SAN DIEGO, July 23, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of Williams Tax & Financial Services have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. They reported serving approximately $340 million in advisory, brokerage and retirement plan assets* and join LPL from Cetera.
Based in Los Alamitos, Calif., Williams Tax & Financial Services is led by Steve Williams, CFP®, Enrolled Agent (EA). Williams is a second-generation financial advisor with nearly four decades of experience helping clients navigate complex financial decisions. He is joined by team members Jobel Rentino, EA, and Kirk Hunter.
A defining aspect of Williams Tax & Financial Services is its fully integrated model. The firm offers a streamlined, one-stop experience designed to help simplify clients’ financial lives. The practice remains family-oriented, with deep roots in the community and a legacy that began with Williams’ father, who originally founded a tax business.
Williams takes a holistic approach to advice, combining multiple disciplines to deliver a more complete financial picture. His process emphasizes simplicity and clarity, helping clients understand their projected income in retirement through streamlined, personalized planning. He also prioritizes building strong relationships, often taking time to understand clients’ personal circumstances before discussing financial strategies.
“Throughout my career, I’ve believed that financial advice should be both personal and practical,” Williams said. “We aim to give clients a clearer understanding of where they stand today and what they can expect in the future.”
<h3> Why Williams Tax & Financial Services Chose LPL
Williams selected LPL for its scale, independence and enhanced technology capabilities, which he believes will improve the client experience.
“I wanted a platform that allows me to remain independent and make decisions in my clients’ best interests, without being tied to specific products,” Williams said. “LPL’s technology and client-facing tools provide a more robust and transparent experience, helping clients better understand and manage their financial lives.”
Marc Cohen, chief growth officer at LPL Financial, said, “We are pleased to welcome Steve to LPL. His commitment to delivering personalized financial guidance, combined with his client-focused approach, aligns with LPL’s purpose to support advisors with the flexibility and capabilities they need to provide personalized advice. We look forward to supporting Steve and his team as they continue to grow and serve their clients.”
Outside of the office, Williams enjoys staying active and engaged in his community. He is an avid surfer and soccer player, frequently coaches youth sports and is actively involved in his church. He lives in San Clemente, Calif., with his wife and four children.
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Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Williams Tax & Financial Services and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
Wall Street expects a year-over-year increase in earnings on higher revenues when LPL Financial Holdings Inc. (LPLA - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $5.39 per share in its upcoming report, which represents a year-over-year change of +19.5%.
Revenues are expected to be $5.03 billion, up 34.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.63% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for LPL Financial?For LPL Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.27%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that LPL Financial will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that LPL Financial would post earnings of $5.49 per share when it actually produced earnings of $5.60, delivering a surprise of +2.00%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
LPL Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerEvercore (EVR - Free Report) , another stock in the Zacks Financial - Investment Bank industry, is expected to report earnings per share of $3.02 for the quarter ended June 2026. This estimate points to a year-over-year change of +24.8%. Revenues for the quarter are expected to be $993.52 million, up 18.4% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Evercore has remained unchanged. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Evercore will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
SAN DIEGO, July 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors John Bizjack and Brian Bizjack have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform, aligned with Ascendus Financial Advisors, an existing firm supporting LPL-affiliated advisors. They reported serving approximately $145 million in advisory, brokerage and retirement plan assets* and join LPL from Morgan Stanley.
Cantillon Capital Management LLC trimmed its position in LPL Financial Holdings Inc. (NASDAQ:LPLA – Free Report) by 12.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,927 shares of the financial services provider’s stock after selling 44,141 shares during the quarter. Cantillon Capital Management LLC owned 0.41% of LPL Financial worth $97,748,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of LPL Financial by 42.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,525 shares of the financial services provider’s stock valued at $1,153,000 after buying an additional 1,055 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of LPL Financial by 0.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 209,126 shares of the financial services provider’s stock valued at $68,414,000 after acquiring an additional 1,089 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of LPL Financial during the 1st quarter valued at about $1,636,000. Focus Partners Wealth increased its stake in LPL Financial by 12.2% in the first quarter. Focus Partners Wealth now owns 4,360 shares of the financial services provider’s stock valued at $1,426,000 after acquiring an additional 473 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in LPL Financial in the first quarter valued at about $121,000. 95.66% of the stock is owned by institutional investors.
LPL Financial Price Performance NASDAQ:LPLA opened at $324.90 on Monday. The firm has a market cap of $25.99 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 0.63 and a beta of 0.50. LPL Financial Holdings Inc. has a 12 month low of $260.15 and a 12 month high of $403.58. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $293.42 and its two-hundred day moving average price is $317.96.
LPL Financial (NASDAQ:LPLA – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.49 by $0.11. LPL Financial had a net margin of 4.93% and a return on equity of 31.26%. The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the prior year, the firm earned $5.15 earnings per share. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, equities analysts anticipate that LPL Financial Holdings Inc. will post 23.38 EPS for the current fiscal year.
LPL Financial Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. LPL Financial’s dividend payout ratio is 10.71%.
Wall Street Analyst Weigh In A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of LPL Financial from $374.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. William Blair reiterated an “outperform” rating on shares of LPL Financial in a research note on Thursday, June 4th. Keefe, Bruyette & Woods started coverage on LPL Financial in a research report on Wednesday, April 8th. They set an “outperform” rating and a $350.00 target price for the company. TD Cowen decreased their price target on LPL Financial from $330.00 to $326.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, UBS Group decreased their price target on LPL Financial from $395.00 to $391.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LPL Financial presently has an average rating of “Moderate Buy” and a consensus target price of $397.92.
Check Out Our Latest Report on LPL Financial
Insider Buying and Selling In related news, Director Aneri Jambusaria sold 308 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $306.00, for a total transaction of $94,248.00. Following the completion of the sale, the director directly owned 6,415 shares of the company’s stock, valued at $1,962,990. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.
LPL Financial Company Profile (Free Report)
LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.
The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.
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July 16, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, July 16, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Alan Feutz, CFP®, has joined Genesis Wealth, an LPL-aligned wealth management firm, through LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platforms. Feutz reported serving approximately $725 million in advisory, brokerage and retirement plan assets* and joins from J.P. Morgan.
Based outside of Chicago in Deerfield, Ill., Feutz brings more than two decades of industry experience and works primarily with individuals and families who are approaching or living in retirement. His practice emphasizes comprehensive wealth management, including retirement planning, tax-aware strategies, legacy planning and multigenerational wealth conversations.
Having developed an early interest in investing and the financial markets, Feutz entered the industry shortly after college and built a practice centered on personalized advice and meaningful client relationships. He takes a comprehensive approach to financial planning while also helping clients navigate market dynamics and recommending investment decisions tailored to their individual goals and preferences.
“When I meet with a new client, I want to understand the full picture — not just their finances, but what's important to them and how they want to work together,” Feutz said. “By getting to know clients on a deeper level and collaborating with the other professionals in their lives, we can build strategies that are customized to their unique goals and comfort level.”
Feutz believes exceptional service begins with treating every client like family. His high-touch approach is focused on earning trust, delivering personalized guidance and helping clients feel confident about their financial future.
Why Alan Feutz Chose LPL and Genesis Wealth
Feutz joined Genesis Wealth to gain greater flexibility in serving a focused group of households while benefiting from the resources of an established firm and the capabilities of LPL. He was particularly drawn to LPL's scale, stability and long-standing reputation, as well as the opportunity to customize the client experience.
