLC (Nasdaq: LPLA) announced the appointment of Brett Goodman as executive vice president of Corporate Development and Investor Relations. Goodman will oversee M&A strategies and enhance shareholder engagement, reporting to CFO Matt Audette. Previously a managing director at Morgan Stanley, Goodman has a proven track record in wealth management and corporate development. He expressed enthusiasm about joining LPL, citing the firm's strong growth and commitment to financial advisors.
LPL Financial Holdings (LPLA) reported a net income of $134 million for Q1 2022, reflecting a 3% increase year-over-year, leading to a diluted EPS of $1.64. Key highlights include a 15% rise in gross profit to $669 million and a substantial 21% growth in total advisory and brokerage assets to $1.16 trillion. Advisory assets grew by 26% to $624 billion. The company is focusing on onboarding new partnerships and enhancing its services for advisors.
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