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 announced the appointment of Shawn Mihal as executive vice president of Institution Services, effective immediately. Mihal, who previously served as president of Waddell & Reed, will focus on expanding services for institutional clients. He takes over from Arthur Osman, who is departing after 24 years. Mihal's extensive background in financial services is expected to enhance LPL’s offerings and support for its over 800 bank and credit union clients. The transition aims for continued growth and improved client service.
LPL Financial Holdings (Nasdaq: LPLA) has made its debut on the Fortune 500 list, ranking No. 466, reflecting impressive growth with record revenue of $5.9 billion in 2020—an increase of nearly 37% over three years. The firm supports over 18,000 advisors and has doubled its advisory and brokerage assets to exceed $1 trillion as of April 2021. CEO Dan Arnold emphasized the company's commitment to advisor independence, which aligns with the preferences of both advisors and investors, enhancing LPL's mission to empower financial advisors to optimally serve their clients.
LPL Financial has welcomed financial advisor Ashley Dusek and the Benchmark Financial Services team to its platforms, transitioning from Avantax Investment Services. The Benchmark team, managing around $150 million in assets, focuses on comprehensive wealth management that emphasizes tax implications. Dusek highlights LPL's technology and services as key factors in improving client interactions. LPL's executive team praised the partnership, emphasizing its commitment to enhancing advisor capabilities and client service.
LPL Financial announced the addition of financial advisors Craig Zaleck and Mark Hogan from Bergen Point Wealth Management, managing approximately $275 million in assets. They have joined LPL's platforms and partnered with INC Advisors for enhanced client services. Citing LPL's technology and financial strength as key factors, Zaleck emphasized the importance of innovative solutions to support client needs. Richard Dragotta from INC Advisors welcomed the advisors, highlighting the necessity for efficient technology in a competitive marketplace. LPL continues to prioritize advisor support and innovative business solutions.
LPL Financial has appointed Alisa Maute as the new Executive Vice President of Advisor Growth Solutions, effective immediately. In this role, she will enhance advisor adoption of LPL's platforms and strategic resources.
With a strong background in leading teams and driving growth, Maute aims to enhance personalized support for advisors. Previously with WisdomTree Asset Management, she has significant experience in the financial sector. Her arrival is expected to bolster LPL's commitment to delivering tailored solutions for financial advisors.
LPL Financial reported impressive growth in April 2021, with total advisory and brokerage assets surpassing $1 trillion, reaching approximately $1.063 trillion, a 10.9% increase from March. The firm saw $73.8 billion in net new assets, driven by an acquisition and organic growth, with advisory assets growing by 13.0% and brokerage assets by 8.4%. Cash balances decreased slightly to $47.7 billion. This performance underscores LPL's strong market position and effective asset acquisition strategies.
LPL Financial has been selected as the custodian for the newly launched Talisman Wealth Advisors by financial advisors Jennifer Kirby and Frank Granizo. Previously part of The Granizo Kirby Group at Merrill Lynch, they manage approximately $150 million in advisory assets. Their independent firm, based in Mountainside, N.J., aims to provide unbiased wealth management services, leveraging LPL's advanced technology and support. LPL's commitment to independent advisors enhances their ability to serve clients effectively, ensuring a focus on client interests free from institutional conflicts.
LPL Financial Holdings (Nasdaq: LPLA) announced the completion of a $400 million offering of senior unsecured notes due in 2031.
The proceeds will be used to repay existing borrowings related to the acquisition of Waddell & Reed Financial’s wealth management business, and cover related fees. The notes will incur a 4.375% interest rate, payable semi-annually, with a maturity date of May 15, 2031. The offering resulted in approximately $18 million in additional annual interest expense for the company.
LPL Financial announced that advisors Gena Barbato, Beth Woodward, and Daniel Kundla have joined from UBS, bringing approximately $215 million in advisory assets. The team aims to enhance client experiences through a holistic approach and expanded service offerings by partnering with LPL and Gladstone Wealth Partners. This collaboration allows them greater independence and flexibility, including improved digital marketing capabilities. Gladstone's CEO noted the significance of this women-led team in Atlanta's wealth management market.
LPL Financial announced that financial advisor Jeffrey Schiffman has joined the firm, affiliated with the new Linsco employee model. Schiffman brings approximately $150 million in advisory, brokerage, and retirement plan assets, transitioning from UBS Financial Services. Based in Palm Beach Gardens, Fla., Schiffman Wealth Planning aims to provide tailored financial strategies. The move allows Schiffman greater business control and access to LPL's technology and marketing resources, enhancing his practice's growth potential.