“Coming from a bank environment, the safety and security of client assets were extremely important considerations,” Feutz said. “LPL’s history, scale and operational strength give me confidence, while Genesis Wealth provides an environment that allows me to spend more time with clients and deliver a more personalized experience.”
“Alan exemplifies the kind of advisor we are committed to supporting. He has built his practice by putting relationships, thoughtful planning and exceptional service at the center of every client interaction. We are excited to welcome him to Genesis Wealth and look forward to providing the resources, flexibility and collaborative environment that will help him continue delivering an outstanding experience for clients," said Kosta Tanglis, founder and managing parter at Genesis Wealth.
“We are pleased to welcome Alan to LPL through Genesis Wealth,” said Marc Cohen, chief growth officer at LPL Financial. “Alan has built an impressive practice by helping families navigate some of their most important financial decisions, from retirement income to legacy planning. With the combined strength of Genesis Wealth and LPL’s platform, he will have the flexibility, scale, and support to further tailor the experience for his clients while continuing to grow with confidence.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Genesis Wealth and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
July 15, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, July 15, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Buell Wealth Management have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $370 million in advisory, brokerage and retirement plan assets* and joins from Buell Securities Corporation.
Based in Glastonbury, Conn., Buell Wealth Management is led by Chief Executive Officer Chris Berris, who has more than 40 years of industry experience and has served in his leadership role since 1997. His former advisory practice, Buell Securities Corporation, had deep roots dating back to 1921. The five advisors of Buell Wealth Management have 187 years of combined experience and an average of 37 years in the industry.
They have now made the move to join LPL under Buell Wealth Management, where they will continue to serve a diverse client base that includes high-net-worth individuals, retirees and business owners across 21 states.
The practice operates with a collaborative team model, drawing on the group’s extensive tenure and varied experience — including backgrounds at major wirehouses — to provide insights across market sectors and evolving economic conditions. Advisors regularly share knowledge and perspectives to help ensure clients receive comprehensive, well-informed guidance.
“Our approach has always been rooted in listening first and building relationships that last over time,” Berris said. “We take the time to understand each client’s full financial picture and provide personalized guidance that evolves with their needs, helping them work toward their goals with confidence.”
Why Buell Wealth Management Chose LPL
Buell Wealth Management selected LPL for its robust operational infrastructure, enhanced capabilities and comprehensive support model.
“We’ve spent several years evaluating the right long-term solution for our business and our clients,” Berris said. “LPL offers the services, technology and operational support we need to help streamline our business and focus more of our time and energy on serving clients. With LPL handling areas like compliance and back-office operations, we’re well positioned to continue delivering the high level of service our clients expect.”
LPL Chief Growth Officer Marc Cohen said, “We are pleased to welcome Buell Wealth Management to LPL. With a legacy spanning more than a century and a team defined by deep experience and long-standing client relationships, they bring a strong commitment to delivering personalized guidance and multigenerational planning. We look forward to supporting their continued growth with the flexibility, resources and support they need to serve their clients and evolve their business.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Buell Wealth Management and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
July 14, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, July 14, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of HighWater Wealth have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform, aligned with Quotient Advisor Partners, an existing firm supporting LPL-affiliated advisors. The team reported serving approximately $2.4 billion in advisory assets* and joins LPL from U.S. Bank.
Based in San Diego, HighWater Wealth provides multi-generational office services for high-net-worth individuals and families. The team consists of Kristian Forster, Mike Rookus, Falko Hörnicke, CFA®, CFP®, Tim Davidson, CFA®, and Brian Rissman.
HighWater Wealth takes a planning-first approach, beginning with a comprehensive review of each client’s trust and estate structure, balance sheet and cash flow needs. The team then develops proactive, customized investment strategies designed to evolve over time in alignment with each client’s objectives.
“We built HighWater Wealth to deliver a highly personalized, planning-led experience for our clients,” said Rookus, president and founding partner. “Our approach is centered on understanding the full financial picture — from trust and estate considerations to cash flow and long-term objectives — so we can design strategies that are tailored to each family’s needs.”
Why HighWater Wealth Chose LPL and Quotient Advisor Partners
After evaluating multiple options, the HighWater Wealth team chose to affiliate with LPL Financial, supported by Quotient Advisor Partners, for the ability to combine independence, scale and advanced planning capabilities.
“With LPL and the support of Quotient Advisor Partners, we have the flexibility, tools and infrastructure to deliver a more comprehensive, multi-generational approach,” said Forster, president and chief executive officer. “The platform’s open architecture, research capabilities and scale — along with the ability to move quickly — allow us to provide a high-touch, ‘white glove’ experience backed by a robust platform. This enables us to fully customize solutions for each client’s unique needs.”
The team also cited the importance of advanced planning resources, including trust and estate capabilities, as well as the ability to access a broader range of investment solutions and research to support active portfolio management.
"For 25 years, I've been on almost every side of this industry, and what I've learned is that most advisors stay inside large institutions not because they're satisfied, but because going independent feels too risky,” said Ray Lucia Jr., chief executive officer of Quotient Advisor Partners “Everything we do at Quotient exists to change that. We give teams like HighWater Wealth the transition expertise, infrastructure and community to make the move with confidence, and what other firms may not offer: true ownership of their business.”
Marc Cohen, chief growth officer at LPL Financial, said, “We welcome HighWater Wealth to LPL. HighWater has built a remarkable practice distinguished by sophisticated planning and a deep commitment to serving high-net-worth families with highly personalized, multi-generational guidance. Their approach reflects a clear understanding of what clients value most, and we are proud to support their continued success in the years ahead.”
Outside of the office, Forster is active in his community, serving as chairman of the board for the San Diego Film Foundation and volunteering at San Rafael Parish. He lives in San Diego with his wife and three children.
Rookus is also engaged locally and previously served on the YMCA Mission Valley board. He remains actively involved with the Challenge Athletes Foundation and enjoys spending time with his family, as well as biking, skiing and golfing.
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. HighWater Wealth, Quotient Advisor Partners and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
July 09, 2026 16:05 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, July 09, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, announced today it will report second quarter financial results after the market closes on Thursday, July 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 investor.lpl.com/events.
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) and LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisors and broker-dealers. Members FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
SAN DIEGO, July 09, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that its firms earned the #1 and #2 rankings in the JD Power 2026 U.S. Financial Advisor Satisfaction Study in the category of “Independent Advisor Satisfaction Among Financial Investment Firms.” Commonwealth Financial Network, acquired by LPL in 2025, secured its 13th consecutive #1 ranking, while LPL Financial LLC rose to #2 overall.
The results reflect a system intentionally built around advisor success — one that combines Commonwealth’s long-standing model of deeply personalized service with LPL’s scale, innovation and expanding capabilities. Together, the firms represent the top two ranked experiences for independent advisors in the industry.
Commonwealth’s continued recognition underscores the consistency of a model designed around the advisor experience and refined over time to meet evolving needs. In the 2026 study, Commonwealth achieved the highest scores across the majority of key drivers of satisfaction, including compensation, firm leadership and culture, professional development, products and marketing, and operational support.
