reports
LPL Financial Reports Monthly Activity for October 2024
LPL Financial Reports Monthly Activity for October 2024 SAN DIEGO, Nov. 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 October 2024. Total advisory and brokerage assets at the end of October were $1.67 trillion, an increase of $81.2 billion, or 5.1%, compared to the end of September 2024. Total net new assets for October were $96.6 billion, which included $88.0 billion of acquired net new assets resulting from the acquisition of Atria Wealth Solutions, Inc. (...
LPL Financial Welcomes Strata Financial Group
LPL Financial Welcomes Strata Financial Group SAN DIEGO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- , announced today that financial advisors Anthony “Tony” Campagni, CFP®, Ronald Jurczynski, CPA/PFS™, Mitchell Romeo, CPWA®, CPFA®, Kyle Hancharick, CFP®, and Dominic Elmo of Ohio-based have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported serving more than $350 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Strata Financial Group was founded in 1998 by Campagni and the late Rino Romeo — Mitchell Romeo’s uncle...
Prudential Financial Completes Integration with LPL Financial Platform...
Prudential Financial Completes Integration with LPL Financial Platform, Delivering Experience Upgrade for its Retail Arm, Prudential Advisors NEWARK, N.J. and SAN DIEGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Prudential Advisors, the retail arm of (NYSE: PRU) and (Nasdaq: LPLA) finalized today the launch of their strategic relationship, first announced in August 2023. This first-of-its-kind relationship between Prudential and LPL enhances the client and financial advisor experience, expands advisor offerings and will accelerate growth opportunities for both firms. Following the...
LPL Financial Welcomes Prosperity Investment Management
LPL Financial Welcomes Prosperity Investment Management SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- , announced today that the financial advisors at Prosperity Investment Management have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported having approximately $140 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. Based in a renovated historic building in downtown Chico, Calif., Prosperity Investment Management was founded by seasoned financial advisor Robert “Rob” B. Anderson, CFP®. His son, RJ Anderson, CPA, joined the busi...
LPL Financial Hosts Program Leadership Conference for Top Bank and Cre...
LPL Financial Hosts Program Leadership Conference for Top Bank and Credit Union Program Executives LPL executives share insight and support to help drive institution success NEW ORLEANS, Nov. 13, 2024 (GLOBE NEWSWIRE) -- hosted its annual conference for bank and credit union program managers who run their financial institutions’ wealth management practices. Attended by more than 150 clients of LPL’s Institution Services business, the conference fosters innovation and collaboration among wealth management leaders. “To further enhance stakeholder value, banks and credit unions increasin...
LPL Financial Welcomes Financial Advisors Ryan Kirby, Michael Alvarez
LPL Financial Welcomes Financial Advisors Ryan Kirby, Michael Alvarez SAN DIEGO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- , announced today that financial advisors Ryan Kirby, CFP®, and Michael Alvarez have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm (Seapoint). Kirby and Alvarez reported serving approximately $540 million in advisory, brokerage and retirement plan assets,* and they join LPL from U.S. Bank. Based in San Diego, Kirby and Alvarez are longtime colleagues who built their practices on the foundation of personal connections and a com...
LPL Financial Launches Curated AI Solutions for Advisors
LPL Financial Launches Curated AI Solutions for Advisors SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- , a leader in the wealth management industry, is helping its advisors spend more time on what matters with the launch of a curated program – AI Advisor Solutions – designed to help advisors maximize their days, deliver bespoke client experiences, and leverage data to provide more sophisticated and personalized financial advice. Nearly a third of financial advisors say they do not have enough time to spend with clients, according to . Advancements in the automation of repetitive activitie...
LPL Financial Foundation Awards Over $1 Million to Support Enhancing D...
LPL Financial Foundation Awards Over $1 Million to Support Enhancing Diversity in Wealth Management American College of Financial Services, CFP Board, Girls Who Invest and Greenwood Project selected to receive 2024-2025 grants SAN DIEGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The LPL Financial Charitable Foundation, (the “LPL Financial Foundation” or “Foundation”), ’s philanthropic arm, today announced its 2024-2025 grant recipients who will receive a combined total of more than $1 million. Over the last four years, the LPL Financial Foundation has contributed more than $2.5 million to organ...
LPL Financial Welcomes Nexus Wealth Partners
LPL Financial Welcomes Nexus Wealth Partners SAN DIEGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- , announced today that the financial advisors at Nexus Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $410 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Westlake Village, Calif., the team is led by managing partners Scott D. Nelson, CFP®, MBA, and Kamie Abraham, CFP®, MBA, and includes four support staff members. For 18 years, Nelson has assisted business owners, corporat...
LPL Financial Welcomes S&G Wealth Partners
LPL Financial Welcomes S&G Wealth Partners SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- , announced today that the financial advisors at have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $165 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Tempe, Ariz., the firm is led by financial advisors Scott Garber and Marcus Seiter, with support from Nicole Kennedy, who will become a partner in January. The advisors each have more than 20 years of experience in the financial services in...
