reports
LPL Financial Welcomes Journey Financial
LPL Financial Welcomes Journey Financial SAN DIEGO, May 01, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Timothy J. Heisterkamp, CFP®, and Max Neese, CFP® have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $200 million in advisory, brokerage and retirement plan assets* and join LPL from Cambridge. Heisterkamp, an advisor since 1998, built the Jefferson, Iowa-based practice from the ground up after an initial career as a high school economics teacher. Neese's entry into the financial services sector was insp...
LPL Financial Announces First Quarter 2024 Results
LPL Financial Announces First Quarter 2024 Results Key Financial Results Net Income was $289 million, translating to diluted earnings per share ("EPS") of $3.83, down 10% from a year agoAdjusted EPS* decreased 6% year-over-year to $4.21 Gross profit* increased 5% year-over-year to $1,066 millionCore G&A* increased 11% year-over-year to $364 millionAdjusted EBITDA* decreased 5% year-over-year to $541 million Key Business Results Total advisory and brokerage assets increased 23% year-over-year to $1.44 trillion Advisory assets increased 28% year-over-year to $793 billionAdv...
LPL Financial Welcomes Strategic Wealth Partners
LPL Financial Welcomes Strategic Wealth Partners SAN DIEGO, April 29, 2024 (GLOBE NEWSWIRE) -- announced today that the advisors at Strategic Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The team reported serving approximately $860 million in advisory, brokerage and retirement plan assets* and joins LPL from Lincoln Financial. With 25 years of financial planning experience, Strategic Wealth Partners owner Ryan Rayburn, CFP®, occupied various leadership, recruitment and mentorship roles throughout his career before stepping back to work more clo...
LPL Financial Welcomes Hickory Ridge Wealth Partners
LPL Financial Welcomes Hickory Ridge Wealth Partners SAN DIEGO , April 25, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisor Justin Souma, CFP®, AAMS®, has returned to LPL Financial’s broker-dealer, RIA and custodial platforms. He reported serving approximately $190 million in advisory, brokerage and retirement plan assets* and joins LPL from Benjamin F. Edwards & Co. With the move, Souma launches Hickory Ridge Wealth Advisors, a new independent practice in Highlands, N.C., where he provides comprehensive investment planning and wealth management for individuals, multige...
LPL and Momentum Wealth Partners Welcome Sussex Wealth Partners
LPL and Momentum Wealth Partners Welcome Sussex Wealth Partners SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Chris Mukoda, Brad Travis, Jr., CFP®, and David Crouse have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligning with , an existing firm supporting LPL-affiliated advisors. They reported serving approximately $415 million in advisory, brokerage and retirement plan assets*, and join LPL from PNC Investments. With the move, the team – which shares more than 75 years of combined financial services experience – launche...
Heritage Private Wealth launches with support from LPL Strategic Wealt...
Heritage Private Wealth launches with support from LPL Strategic Wealth Services SAN DIEGO, April 22, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisor Clayton Ortloff has launched a new independent practice, , through affiliation with LPL Financial’s supported independence model, . He reported having served approximately $820 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch. Based in Midland, Texas, the father of three is a third generation Midlander with deep ties to the community. Ortloff started his career in financial service...
LPL Financial Welcomes Spotlight Financial
LPL Financial Welcomes Spotlight Financial SAN DIEGO, April 18, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Alejandro “Alex” De Leon and Robert “Bob” Gorman have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported having served approximately $200 million in advisory, brokerage and retirement plan assets*, and join LPL from Wells Fargo Advisors. Headquartered in Corpus Christi, Texas, De Leon and Gorman were colleagues in the same office for years before deciding to team up to start their own independent practice. After more than a year...
LPL Financial Welcomes Legacy Retirement Planning
LPL Financial Welcomes Legacy Retirement Planning SAN DIEGO, April 17, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisor Phil Eggers of Legacy Retirement Planning has joined LPL Financial’s broker-dealer, RIA and custodial platforms. He reported serving approximately $170 million in advisory, brokerage and retirement plan assets* and joins LPL from Raymond James. Based in Plano, Texas, Eggers began his career as a financial advisor in 1990 and considers it an honor to manage the wealth for approximately 300 families. He works alongside of Operations Manager Matthew Ford,...
LPL Financial Welcomes Advisor Philip Nation
LPL Financial Welcomes Advisor Philip Nation SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisor Philip Nation, CFP®, ChFC™, CLU®, has joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Founders Financial Alliance. He reported serving approximately $170 million in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise Financial. The Raleigh, N.C.- based advisor started his career in 1987, offering everything from insurance to education planning to debt management. Over the years as his cli...
LPL Financial Welcomes Strategic Insights Financial Planning Group
LPL Financial Welcomes Strategic Insights Financial Planning Group SAN DIEGO, April 11, 2024 (GLOBE NEWSWIRE) -- announced today that Strategic Insights Financial Planning Group has joined LPL Financial’s broker-dealer, RIA and custodial platforms. The team of five advisors reported serving approximately $500 million in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise Financial. Founded in 1986 by Arthur Hughes CFP®, the McAllen, Texas-based team includes managing partners James Credo CFP®, and James Enriquez MST, EA, CFP®, along with fellow advisors Alexis ...