“These results are a powerful demonstration of our shared commitment to putting advisors at the center of everything we do,” said Rich Steinmeier, CEO of LPL. “Commonwealth’s extraordinary 13-year streak reflects a model built with intention — one that is deeply grounded in service, relationships and advisor partnership. At the same time, LPL’s position as the #2 ranked firm underscores the strength of an advanced technology platform, wide range of affiliation models and extensive wealth management offerings. Together, both organizations create an unmatched environment for advisor success.”
With both firms ranked at the top of the study segment, the combined organization reflects more than parallel achievement; it demonstrates a shared philosophy and aligned purpose. LPL remains committed to preserving the distinct strengths of Commonwealth while investing in expanding choice, flexibility and resources for advisors across the platform.
This approach enables advisors to benefit from a spectrum of affiliation models, integrated wealth management solutions, and a service experience that seeks to support their success and that of their clients. The JD Power 2026 U.S. Financial Advisor Satisfaction Study measures advisor satisfaction across key dimensions including compensation; firm leadership and culture; operational support; products and marketing; professional development; and technology.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
July 08, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, July 08, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Brian Lubel, CFP®, CLU®, ChFC®, has affiliated with LPL Financial’s supported independence model, LPL Independent Advisor Network, to support his existing independent practice, Cypress Point Wealth Partners. He reported serving approximately $175 million in advisory, brokerage and retirement plan assets* and joins LPL from MML Investors Services, a subsidiary of MassMutual.
Based outside Orlando, Fla., Lubel founded Cypress Point Wealth Partners to deliver planning-focused, relationship-driven financial guidance. With a client base that includes business owners and driven professionals, he has built his practice from the ground up, beginning with young professionals and growing through referrals and lasting relationships.
Lubel takes a planning-centric approach, beginning each client relationship with a discovery process designed to understand goals, priorities and overall fit. He emphasizes ongoing engagement and accessibility, tailoring service levels based on individual client needs while maintaining a consistent focus on forward-looking financial planning.
“We pride ourselves on being planning-focused and client-centered,” Lubel said. “Our goal is to build meaningful relationships, understand what matters most to our clients and deliver guidance that supports their long-term financial goals.”
Why Cypress Point Wealth Partners Made the Move to LPL — and Why Now
After a period of due diligence, Lubel chose to affiliate with LPL Independent Advisor Network to strengthen his existing independence while gaining more integrated support aligned with his future vision. Lubel is supported by his team of an associate financial advisor and two client services specialists.
Through LPL Independent Advisor Network, advisors operate within an integrated support model that brings together a connected peer community, experienced guidance and dedicated regional teams. Advisors benefit from hands-on transition execution, growth coaching and consulting across key areas of the business, and ongoing operational, compliance and administrative support — enabling firms to move faster, operate more efficiently and grow on their own terms.
“As my business has grown, I’ve been focused on finding ways to operate more efficiently and better serve my clients,” Lubel said. “LPL’s scale, technology and forward-looking capabilities — particularly in areas like AI and practice management — will help streamline my business and position us for continued growth.”
LPL Chief Growth Officer Marc Cohen, said, “We welcome Brian to LPL. His commitment to planning-focused, client-centered advice aligns with LPL’s purpose to empower advisors with the independence, technology and support they need to run thriving practices. We look forward to supporting Brian and Cypress Point Wealth Partners as they continue to grow.”
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Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
July 07, 2026 08:50 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, July 07, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Doug Haskin, CRPS®, CPFA®, and Jenny Haskin have launched a new independent practice, Haskin Private Wealth Advisors, through affiliation with LPL Financial’s supported independence model, LPL Independent Advisor Network. The advisors oversee approximately $170 million in advisory, brokerage and retirement plan assets* and join LPL from Wells Fargo.
Based in Sacramento, Calif., Doug and Jenny Haskin bring more than two decades of combined industry experience to their practice. Having worked together for approximately six years, the husband-and-wife team serves a diverse client base that includes business owners, retirees, multigenerational families and younger couples seeking guidance on retirement planning and education savings strategies.
Haskin Private Wealth Advisors takes a comprehensive, planning-focused approach to client relationships, emphasizing collaboration, education and ongoing engagement. Through multiple planning conversations and a disciplined process, the team works to develop personalized strategies that evolve with each client’s goals, needs and life stages.
“Our goal is to provide every client with a thoughtful, personalized financial plan, focusing on each client and their needs,” said Doug Haskin. “We take the time to understand the full picture — whether that begins with one account or a broader financial plan — and work alongside our clients to build strategies designed to support their long-term financial goals.”
The firm fosters a collaborative, family-style environment, with Doug and Jenny working closely together to combine analytical insight, planning expertise and clear client communication. Their approach is designed to help clients feel informed, supported and confident throughout the financial planning process while building long-term, trusted relationships.
Outside the office, the Haskins’ strong sense of family extends to their community and personal lives. Jenny & Doug have volunteered for more than 15 years at her children’s community schools. Together, Doug and Jenny have three children currently in college, high school and elementary school.
Why Haskin Private Wealth Advisors Made the Move to LPL — and Why Now
After an extensive period of due diligence, Doug and Jenny chose to affiliate with LPL Independent Advisor Network to transition to full independence while gaining access to integrated support aligned with their long-term vision. The team is also expanding its infrastructure to support future growth and enhance the client experience. They have added Michael Graham to the team. A former banker from Wells Fargo, Michael is joining as a LPL Registered Administrative Associate. They are additionally adding a full-time office administration team member in the coming weeks.
Through LPL Independent Advisor Network, advisors operate within an integrated support model that brings together a connected peer community, experienced guidance and dedicated regional teams. Advisors benefit from hands-on transition execution, growth coaching and consulting across key areas of the business, and ongoing operational, compliance and administrative support — enabling firms to move faster, operate more efficiently and grow on their own terms.
“Moving to independence allows us to focus entirely on our clients without the constraints of sales quotas or proprietary limitations,” said Jenny Haskin. “LPL stood out for its scale, resources and flexibility, giving us the ability to choose the solutions that best serve our clients and grow our business in the way we envision.”
Looking ahead, Haskin Private Wealth Advisors plans to expand its service offerings to include additional financial planning capabilities, further enhancing the value the firm delivers to clients.
Chief Growth Officer Marc Cohen, said, “We welcome Doug and Jenny to LPL. Their commitment to comprehensive planning and building lasting client relationships aligns with LPL’s purpose to empower advisors with the independence, technology and support needed to deliver personalized financial guidance. We look forward to supporting their continued success.”
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Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
July 07, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, July 07, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that David Logsdon has joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. Logsdon reported serving approximately $380 million in advisory, brokerage and retirement plan assets* and joins LPL from Wells Fargo Advisors.
Based in the Sun Valley, Idaho area, Logsdon is the founder of Summit Ridge Financial Advisors and brings 30 years of industry experience serving individuals, families, nonprofit organizations and small businesses across the country. Throughout his career, he has built his business on the belief that financial advice should be as unique as the families he serves, with a focus on understanding each client’s full financial picture and evolving priorities.
The team also includes Wealth Management Client Associate Cecilia Moran. Their clients are often sophisticated investors with complex financial needs, including advanced estate planning considerations, and span more than a dozen states.
The practice is built on a comprehensive, full balance sheet approach that emphasizes transparency and a complete understanding of each client’s financial life. By translating complex objectives into personalized strategies, Logsdon aims to deliver tailored solutions that not only address today’s needs but also help preserve and manage clients’ long-term prosperity.
