Lpl Financial Stock Price, News & Analysis

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.

LPL Financial (Nasdaq:LPLA) has welcomed financial advisors Alicia Curtis, Jyl Barnard, Chris Dearing, and Kari Snyder, who collectively manage approximately $400 million in advisory and brokerage assets, to its platform. They transitioned from Mass Mutual seeking operational independence and client-first service. The advisors emphasize a holistic approach, working closely with clients and professionals like attorneys and accountants. LPL's advanced technology and resources attracted them, promising enhanced client service and support for their independent practices.

LPL Financial (LPLA) announced that Puzzle Wealth Solutions has joined its broker-dealer and RIA platforms. The Puzzle team manages approximately $1.2 billion in advisory and brokerage assets and has established a strong reputation in financial planning since 1988. Transitioning to independence allows them to provide fiduciary advice without internal product constraints. CEO John Klaas emphasized improved transparency and personalized strategies for clients. The firm believes LPL's flexible platform and Gladstone's support will enhance their service offerings and facilitate growth in the Chicago market.

LPL Financial (Nasdaq: LPLA) announces that CUNA Brokerage Services, Inc. (CBSI) will transition its retail brokerage and advisory business to LPL's platform by early 2022. CBSI, part of CUNA Mutual Group, serves approximately $36 billion in brokerage assets across 550 advisors and nearly 300 credit unions. The partnership aims to enhance customer and advisor experiences within the credit union industry, leveraging LPL's technology and support. LPL anticipates growth in service capacity amidst increasing demand for personalized financial advice.