LPL Financial Welcomes Somnio Wealth
LPL Financial Welcomes Somnio Wealth SAN DIEGO, April 10, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Greg Mullaney, CFP®, Colleen Kelly Abate, CFP® and Peter Pagano have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $300 million in advisory, brokerage and retirement plan assets*, and join LPL from Ameriprise Financial. With the move they launch , an independent financial practice based in Louisville, Ky. The name of the firm – a nod to the Latin word “to dream” – paired with the company colors of red, white...
LPL Financial Releases 2024 Sustainability Report
LPL Financial Releases 2024 Sustainability Report SAN DIEGO, April 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of , today announced the release of its 2024 Sustainability Report. The report details the Company’s progress toward its environmental, social and governance (ESG) goals in key focus areas that guide LPL’s approach to sustainability, responsible business, people and culture, societal impact and environmental stewardship. Highlights from this year’s report include: The LPL Financial Charitable Foundation was...
LPL Financial Announces First Quarter 2024 Earnings Release Date and C...
LPL Financial Announces First Quarter 2024 Earnings Release Date and Conference Call SAN DIEGO, April 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. () (the “Company”), the parent corporation of LLC, announced today it will report first quarter financial results after the market closes on April 30. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible and available for replay at . Contacts Investor Relations Media Relations About LPL Financial LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded ...
MG Partners Private Wealth launches with support from LPL Strategic We...
MG Partners Private Wealth launches with support from LPL Strategic Wealth Services SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Christopher “Noah” Geoghegan, CTFA, and Tomohiko “Tom” Minami, CFP®, CFA®, have launched a new independent practice, MG Partners Private Wealth, through affiliation with LPL Financial’s supported independence model, . They reported having served approximately $435 million in advisory, brokerage and retirement plan assets* and join LPL from Truist. With more than 50 years of combined experience in the high-net-worth spac...
LPL Financial Welcomes Advisor Matthew Edwards
LPL Financial Welcomes Advisor Matthew Edwards SAN DIEGO, April 02, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisor Matthew Edwards has joined LPL Financial’s broker-dealer, RIA and custodial platforms. He reported serving approximately $210 million in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise. Based in Sarasota, Fla., Edwards started his career in 1999 as an intern at his prior practice, working his way up through various roles before becoming a financial advisor. With a focus on multigenerational planning and the LGBTQ+ community, he...
LPL Financial Welcomes Windward Wealth Advisors
LPL Financial Welcomes Windward Wealth Advisors SAN DIEGO, March 28, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Erick Simonds, CRC®, Eugene Sninski, II, and Lisa Sninski have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $250 million in advisory, brokerage and retirement plan assets* and join LPL from Wells Fargo Advisors. Based in Brick, N.J., Erick and Eugene have worked together as a team for approximately 17 years, with Lisa (Eugene’s sister) joining three years ago. All three have deep ties to the commun...
- Valens Research
Valens Credit Weekly Insights - 2024 02 27
LPL Financial (LPLA) has created a powerful platform to empower independent and smaller scale wealth advisors to compete with the big players like Merrill Lynch and Morgan Stanley. Uniform Accounting highlights the company's operational improvements that the market is missing, indicating equity upside.• LPL has reformulated the value proposition of being an independent RIA with its asset-light advisor platform. Uniform ROA has expanded to new peaks above 20%, which is sustainable going forward. ...
Grafton Wealth Advisors launches with support from LPL Strategic Wealt...
Grafton Wealth Advisors launches with support from LPL Strategic Wealth Services SAN DIEGO, March 25, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Sarah Grafton, William “Will” Grafton IV, CFP®, CEPA® and Dexter Grafton, CPFA™, CFA® have launched a new independent practice, , through affiliation with LPL Financial’s supported independence model, . They reported having served approximately $580 million in advisory, brokerage and retirement plan assets* and join LPL from Merrill Lynch. Based in Winter Park, Fla., the three siblings are proud to continue the legacy of...
LPL Financial Reports Monthly Activity for February 2024
LPL Financial Reports Monthly Activity for February 2024 SAN DIEGO, March 21, 2024 (GLOBE NEWSWIRE) -- LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. () (the “Company”), today released its monthly activity report for February 2024. Total advisory and brokerage assets at the end of February were $1.40 trillion, an increase of $41.5 billion, or 3.0%, compared to the end of January 2024. Total net new assets for February were $6.8 billion, translating to a 6.0% annualized growth rate. Total net new advisory assets were $6.4 billion, translating to a 10.4% ...
LPL Financial Welcomes Advisor Nolan Venable
LPL Financial Welcomes Advisor Nolan Venable SAN DIEGO, March 21, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisor Nolan Venable, Enrolled Agent has joined LPL Financial’s broker-dealer, RIA and custodial platforms. He reported serving approximately $150 million in advisory, brokerage and retirement plan assets* and joins LPL from Osaic. Venable has been an independent advisor his entire career, founding Wealth Advisors in 1984 with a goal of helping clients with each aspect of their financial lives. His Lafayette, La.-based team takes a holistic approach to wealth manage...
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