“I’ve always believed that effective wealth management starts with gaining a full understanding of a client’s financial picture and translating that into strategies that align with their goals,” Logsdon said. “By taking a comprehensive approach and focusing on each client’s unique situation, I’m able to deliver tailored guidance that evolves alongside their needs and supports their long-term journey.”
Why David Logsdon Chose LPL
Logsdon selected LPL for its robust technology, expanded resources and commitment to independence, which he believes will enhance his ability to serve clients with increasingly complex needs.
“In today’s rapidly evolving wealth management landscape, it’s critical to partner with a firm that can deliver advanced technology, resources and comprehensive guidance,” Logsdon said. “LPL’s scale, combined with its commitment to independence and open architecture, ensures I can provide personalized advice while leveraging sophisticated tools and specialized expertise. Their continued investment in technology, cybersecurity and innovation further enhances my ability to deliver comprehensive and highly personalized strategies for my clients.”
Marc Cohen, chief growth officer at LPL Financial, said, “We’re thrilled to welcome David to LPL. With 30 years of experience and a deep commitment to understanding each client’s full financial picture, David exemplifies the kind of comprehensive, client-first advice that LPL was built to support. We’re excited to help him build on that foundation as he grows his practice.”
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Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Summit Ridge Financial Advisors and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
SAN DIEGO, July 07, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC today released its Midyear Outlook 2026: Policy, Buildouts and Bottlenecks. Setting the tone for the second half of the year, the report provides a comprehensive analysis of the economic and market environment and outlines key considerations for investors navigating an increasingly policy-driven and complex landscape.
The Midyear Outlook underscores how markets are being shaped by the interaction of policy decisions, geopolitical developments and the ongoing evolution of artificial intelligence (AI). As the year progresses, the report highlights how resilient corporate earnings, moderating but positive economic growth, and persistent uncertainty across global markets are likely to define the investment backdrop.
“Policy is once again front and center for markets,” said LPL Chief Investment Officer Marc Zabicki. “From U.S. midterm elections to changes at the Federal Reserve, investors will need to carefully assess how evolving policy dynamics influence economic outcomes, market volatility and portfolio positioning.”
The report’s base case calls for economic growth to stabilize but remain positive through the second half of 2026, supported by strong business investment even as housing and other rate-sensitive sectors remain challenged. Inflation is expected to ease modestly if geopolitical pressures subside, while unemployment may edge higher but remain historically low.
Against this backdrop, the Midyear Outlook suggests that equities can continue to advance, though gains may be modest and accompanied by increased volatility. Strong AI-driven earnings growth and an improving macro environment are expected to support stocks, but geopolitical developments and the pace of AI monetization will likely influence the depth and frequency of market pullbacks.
At the same time, fixed income markets are expected to remain influenced by persistent inflation and a Federal Reserve that may stay on hold for longer. Treasury yields are projected to stay range-bound, with returns driven primarily by income opportunities rather than price appreciation.
The report emphasizes that, in this environment, diversified portfolios that incorporate equities, fixed income and alternative investments may be best positioned to navigate ongoing uncertainty and capitalize on emerging opportunities.
Key Highlights from the Midyear Outlook 2026
Policy, Geopolitics and Market Volatility:
Policy developments — including U.S. midterm elections, evolving trade dynamics and leadership changes at the Federal Reserve — are expected to be major drivers of market performance in the second half. These forces may increase volatility but also create opportunities as uncertainty resolves.
The State of the U.S. Economy and Potential Risks:
Economic growth is projected to moderate but remain positive, supported by strong business investment tied to AI and structural capital spending. Inflation may gradually cool, while unemployment trends modestly higher, reflecting a slower but still resilient labor market.
Investment Strategies in a Changing Market Environment:
Equity markets are expected to post modest gains as earnings growth — particularly from AI-related investment — continues to provide support. However, elevated valuations, geopolitical risks and policy uncertainty could lead to periodic pullbacks, making diversification and selectivity essential.
Fixed Income and Income Opportunities:
With Treasury yields expected to remain range-bound and the Federal Reserve maintaining a cautious stance, bond returns may be driven largely by income. High-quality fixed income, including core bond sectors, is favored for stability and income generation.
Portfolio Construction and Diversification:
In an environment defined by policy uncertainty, structural change and market dispersion, diversified portfolios — including allocations to alternatives — are increasingly important for enhancing resilience and capturing opportunities across asset classes.
The Midyear Outlook also identifies four key themes likely to shape markets in the months ahead: U.S. midterm elections, the rise of resource nationalism, the transition of AI from buildout to monetization and the challenges facing a new Federal Reserve chair navigating a complex inflation environment.
“There’s still a constructive backdrop for risk assets, but it may come with a bumpier ride,” Zabicki added. “We believe investors should focus on staying balanced, maintaining diversification and positioning portfolios to adapt quickly as market leadership and policy dynamics evolve.”
Important Disclosures
Please see the LPL Financial Research Midyear Outlook 2026 for additional description and disclosure.
The opinions, statements and forecasts presented herein are general information only and are not intended to provide specific investment advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, please consult your financial professional prior to investing.
Any forward-looking statements including the economic forecasts may not develop as predicted and are subject to change based on future market and other conditions.
All indexes are unmanaged and cannot be invested into directly.
All performance referenced is historical and is not a guarantee of future results.
Investing involves risk including the loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
June 30, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 30, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Wayne McCormick, CFP®, CHFC® has joined Linsco by LPL Financial to launch McCormick Private Wealth. He reported serving approximately $340 million in advisory, brokerage and retirement plan assets* and joins LPL from Steward Partners.
Based in Manchester, N.H., the McCormick Private Wealth team also includes Michelle Lauder, CFP® and Bo Denniston. They serve individuals and families navigating some of life’s most important financial decisions, including those approaching or living in retirement. The practice also supports multigenerational relationships, working with clients who are building wealth, growing their families, and planning for long-term financial responsibility and legacy.
McCormick brings 30 years of financial services experience, with a background in lending, credit, retirement planning, and insurance, and has spent the past 16 years helping clients as a financial advisor. His approach is rooted in a belief that financial advice should be both highly personal and grounded in long-term relationships.
“At the center of our work is trust,” McCormick said. “When clients choose to work with us, they are placing confidence in the guidance we provide, and we take that responsibility seriously. Our role is to simplify complexity, provide meaningful insight and help clients make thoughtful decisions that align with what matters most to them.”
As a planning-first practice, McCormick Private Wealth is focused on understanding each client’s goals, concerns and vision for the future before developing tailored strategies to support them. The firm emphasizes clarity and relevance, helping clients navigate an increasingly complex financial landscape with confidence and purpose.
Why McCormick Private Wealth Chose LPL
After an extensive due diligence process, McCormick selected LPL for its combination of independence, integrated technology and institutional support.
“What stood out was the ability to combine a seamless technology experience with the flexibility to choose the solutions that best serve our clients,” McCormick said. “That efficiency allows us to spend more time focused on relationships and planning, while maintaining the independence of a boutique practice backed by the resources of an industry leader.”
