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 LLC has announced the acquisition of E.K. Riley Investments, an independent broker-dealer and RIA with approximately 35 financial advisors and $2 billion in client assets. The asset purchase, expected to close in the second half of 2020, has an estimated transaction multiple of 6x post-synergy EBITDA. LPL aims to leverage its technology and resources to bolster E.K. Riley's advisors' capabilities, enhancing client service. Both firms highlighted cultural alignment as a key reason for the partnership.
On May 26, 2020, LPL Financial welcomed father-son advisors Bruce and Duncan Kelm to its platform, launching ArrowPoint Wealth Management in Santa Rosa, California. The Kelms bring approximately $135 million in brokerage and advisory assets, transitioning from Morgan Stanley. Bruce, a former entrepreneur, and Duncan, a former USA Sevens Rugby team member, aim to offer objective financial advice. Their move reinforces LPL's commitment to providing independent advisors with innovative resources and support to grow their practices sustainably.
LPL Financial LLC announced the successful onboarding of Landmark Bank's investment program to its Institution Services platform, following Simmons Investment Services' acquisition of Landmark Investments. This transition brings approximately $1.5 billion in brokerage and advisory assets and expands Simmons' client base to over 8,000. The onboarding, achieved during the COVID-19 pandemic, highlights LPL's innovative support system. LPL aims to provide tailored services to financial institutions, enhancing their operational efficiency and client value.
LPL Financial has reported significant growth in its April 2020 activity report, showing total brokerage and advisory assets of $718.0 billion, a 7.2% increase since March 2020. The firm saw net new assets inflow of $3.4 billion, translating to a 6.1% annualized growth rate, alongside $2.8 billion in new advisory assets at a 10.3% growth rate. However, total client cash balances decreased by $0.8 billion to $47.0 billion. The net buying activity for the month was $4.1 billion.
LPL Financial has announced the launch of Claritas Financial Partners by advisors Brian Lynn, John Fessler, and Jim Pacheco in Marlton, New Jersey. The new firm, which serves approximately $305 million in assets, aims to enhance client experiences through a team-based approach. By partnering with LPL Strategic Wealth Services, the team will benefit from advanced technology and business management support. Their mission is to bring clarity to clients' financial lives, reflecting their commitment to objective financial advice.
LPL Financial, a major retail investment advisory firm, announced plans to hire for technology roles at a new office in Austin, Texas. This move aims to tap into Austin's thriving tech environment, enhancing the firm's ability to deliver innovative technology solutions to over 16,000 financial professionals. The new location, situated in Paloma Ridge, will support LPL's goal of providing strategic technological assets to empower advisor growth.
LPL Financial has welcomed financial advisors Brian Wall and Joe Nastasi to its platforms, bringing with them approximately $315 million in brokerage and advisory assets. Joining from Wells Fargo Advisors, Wall boasts a 44-year industry career. Nastasi transitioned from an engineering role at IBM to pursue financial advising. They aim to enhance business continuity by merging their independent offices in Kansas City. Their decision was significantly influenced by LPL's client-centric approach and advanced technology capabilities, including electronic client signing.
LPL Financial announced the addition of Winston Wealth Advisors, led by David B. Winston, to its platforms, bringing approximately $300 million in brokerage and advisory assets. The firm, established 25 years ago, aims to enhance client service through LPL's technology and resources. Winston plans to grow by acquiring retiring advisors' practices in Texas, leveraging LPL's extensive network of over 16,000 financial professionals. LPL continues to emphasize its commitment to supporting financial advisors with innovative tools and robust service.
LPL Financial announced the addition of around 100 financial professionals from JFC Financial Services, led by founder Jack Connealy, who managed approximately $3 billion in assets. This transition aims to expand LPL's national footprint. The advisors have cited LPL's innovative technology and support as key factors for their move. Notably, JFC has successfully recruited 12 additional advisors in recent months. LPL's commitment to enhancing service and support highlights its standing as a growth partner in the independent financial advisory market.
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