Lpl Financial Stock Price, News & Analysis

LPL Financial (Nasdaq: LPLA) announced that financial advisor Sean Khaligh has joined their broker-dealer and investment platforms, bringing approximately $170 million in advisory and brokerage assets. Khaligh, previously with Wells Fargo Advisors, launched EQ Private Wealth Advisors in California, emphasizing a client-centric approach to wealth management. His journey from immigrant to financial advisor highlights his determination to succeed despite challenges. LPL aims to provide advisors with innovative technology and resources to enhance their service.

LPL Financial Holdings Inc. (LPLA) will announce its third quarter financial results on October 28, after market close. A conference call to discuss these results is scheduled for 5 p.m. ET that same day. Participants can dial 877-677-9122 domestically or 708-290-1401 internationally to join the call, using passcode 2968493. The event will also be available via webcast on the company's website. A replay will be accessible until November 18, with a telephonic replay starting approximately two hours after the call.

LPL Financial (Nasdaq: LPLA) has announced that First Legacy Wealth Management has joined its platforms, bringing over $400 million in advisory, brokerage, and retirement assets. Located in Texas, First Legacy specializes in tax-based financial advice and retirement planning. The team chose LPL for its client-oriented business model and flexible operational support. LPL’s executive, Scott Posner, highlighted their commitment to redefining independence for advisors, enhancing client relationships, and providing innovative technology solutions.

LPL Financial LLC (Nasdaq: LPLA) has welcomed Polaris Advisors to its broker-dealer and advisory platforms. Polaris Advisors, which manages approximately $675 million in assets and transitioned from Mass Mutual, aims to enhance client service through LPL's Strategic Wealth Services (SWS) model. This model provides integrated account management and operational support, allowing Polaris to focus on client relationships and growth. The firm plans to leverage LPL's M&A Solutions for further expansion and is committed to community involvement.

LPL Financial (Nasdaq: LPLA) announced that Wealth Advisory Services has rejoined its broker-dealer and registered investment advisor platforms, bringing approximately $700 million in advisory and brokerage assets. Led by managing partners Paul Krumenacker and David Jenkins, the team aims to enhance client service through LPL's advanced technology and Gladstone's concierge service. This move is expected to free up time for advisors to focus on portfolio management and wealth building, while also attracting new advisors to their growing model.

LPL Financial LLC reported a significant increase in total advisory and brokerage assets, reaching approximately $1.16 trillion at the end of August 2021, a growth of $27.0 billion or 2.4% from July 2021. The firm saw total net new assets of $7.6 billion for August, translating into an annualized growth rate of 8.6%, with net new advisory assets totaling $6.4 billion, representing a robust annualized growth rate of 13.9%. Client cash balances increased to $49.7 billion, reflecting a positive trend in client engagement.

LPL Financial (Nasdaq:LPLA) welcomed financial advisors Carrie Turcotte and Crystal Walker from NorthShore Financial Strategies to its platform, managing approximately $230 million in advisory and brokerage assets. The partnership aims to enhance client care through LPL's Strategic Wealth Services model, allowing the advisors to focus on client relationships while accessing advanced wealth management resources. The NorthShore team, with over 75 years of combined experience, emphasizes personalized financial guidance, particularly for women and high-net-worth clients.