LPL Chief Growth Officer Marc Cohen said, “We are pleased to support Wayne McCormick as he launches his independent practice with our Linsco model. His commitment to building trusted relationships and delivering thoughtful, planning-focused advice aligns with LPL’s purpose to support advisors with the technology, resources and flexibility they need to serve clients effectively. We look forward to supporting his continued success.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
On June 26, 2026, LPL Financial Holdings Inc LPLA shares fell 3.1% to a current price of $268.86. The stock has experienced a challenging year, with a 52-week high of $403.58 and a low of $260.15, reflecting significant volatility and investor sentiment. The recent decline in share price underscores a broader downward trend observed over the past year, where LPLA has lost 26.0% of its value.
GF Value™ verdict: LPLA's current price is $268.86, which is 41.8% below the GF Value™ estimate of $461.79, indicating a significant undervaluation.GF Score™: With a score of 82/100, LPLA is rated as strong, suggesting potential for solid long-term returns.Most notable signal: Insider activity has shown a slight negative trend, with insiders selling $0.6M in shares over the last three months, indicating a lack of buying interest. Is LPLA Overvalued or Undervalued? LPL Financial Holdings Inc is currently trading at $268.86, which significantly deviates from its GF Value™ of $461.79. This positions the stock as 41.8% undervalued, suggesting a margin of safety for potential investors. The GF Valuation label categorizes LPLA as "Significantly Undervalued," indicating a compelling opportunity if the company can maintain or improve its operational performance. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
However, while the undervaluation presents an attractive opportunity, it is essential to consider the broader market context and potential risks. Factors such as the declining stock price and the recent insider selling may reflect underlying issues that could impact future performance. Investors should weigh these risks against the potential upside suggested by the valuation metrics.
How Does LPLA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 24.0x 24.9x Forward P/E 11.6x N/A LPLA's current P/E (TTM) of 24.0x is slightly below its 5-year median P/E of 24.9x, indicating that the stock is trading at a lower valuation compared to its historical average. The forward P/E of 11.6x further emphasizes this trend, suggesting that the market may be undervaluing future earnings potential. This P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that LPLA is undervalued based on historical valuation metrics.
What Does LPLA's GF Score™ Tell Us? Metric Rating GF Score™ 82/100 Financial Strength 5/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 2/10 The GF Score™ of 82/100 indicates a strong overall performance, particularly in the areas of Profitability (9/10) and Growth (10/10). This suggests that LPLA is effectively managing its operations and has a robust growth trajectory. However, the Valuation (4/10) and Momentum (2/10) scores indicate some concerns, particularly regarding market perception and stock price trends. The disparity between the strong growth potential and the weaker valuation metrics suggests that while LPLA has the operational capacity for success, external factors may be hindering its market performance.
What Are Insiders Doing with LPLA Stock? In the last three months, insiders have sold $0.6M worth of LPLA shares, with no insider purchases reported during the same period. This pattern of selling may suggest a lack of confidence among insiders regarding the company's near-term performance, which could be a red flag for potential investors. While insider selling does not necessarily indicate a problem, it is an important factor to consider in the overall assessment of the company's market sentiment.
What This Means for Investors Based on the GF Value™ assessment, LPL Financial Holdings Inc is currently undervalued. The significant gap between the current price and the estimated fair value presents a potential opportunity, although investors should remain cautious given the recent stock performance and insider selling trends.
For the complete analysis, visit the LPL Financial Holdings Inc LPLA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is LPLA's GF Score™?
LPLA's GF Score™ is 82/100, indicating a strong overall performance and potential for solid long-term returns based on its financial metrics.
Is LPLA overvalued or undervalued?
LPLA is currently undervalued, with a GF Value™ of $461.79 compared to its current price of $268.86, suggesting significant upside potential.
What is LPLA's P/E ratio?
LPLA's P/E (TTM) is 24.0x, which is slightly below its 5-year median P/E of 24.9x, indicating it is trading at a lower valuation than its historical average.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
June 25, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 25, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Ronald White has launched a new independent practice, NorthStar Wealth Advisors, with support from Good Life Companies, an LPL Financial-affiliated firm. The team reported serving approximately $160 million in advisory, brokerage and retirement plan assets* and joins from Raymond James.
Based in El Paso, Texas, White brings more than three decades of experience serving retirees, business owners and high-net-worth families. He has built his practice on disciplined investing, tax-efficient strategies and long-term financial planning, with a strong emphasis on personalized service and client education.
White is joined by wealth advisor Scott Draime. Draime also brings approximately 30 years of industry experience, working with private wealth clients and families on retirement planning and relationship-driven financial guidance.
Together, the NorthStar Wealth Advisors team serves retirees, individuals nearing retirement, business owners and multigenerational families, delivering comprehensive wealth management tailored to each client’s goals.
“Our focus has always been on building long-term relationships and helping clients navigate important financial decisions with clarity and confidence,” White said. “We take a planning-first approach and are committed to delivering personalized strategies that evolve with our clients’ needs.”
Why They Chose LPL Financial and Good Life Companies
White said the move was driven by a desire for greater independence, combined with the infrastructure and support needed to grow the business.
“I wanted more ownership and flexibility in how we run our business and serve clients,” White said. “This relationship provides the operational support, technology and resources we need, and LPL’s platform gives us the scale and flexibility to continue enhancing the client experience. This will allow us to build a business that is fully aligned with our long-term vision.”
“We are proud to welcome Ron White and the team at NorthStar Wealth Advisors to the LPL community,” said Marc Cohen, chief growth officer at LPL Financial. “Through this strategic relationship, Ron and his team gain access to a strong combination of operational support and LPL’s integrated platform. This model provides the flexibility, resources and scale needed to serve clients effectively while building a differentiated and growing practice.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. NorthStar Wealth Advisors, Good Life Companies and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
On June 24, 2026, LPL Financial Holdings Inc (LPLA) shares fell 4.4% today, closing at $282.15. This decline is part of a broader trend, with shares down 20.8%
June 24, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 24, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Tribute Financial have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. Led by president and chief executive officer, Kevin Daniels, MBAF, the team reported serving over $500 million in advisory, brokerage and retirement plan assets* and joins LPL from United Planners Financial Services.
Based across offices in Missouri and Connecticut, Tribute Financial is a family-oriented practice serving a diverse client base that spans generations and financial backgrounds. Daniels and his team focus on building long-standing relationships grounded in trust and work with clients at various stages of their financial journeys.
With a career that began in electrical engineering — including designing power systems for F-18 aircraft — Daniels brings a dynamic, analytical perspective to financial planning. Over time, he transitioned into wealth management with a commitment to helping clients navigate complex financial decisions and work towards achieving long-term financial success.
Daniels describes his approach as centered on integrity and transparency, emphasizing the importance of earning trust in an increasingly complex financial landscape. By prioritizing consistent service and accountability — including a disciplined process where multiple team members review client accounts — Tribute Financial strives to deliver a reliable and personalized client experience.
“We believe success comes from doing the right thing over and over again,” Daniels said. “Our goal is to put people first and serve as trusted partners to our clients, helping them make informed decisions with confidence.”
Why Tribute Financial Chose LPL
Tribute Financial chose LPL for its advanced technology, robust resources and comprehensive support designed to help advisors operate more efficiently and better serve their clients. The firm was particularly drawn to LPL’s forward-looking approach and its commitment to providing cutting-edge tools that enable advisors to stay ahead in a rapidly evolving industry.
“LPL offers the technology and support we need to continue evolving our business while staying focused on what matters most — our clients,” Daniels said. “Having access to enhanced resources allows our team to strengthen our capabilities and position our firm for the future.”