LPL Financial Welcomes GWC Financial Advisors to Linsco Channel
LPL Financial Welcomes GWC Financial Advisors to Linsco Channel SAN DIEGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: LPLA), announced today that financial advisor Michael Bernier, CFP®, AIF®, has joined LPL’s employee advisor channel, , to launch GWC Financial Advisors. He reported serving approximately $165 million in advisory, brokerage and retirement plan assets* and joins LPL from Canter Wealth. He will operate from the Linsco office in San Diego. With more than 20 years of experience in wealth management, Bernier helps clients work toward their goals using meticulous finan...
LPL Financial Announces Third Quarter 2024 Results
LPL Financial Announces Third Quarter 2024 Results Key Financial Results Net Income was $255 million, translating to diluted earnings per share ("EPS") of $3.39, up 16% from a year agoAdjusted EPS* increased 11% year-over-year to $4.16 Gross profit* increased 12% year-over-year to $1,128 millionCore G&A* increased 5% year-over-year to $359 million Adjusted EBITDA* increased 12% year-over-year to $566 million Key Business Results Total advisory and brokerage assets increased 29% year-over-year to $1.6 trillion Advisory assets increased 35% year-over-year to $892 billionAdvisory assets a...
LPL Financial Welcomes Goodwin Petrilli Financial
LPL Financial Welcomes Goodwin Petrilli Financial SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Randy Petrilli, Matt Goodwin, Travis Whitaker and Jeff McWhorter of Goodwin Petrilli Financial have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported having approximately $205 million in advisory, brokerage and retirement plan assets*. They join LPL from Cambridge Investment Research. Based in Fort Collins, Co., the firm was founded in 1992 by Harry Goodwin, Matt’s father, who retired last year after serving clients...
LPL Financial Welcomes Dougherty, Tedesco & Associates
LPL Financial Welcomes Dougherty, Tedesco & Associates SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- , announced today that the financial advisors at Dougherty, Tedesco & Associates have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $800 million in advisory, brokerage and retirement plan assets,* and join LPL from Osaic. Founded in the early 1980s by Charlotte Dougherty, CFP®, the business has evolved over the years to into a holistic wealth management firm and cornerstone of the greater Cincinnati area. Now under the leadership of ...
LPL Financial Welcomes Financial Advisor William Fenwick
LPL Financial Welcomes Financial Advisor William Fenwick SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- , announced today that financial advisor William “Bill” Fenwick of Fenwick Financial 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 First Kentucky Securities. Based in Louisville, Ky., Fenwick is a retired U.S. Marine Corps officer with 38 years of experience in the financial services industry. He believes his military experience, coupled with his ...
Rich Steinmeier Named Chief Executive Officer of LPL Financial; Electe...
Rich Steinmeier Named Chief Executive Officer of LPL Financial; Elected to Board of Directors Matt Audette Named President; Expands Current CFO Role SAN DIEGO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: LPLA) today announced that the Board of Directors has confirmed Rich Steinmeier as Chief Executive Officer. Steinmeier, who had been interim CEO since October 1, was also elected a member of the Board. In addition, the Board named Matt Audette as President and Chief Financial Officer, expanding his previous role as Chief Financial Officer and Head of Business Operations. The appoint...
LPL Financial Welcomes Eight Financial Advisors in Florida
LPL Financial Welcomes Eight Financial Advisors in Florida SAN DIEGO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- , announced today that a group of advisors in St. Petersburg, Fla., have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported having served approximately $450 million in advisory and brokerage assets* and join LPL from Raymond James. Financial advisors Michael Collins, Jim Spicer, Ryan Roy, Gary Hummel, Robert Torris, David Zaccagnino, Steven Laesser and Mark Wolf, along with his son Logan Wolf, a registered assistant, operate independently while leveragin...
LPL Financial Welcomes Financial Advisor Ashton Medina
LPL Financial Welcomes Financial Advisor Ashton Medina SAN DIEGO, Oct. 14, 2024 (GLOBE NEWSWIRE) -- , announced today that financial advisor Ashton Medina, CFA®, CFP®, has joined LPL Financial’s broker-dealer and corporate RIA platforms, aligning with existing firm GradePoint Financial Group. He reported having served approximately $155 million in advisory, brokerage and retirement plan assets* and joins LPL from Synovus Securities. Based in Miami, Fla., Medina is in his fifth year as an advisor following an initial career as a portfolio manager at a private bank. He’s committed to deliv...
LPL Financial Announces Third Quarter 2024 Earnings Release Date and C...
LPL Financial Announces Third Quarter 2024 Earnings Release Date and Conference Call SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. () (the “Company”), the parent corporation of LLC, announced today it will report third quarter financial results after the market closes on Wednesday, October 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) wa...
Air Capital Wealth Management Launches with LPL Financial
Air Capital Wealth Management Launches with LPL Financial SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- (Nasdaq:LPLA) announced today that financial advisors Michael Caffrey, CRPC®, Derek Keller, CFP®, CPFA®, CRPC®, MBA, and Gabriel Parham have launched a new independent practice, Air Capital Wealth Management, through affiliation with , a supported independence model. The team reported having served approximately $685 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch. Based in Wichita, Kan., known as the Air Capital of the World, the advisors ar...
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