Lpl Financial Stock Price, News & Analysis

LPL Financial (Nasdaq: LPLA) announced the addition of financial advisor Brandon Chase, who brings approximately $125 million in advisory and brokerage assets. He joins HUB Retirement and Wealth Management as Senior Vice President and Wealth Advisor. Chase aims to assist business owners in enhancing their companies' value for sale, leveraging innovative technology and resources from LPL. This partnership is expected to bolster HUB's commitment to serving business owners and further enhance LPL's advisor-centric operational model, marking a strategic growth in their financial advisory network.

LPL Financial (Nasdaq:LPLA) announced that financial advisors Susan Kaplan and Laila Pence have been recognized in Barron’s ‘Top 100 Women Advisors’, ranking No. 10 and No. 14, respectively. This recognition highlights their exceptional performance in navigating a fluctuating market. Angela Xavier, LPL's EVP, commended their dedication and contributions to the company and its clients. Furthermore, LPL Financial’s female advisors have shown consistent industry recognition, with 19 advisors listed in Forbes’ recent Top Women Wealth Advisors list.

LPL Financial LLC (Nasdaq:LPLA) announced the launch of Arise Private Wealth by advisors Steven Carlsen and Sathya Chey, who have transitioned from Wells Fargo Advisors. The new firm manages approximately $580 million in assets. Carlsen, with over 30 years of experience, focuses on retirement income planning, while Chey emphasizes effective communication. Their partnership with LPL provides access to Strategic Wealth Services, enhancing client service and operational support. The advisors highlight their commitment to ethical investing and personalized client relationships as central to their new practice.

LPL Financial has welcomed M&T Bank's retail brokerage and advisory business, comprising approximately 210 financial advisors and $22 billion in assets, to its Institution Services platform. The onboarding process began with about $14 billion of assets, including $11 billion in brokerage and $3 billion in advisory assets, with the remainder expected over several months. This partnership aims to enhance financial planning solutions for consumers and leverage LPL's technology and resources to improve customer experiences.

CHARLOTTE, N.C., June 24, 2021 (GLOBE NEWSWIRE) -- LPL Financial (Nasdaq:LPLA) announced that Brian M. Woods Financial Services, managing $1.6 billion in assets, has joined its broker-dealer, RIA, and custodial platforms from Voya Financial Advisors. Founded in 1991 by Woods, the firm employs around 30 advisors. The transition has been praised by Woods for excellent support from LPL, enhancing client service through integrated technology and tools. The partnership aims to position Woods for growth and improve client experiences.

M&T Bank has launched Wilmington Advisors @ M&T, enhancing financial advisory and retail brokerage services for clients. This initiative partners with LPL Financial to deliver tailored solutions for individuals, families, and nonprofits. A recent survey indicates that many affluent consumers plan to increase spending and investment, highlighting the need for personalized financial services. Wilmington Advisors aims to address these needs by offering comprehensive financial planning that integrates various aspects of a client’s financial life, utilizing advanced technology for improved service efficiency.

LPL Financial (Nasdaq: LPLA) announced that its investment management solution, Firm Sleeve, has surpassed $3.4 billion in assets, highlighting its personalized approach for large firms, RIAs, and institutions. Firm Sleeve, built on LPL's MWP platform, enhances client services by allowing firms to centralize investment models, saving resources and managing risks during market volatility. Launched in early 2021, this solution builds on the success of Advisor Sleeve, which reached $5.0 billion in assets by May 2021.

LPL Financial welcomes Larry Boggs and his team, who have launched Boggs & Company Wealth Management after transitioning from Wells Fargo Advisors. With over 45 years in the industry, Boggs brings a team managing approximately $1.3 billion in assets. The advisory firm will utilize LPL's Strategic Wealth Services, providing comprehensive support for client needs, including financial advice and retirement planning. The move allows for greater independence and flexibility. Boggs emphasizes enhancing client relationships and leveraging technology in a family-oriented practice.

LPL Financial LLC, a subsidiary of LPL Financial Holdings (Nasdaq: LPLA), reported a 1.0% increase in total advisory and brokerage assets for May 2021, totaling approximately $1.074 trillion. The firm saw net new assets of $6.1 billion, reflecting a 7.4% annualized growth rate. This included $0.3 billion from BMO Harris Financial Advisors. Net new advisory assets reached $5.7 billion with a 13.2% growth rate. Client cash balances also increased slightly to $47.8 billion with net buying activity of $5.2 billion.