LPL Financial Holdings Inc. operates a wealth management platform for financial advisors, broker-dealer representatives, registered investment advisers and financial institutions. News about LPLA centers on advisor and team affiliations, broker-dealer and RIA platform growth, custody and advisory asset trends, and affiliation models such as Linsco and LPL Independent Advisor Network.
Company updates also cover quarterly financial results, organic and recruited asset flows, client cash balances, capital and liquidity measures, dividends, technology and practice-management services, investment solutions, and advisor support programs such as its military deployment practice continuation framework.
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.
LPL Financial has welcomed Reason Financial to its broker-dealer and hybrid RIA platform, in partnership with Merit Financial Group. Reason Financial, based in San Diego, manages over $200 million in brokerage, advisory, and retirement plan assets. The team, founded by experienced financial professionals, aims to enhance their client services through LPL's technology and support. The collaboration is expected to bring added value to their clients and foster a supportive network among independent advisors.
LPL Financial (LPLA) announces that Lynn L. Chen-Zhang from Zhang Financial has received the 2020 Invest in Others Lifetime Achievement Award for her philanthropic contributions, particularly a $55,000 donation to the Western Michigan University Foundation. The award recognizes financial advisors who have significantly impacted nonprofits through long-term dedication. Chen-Zhang, a first-generation immigrant, has served in the financial advisory role for 23 years, focusing on tax planning and employee stock options. Her work exemplifies the positive influence financial advisors can have in their communities.
LPL Financial Holdings Inc. (LPLA) will announce its third quarter financial results on October 29, following the market close. A conference call is scheduled for 5 p.m. ET the same day, available via call-in or webcast. The replay of the call will be accessible until November 19. As a leading independent broker-dealer, LPL Financial provides services to financial advisors and institutions, facilitating wealth management and financial planning across the U.S.
LPL Financial (LPLA) announced the addition of Hendrix Group Financial Services to its broker-dealer and corporate RIA platforms, managing approximately $180 million in advisory and brokerage assets. The move comes after the Hendrix team departed from Securities Service Network after 32 years, seeking a stable partner. Brad Hendrix Sr. highlighted LPL's integrated technology, ClientWorks, which enhances client service capabilities. Rich Steinmeier of LPL expressed pride in welcoming this family-run business, emphasizing their commitment to supporting enduring client relationships.
LPL Financial (LPLA) recently welcomed Hendrix Group Financial Services to its broker-dealer and corporate RIA platforms. The firm, based in Birmingham, Alabama, has approximately $180 million in advisory and brokerage assets. After 32 years with their previous broker-dealer, the Hendrix team sought a stable partner, finding it with LPL. They praised LPL's integrated technology in ClientWorks, which enhances their service capabilities. This partnership aims to strengthen existing client relationships and improve operational efficiency.
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LPL Financial (LPLA) announces the launch of North Bend Wealth Management by financial advisors Marc DeCicco and Tad M. Wilson. The advisors, with approximately $225 million in assets under management, transition from Wells Fargo Advisors. By leveraging LPL's Strategic Wealth Services, they gain access to advanced technology and personalized support for their independent practice. Their client-centric approach emphasizes holistic financial planning and long-term relationships. The practice is named after a local state park symbolizing their commitment to guiding clients through critical financial decisions.