The Tribute Financial team includes advisors Martin Nadeau, CFP®, Zach Daniels, Scott Kearns and Caleb Sanders along with a dedicated support staff committed to delivering high-quality client service.
The team is also committed to giving back, including funding the construction of schools in Nicaragua that support approximately 200 children — an extension of the firm’s values-driven mission.
Marc Cohen, chief growth officer at LPL, said, “We are proud to welcome Kevin Daniels and the Tribute Financial team to LPL. They have built a thoughtful, values-driven practice rooted in trust, consistency, and a deep commitment to doing right by clients. Their holistic approach and long-standing focus on building enduring relationships make them a strong fit for LPL, and we look forward to supporting their next chapter.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Tribute Financial and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
Investors in LPL Financial Holdings Inc. (LPLA - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 18, 2026 $220 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for LPL Financial shares, but what is the fundamental picture for the company? Currently, LPL Financial is a Zacks Rank #3 (Hold) in the Financial - Investment Bank industry that ranks in the Top 42% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimate for the current quarter, while three analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $5.44 per share to $5.36 in that period.
Given the way analysts feel about LPL Financial right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
June 17, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 17, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Daniel Zacharias has joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform, aligned with Decorum Wealth Management, an existing LPL Strategic Wealth firm. Zacharias reported serving approximately $250 million in advisory, brokerage and retirement plan assets* and joins from UBS Financial Services.
Zacharias has almost 20 years of industry experience and a well-rounded background across multiple areas of financial services. As a second-generation financial advisor, he began his career in national accounts in Silicon Valley before transitioning into the mortgage industry, including time focused on commercial development. He later joined UBS, where he worked alongside his father, building a practice grounded in long-term relationships and thoughtful financial guidance.
Serving a diverse client base, Zacharias works with individuals and families from a range of backgrounds, including business owners, professionals and retirees. His approach emphasizes understanding each client’s priorities and cash flow needs, helping address clients are positioned for both near-term financial freedom and long-term growth.
“Building strong relationships is at the core of everything I do,” said Zacharias. “I take the time to understand what matters most to each client so I can deliver recommendations that align with their goals. That foundation allows me to help guide clients through important financial decisions with confidence.”
Why Daniel Zacharias Chose LPL and Decorum Wealth Management
Zacharias chose to join LPL and align with Decorum Wealth Management for the opportunity to operate with greater independence while benefiting from the resources, technology and support of an established Strategic Wealth firm.
“LPL’s model of supported independence gives me the flexibility to run my business in a way that best serves my clients,” Zacharias said. “Combined with the strength of the Strategic Wealth platform and the team at Decorum, I’m well positioned to continue delivering personalized, quality advice.”
"We are thrilled to bring Dan Zacharias into the Decorum family,” said Brian Gudgel, partner at Decorum Wealth Management. “His deep expertise and sound track record reinforces our confidence in the direction we're heading. We are honored to have him in our corner and excited to support him and his clients."
Marc Cohen, chief growth officer at LPL Financial, said, “We’re pleased to welcome Daniel to LPL and the Decorum Wealth Management team. His multichannel industry experience and commitment to understanding clients’ financial needs align with LPL’s purpose to support advisors as they deliver meaningful, client-centric guidance. We look forward to supporting Daniel as he continues to grow his practice.”
Zacharias is active in his local community and supports organizations in Merced, California. Outside of the office, he enjoys golfing, participating in a bowling league, listening to music, reading and staying active. He also values spending time with his family.
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Decorum Wealth Management and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
June 16, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 16, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Spectrum Wealth Strategies have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $1.5 billion in advisory, brokerage and retirement plan assets* and joins LPL from MassMutual.
Based in Dallas, Spectrum Wealth Strategies is led by financial advisors Randy Black, CFP®; Jonathan Bomar, CFP®; Truman Blocker, CFP®; Landon Vaughan; Weston Poulos, CFP®; Billy Geiler, CFP®; Jeff Cummins, CFP®, CPA, MBA; and Jaime Galvan, CFP®. The team also includes associate advisors Stephen Luna and Matthew Galvan, with additional office locations in Waco, Texas, and Wilmington, N.C.
Spectrum Wealth Strategies serves a broad and diverse client base of high-earning individuals and families, many of whom are focused on long-term financial growth and planning. The team emphasizes building enduring relationships by helping clients navigate evolving financial needs across different stages of life.
The practice is centered on a collaborative model, where advisors share resources, insights and expertise to deliver comprehensive financial planning. The team meets regularly to align on strategy and ensure they are providing the highest level of service to clients.
“Our goal is to meet clients where they are and help guide them to where they want to go,” said Bomar. “We build comprehensive financial plans that evolve alongside our clients, with a focus on long-term partnership and helping them make informed decisions throughout life.”
Spectrum Wealth Strategies differentiates itself through its team-based approach, enabling clients to benefit from a wide range of expertise within a single firm.
“We believe our strength lies in having someone on our team who can serve each client’s unique needs,” said Blocker. “Our core competency is delivering financial planning for life — supporting clients through every stage and helping them stay on track toward their goals.”
Why Spectrum Wealth Strategies Chose LPL
The Spectrum Wealth Strategies team selected LPL for its autonomy, enhanced capabilities and advisor-focused support model.
“The move to LPL allows us greater independence and access to more robust solutions for our clients,” Bomar said. “With deeper research capabilities and strong back-office support, we are better positioned to grow our business while continuing to provide personalized service.”
LPL Chief Growth Officer Marc Cohen said, “We are pleased to welcome the Spectrum Wealth Strategies team to LPL. Their collaborative approach and commitment to delivering personalized, long-term financial planning align closely with LPL’s purpose to empower advisors with the flexibility, technology and support they need to serve their clients and grow their practices.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Spectrum Wealth Strategies and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
June 16, 2026 16:05 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 16, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today released its monthly activity report for May 2026.
Total client assets at the end of May were $2.55 trillion, an increase of $76.9 billion, or 3.1%, compared to the end of April. Advisory assets as a percentage of total assets increased to 60.2%, up from 55.1% a year ago.
Total organic net new assets (“NNA”) for May were $8.8 billion, translating to a 4.3% annualized growth rate.
Total client cash balances at the end of May were $54.8 billion, a decrease of $0.6 billion compared to the end of April. Net buying in May was $13.7 billion.
(End of period $ in billions, unless noted)MayAprilChangeMayChange20262026M/M2025Y/YClient Assets Advisory1,537.31,482.73.7%1,021.650.5%Brokerage1,017.3995.02.2%832.922.1%Total Client Assets2,554.62,477.73.1%1,854.537.8% Organic NNA Advisory11.06.0n/m8.3n/mBrokerage(2.2)(3.0)n/m(1.8)n/mTotal Organic NNA8.83.1n/m6.5n/m Acquired NNA Advisory0.00.0n/m0.0n/mBrokerage0.00.0n/m0.0n/mTotal Acquired NNA0.00.0n/m0.0n/m Total NNA Advisory11.06.0n/m8.3n/mBrokerage(2.2)(3.0)n/m(1.8)n/mTotal NNA8.83.1n/m6.5n/m Net brokerage to advisory conversions2.12.2n/m2.2n/m Client Cash Balances Insured cash account sweep37.037.6(1.6%)33.410.8%Deposit cash account sweep14.814.70.7%10.639.6%Total Bank Sweep51.952.3(0.8%)44.018.0%Money market sweep1.21.3(7.7%)3.9(69.2%)Total Client Cash Sweep Held by Third Parties53.153.6(0.9%)47.910.9%Client cash account1.81.9(5.3%)1.338.5%Total Client Cash Balances54.855.5(1.3%)49.211.4% Net buy (sell) activity13.712.9n/m13.5n/m Market Drivers S&P 500 Index (end of period)7,5807,2095.1%5,91228.2%Russell 2000 Index (end of period)2,9192,8004.3%2,06641.3%Fed Funds daily effective rate (average bps)363364(0.3%)433(16.2%) For additional information regarding these and other Company business metrics, please refer to the Company’s most recent earnings announcement, which is available in the quarterly results section of investor.lpl.com.
