Lpl Financial Stock Price, News & Analysis

LPL Financial (LPLA) announced that the wealth management program at CenterState Bank is joining LPL through its merger with South State Bank. This program manages approximately $350 million in brokerage and advisory assets. With the addition of eight CenterState advisors and five client service members, the merger enhances South State Investment Services, expanding its reach across six Southeastern states.

Tim Sease, managing director, emphasized the merger's potential for growth, while LPL's Rich Steinmeier highlighted their commitment to supporting this expansion.

LPL Financial has welcomed Tagge Rutherford Financial Group to its broker-dealer and corporate RIA platforms, enhancing LPL's service offerings.

Tagge Rutherford, based in Omaha, has approximately $1 billion in advisory and brokerage assets and utilizes a team approach for client services.

With LPL’s advanced technology and integrated workflow, the onboarding process has become seamless, improving client experiences significantly.

LPL Financial (LPLA) has welcomed financial advisors Tom and Bill Smothers, who bring approximately $220 million in assets under management, to its platforms from KMS Financial Services. The Smothers have extensive experience in the retirement plan sector and aim to enhance their services in wealth management and financial planning. Their decision to partner with LPL highlights the firm’s commitment to supporting advisors with resources and expertise in the qualified retirement plan space. This partnership aims to improve service quality for clients as their financial needs evolve.

LPL Financial has announced that its Model Wealth Portfolios (MWP) platform has been named a finalist for the Wealth Management Platform of the Year in the 2020 Money Management Institute/Barron’s Industry Awards. MWP offers fully diversified mutual fund and ETP models, supported by 15 institutional portfolio strategists. During COVID-19, MWP has helped advisors navigate market volatility, and since April 2019 has expanded to include the Advisor Sleeve option, adding over $3B in assets. The winners of the awards will be announced on October 22, 2020.

LPL Financial has announced its annual Women's Conference, titled Women Lead: eForum, transitioning to a virtual format to accommodate more participants. Originally a gathering of 150, this year’s event features nearly 700 registered attendees and runs until October 30. The conference includes various sessions led by LPL executives and keynote speakers, focusing on networking and professional development. A unique allies program invites male allies to participate, promoting inclusion in an industry traditionally dominated by men.

LPL Financial (Nasdaq:LPLA) has appointed Thomas Cappello as executive vice president and chief risk officer, effective October 12, 2020. Cappello, with extensive experience from Bank of America and UBS, will oversee LPL's risk functions, including Enterprise Risk Management. His appointment comes at a time when LPL seeks to enhance its enterprise-wide risk management framework, aligning with the firm's growth strategy in the evolving financial advisory market. Cappello aims to leverage macro trends to support LPL’s service to advisors and institutions for effective client guidance.

LPL Financial (Nasdaq:LPLA) announced that financial advisor Rajat Rajan CFP^®, AIF has joined their platform through Tranquil Advisors. Rajan brings approximately $125 million in assets under management from Wells Fargo Advisors and will focus on retirement planning and asset management for small to mid-sized companies in the D.C. area. This move enables him to leverage LPL's resources and customized portfolio options for his clients. Gladstone Wealth Partners will support Rajan’s transition, marking their entry into the D.C. market as LPL continues to expand its advisor network.

LPL Financial (LPLA) has announced that GreenState Credit Union's wealth management division has joined its Institution Services platform. This strategic move aims to enhance client services and growth, leveraging the extensive investment product offerings LPL provides. GreenState Wealth Management, serving approximately $350 million in assets, will benefit from a partnership with Financial Resources Group to tailor investment strategies. The collaboration underscores LPL's commitment to innovative technology and advisory services, fostering a long-term relationship to support GreenState's 230,000 members.

LPL Financial (Nasdaq:LPLA) announced that eight of its affiliated advisors have been recognized as Top Wealth Advisor Moms by Working Mother magazine and SHOOK Research. This list highlights 500 mothers in wealth management who maintain children aged 21 or younger at home. Key factors for this recognition included client retention, service models, and revenue generated. LPL's managing director praised these women for their dual commitment to clients and family while promoting a supportive environment for women entrepreneurs in finance.