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) and LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisers and broker-dealers. Members FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
June 15, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 15, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Fortress Financial Planning have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. Advisors Bassem Moez, CRPC® and James Darden, JD, reported serving approximately $150 million in advisory, brokerage and retirement plan assets* and join LPL from MassMutual.
Based in the Detroit metro area, Fortress Financial Planning serves a diverse client base that includes pre-retirees, retirees and professionals such as physicians and business owners. The team is focused on delivering personalized financial guidance designed to help clients make informed, confident decisions about their financial future.
Fortress Financial Planning is built on a philosophy of independent advice, transparency and education. By taking the time to understand each client’s goals and circumstances, the advisors aim to simplify complex financial concepts and empower clients to take an active role in their financial decisions.
“Our approach is centered on delivering personalized, client-first financial guidance and doing what’s right for the families we serve,” said Moez. “We believe in educating clients so they can make informed decisions, and we strive to operate with full transparency around every recommendation. By acting as the ‘CFO’ while our clients remain the ‘CEO’ of their financial lives, we help guide them with clarity, consistency and a long-term perspective. Ultimately, we want to be part of the client’s success story.”
Why Fortress Financial Planning Chose LPL
The advisors selected LPL for its ability to support their commitment to independence and customized financial advice. Moez previously affiliated with LPL for eight years and viewed the firm as aligned with his philosophy of providing comprehensive guidance.
“Having worked with LPL in the past, I saw firsthand that it provides the flexibility and open architecture needed to deliver financial advice in our clients’ best interests,” Moez said. “The platform allows us to offer a broader range of solutions and tailor our approach to each client’s needs.”
“For me, the move to LPL represents an opportunity to expand that independence even further,” added Darden. “It gives us the ability to enhance how we serve clients and continue building a practice that prioritizes transparency, flexibility and long-term relationships.”
Marc Cohen, chief growth officer at LPL, said, “We are pleased to welcome Bassem and James to LPL. Their commitment to delivering transparent, client-first advice and educating clients to make informed financial decisions aligns closely with LPL’s purpose to empower advisors with the independence, technology and support they need to deliver personalized advice. We look forward to supporting their continued growth as they serve their clients and communities.”
Outside the office, both advisors are actively involved in their local community. Moez serves on the board of a charter school supporting underserved and English-as-a-second-language communities, while Darden has coached high school swimming for more than two decades.
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit http://www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Fortress Financial Planning and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
Key Takeaways LPL Financial posted Q1 adjusted earnings of $5.60, beating estimates, as revenues rose 35% to $4.97B.Advisory revenues jumped 55% to $2.62B and drove gross profit up 25% to $1.59B.LPLA client assets reached $2.34T; advisory net new assets were $25.8B, while brokerage was -$4.4B. LPL Financial Holdings Inc.’s (LPLA - Free Report) first-quarter 2026 adjusted earnings of $5.60 per share topped the Zacks Consensus Estimate of $5.49. Adjusted earnings rose 9% year over year.
Quarterly revenues came in at $4.97 billion, up 35.4% from the year-ago quarter. The top line marginally missed the consensus estimate of $4.98 billion.
The quarter reflected continued scale benefits, highlighted by a rise in revenues and growth in total client assets. An increase in expenses hampered the results to some extent.
LPLA’s Revenue Mix Benefits From Advisory GrowthAdvisory revenues soared 55% year over year to $2.62 billion, remaining the largest contributor to the top line. Commissions also grew, with total commissions rising 14% to $1.19 billion, supported by gains in both sales-based and trailing activity compared with the prior-year period.
Asset-based revenues totaled $820.8 million, up 18% year over year, as client cash revenue climbed 14% to $445.3 million and other asset-based revenues advanced 24% to $375.5 million. Service and fee revenues surged 45% to $211.0 million, while transaction revenues improved 19% to $80.5 million, reflecting higher activity levels and continued expansion in the advisor and account base.
LPL Financial Sees Gross Profit ExpansionLPL Financial’s gross profit rose 25% from a year ago to $1.59 billion, benefiting from the sharp increase in advisory revenues and improved attachment revenue streams. The strength in gross profit was an important driver behind the adjusted earnings beat and helped offset ongoing investment spending across the platform.
LPLA’s production-based payout totaled $3.32 billion, reflecting continued growth in advisor activity and the economics tied to advisory and commission revenues. The payout rate was 87.22%, up from 86.75% in the year-ago quarter, pointing to a modestly higher payout as the business scales, even as gross profit expanded meaningfully.
LPLA’s Costs Rise as Core G&A ClimbsTotal expenses increased 37% year over year to $4.45 billion, illustrating the cost of supporting rapid growth and onboarding-related activity. Advisory and commission expenses climbed 40% to $3.29 billion, consistent with the higher revenue base generated in the quarter.
Beyond production-related costs, several corporate expense categories moved higher. Additionally, core G&A increased 29% to $532.0 million, highlighting continued investment in capabilities and scale initiatives.
LPL Financial Delivers Solid Asset FlowsLPL Financial ended the quarter with $2.34 trillion of total client assets, up 30% from the prior-year period. Advisory assets rose 42% to $1.39 trillion, and represented 59.5% of total client assets. This reinforces the ongoing mix shift toward fee-based advisory. Brokerage assets grew 16% from the prior-year quarter to $945.9 million.
Asset flows were positive, though the composition was mixed. Total organic net new assets were $21.4 billion. Within that, advisory organic net new assets were $25.8 billion, while brokerage organic net new assets were negative $4.4 billion.
Recruited assets were $17.4 billion, down 55% from the year-ago quarter, though recruited assets over the trailing 12 months were $83 billion, indicating a larger pipeline over a longer horizon.
LPLA Updates 2026 Expense Outlook and Capital PlansOn the outlook front, LPLA lowered the upper end of its 2026 Core G&A outlook by $20 million to a range of $2.155-$2.190 billion, including expenses related to the Commonwealth acquisition. This adjustment reflects performance to date and the company’s efforts to balance growth investments with improving operating leverage.
Capital actions also returned to focus. The board declared a 30-cent per share dividend, which will be paid out on June 4, 2026. Also, the company resumed share repurchases in April, with an estimated $125 million of buybacks planned during the second quarter.
On M&A execution, LPLA said the Commonwealth conversion remains on track for the fourth quarter of 2026, while highlighting a newly announced agreement related to Mariner Advisor Network and continued activity in its Liquidity & Succession program, including $62 million deployed across six deals in the quarter.
Our View on LPL FinancialLPL Financial’s recruiting efforts and solid advisor productivity will likely continue aiding advisory revenues. Strategic acquisitions and a strong balance sheet will support financials. However, rising expenses and uncertainty in capital markets are likely to adversely impact commission revenues.
Performances of LPLA’s PeersInteractive Brokers Group’s (IBKR - Free Report) first-quarter 2026 adjusted earnings per share of 60 cents missed the Zacks Consensus Estimate of 62 cents. However, the bottom line reflected a rise of 27.7% from the prior-year quarter.
IBKR’s results were primarily hurt by a rise in expenses. However, an increase in revenues, growth in customer accounts and a rise in daily average revenue trades (DARTs) acted as tailwinds.
Charles Schwab’s (SCHW - Free Report) first-quarter 2026 adjusted earnings of $1.43 per share outpaced the Zacks Consensus Estimate of $1.38. The bottom line soared 38% year over year.
Quarterly results benefited from the robust performance of the asset management business and an increase in trading revenues. Higher net interest revenues (NIR) and solid brokerage account numbers were other positives. However, an increase in expenses was the undermining factor for SCHW.
SAN DIEGO, May 05, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Bobby Lumpkin, Cindy Little and Allina Bell of Capital Investment Services have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. The firm reports approximately $775 million in advisory, brokerage and retirement plan assets* and joins LPL from Raymond James.
May 07, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, May 07, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Conley Thornhill, CFP®, CIMA®, Doug Rathbun and Nikki Rathbun have joined Linsco by LPL Financial to launch Paxara Wealth Partners. The team reported serving approximately $330 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS.
Based outside of Tampa in Winter Haven, Fla., Paxara Wealth Partners serves a national client base that includes business owners, physicians, executives and retirees, many of whom are navigating complex financial lives. With more than a century of combined industry experience, the firm takes a personalized, team-based approach designed to bring insight and reassurance to every stage of a client’s financial journey, from managing successful businesses to planning for retirement and building multigenerational wealth.
Thornhill, Paxara’s founder and lead advisor, has been recognized as a Forbes Best-In-State Wealth Advisor for five consecutive years (2020–2025), reflecting his longstanding commitment to client-focused advice and disciplined financial planning.**
“We’ve always taken a deeply personal approach, treating every client like family to ensure a high level of care,” said Thornhill. “Many of our relationships span decades, and today we’re proud to work with second- and third-generation clients who continue to trust us with their financial lives.”
In addition to comprehensive wealth planning, the team is especially focused on guiding clients through major life transitions.
“On a personal level, I’m especially passionate about supporting women through pivotal moments like divorce or widowhood,” said Nikki Rathbun, vice president and financial advisor. “During those times, it’s not just about financial guidance – it’s about listening, simplifying the process and providing reassurance when clients need it most.”
The firm’s name reflects its planning philosophy – “Pax” is the Latin word for peace while “ara” represents a strong foundation.
“Clients value our strategic, individualized approach that’s grounded in disciplined planning and decades of experience,” said Doug Rathbun, vice president and financial advisor. “Ultimately, our role is to bring clarity and confidence to important decisions, helping families protect what they’ve built and plan thoughtfully for what comes next.”
Why Paxara Wealth Partners Chose LPL
After an extensive due diligence process, the Paxara team, which also includes Joseph Kolad, CIMA®, CLU®, Kelly Castle and Ashley Aycock, selected LPL for its advanced technology, advisor independence and breadth of resources that allow them to operate without proprietary product constraints.
“Our move to LPL was driven by a desire for better technology, greater independence and the freedom to serve our clients fully and objectively,” said Doug Rathbun. “LPL allows us to elevate the client experience, collaborate more effectively and advocate for clients across areas like lending – without being limited to a single provider.”
LPL Chief Growth Officer Marc Cohen said, “We are proud to welcome Paxara Wealth Partners to LPL. Their commitment to personalized, relationship-driven advice aligns with LPL’s purpose to empower advisors with the technology, flexibility and support they need to deliver meaningful outcomes for their clients.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
** Forbes Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the rankings, but awardees have the option to purchase rights to use the award logo or additional marketing packages to promote their award. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.
LPL Financial has been recognized with two Stevie® Awards honoring the firm's leadership in applying AI to transform the advisor and investor experience.
May 14, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, May 14, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Fifteen:22 Financial Partners have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $380 million in advisory, brokerage and retirement plan assets* and joins LPL from Nations Financial Group.
Based in Kansas, Fifteen:22 Financial Partners is comprised of managing partners Douglas Bennett, Nicholas Bennett, Van Schaffer, Malcolm Ong, Brent Hoffman and Douglas Stephens, bringing together more than 120 years of combined industry experience. Founded more than 35 years ago, the firm was built on a legacy of deep client relationships and has grown through multigenerational referrals and a commitment to personalized, long-term financial guidance.
Fifteen:22 serves individuals and families across the country, with a client base that spans retirees, working professionals and younger investors beginning their financial journeys. The team takes a relationship-driven approach rooted in understanding each client’s goals, values and life experiences, with an emphasis on continuity of care across generations.
“We take the time to truly understand what matters most to our clients — their goals, concerns and values — so we can design strategies that support them throughout every stage of life,” said Stephens, “Our focus has always been on building lasting relationships that extend beyond one generation, and that commitment continues as our firm grows.”
The firm operates a collaborative, team-based model, combining shared investment oversight with individualized advisor relationships. Advisors regularly meet as an investment committee to align on strategy while maintaining a highly personalized client experience. In addition, Fifteen:22 offers values-based investing solutions for clients whose financial objectives extend beyond traditional return measures.
“We are not solely focused on gathering assets — we are focused on fostering trust and strong relationships through education, service and thoughtful advice,” said Hoffman. “Whether we are working with retirees, their children or even their grandchildren just beginning to invest, our goal is to be a long-term partner in their financial lives.”
Why Fifteen:22 Financial Partners Chose LPL
The Fifteen:22 team selected LPL Financial for its advanced technology, modern client-facing tools and depth of operational support. The team is supported by Jennifer Greer and Rachel Price.
“LPL’s commitment to innovation and its continued investment in technology stood out to us,” said Douglas Bennett. “The platform provides sophisticated resources for both advisors and clients, which is increasingly important as expectations evolve across generations. Joining LPL positions our firm to better serve our clients today while preparing us for the future.”
Marc Cohen, chief growth officer at LPL Financial, said, “We are pleased to welcome Fifteen:22 Financial Partners to LPL. Their longstanding commitment to relationships, team-based culture and focus on serving clients across generations align well with LPL’s purpose to empower advisors with the independence, technology and support they need to grow thriving practices and deliver exceptional client experiences.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Fifteen:22 Financial Partners and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
LPL Financial has been recognized with two Stevie® Awards honoring the firm's leadership in applying AI to transform the advisor and investor experience.
SAN DIEGO, May 19, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Davis Executive Wealth have joined LPL Financial's supported independence model, LPL Strategic Wealth. The team reported serving approximately $635 million in advisory assets* and joins LPL from Steward Partners.
May 20, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, May 20, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Cebert Wealth Advisors have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $1 billion in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise.
Based in Central Florida, Cebert Wealth Advisors focuses on serving the specialized financial needs of individuals and families living in The Villages, one of the nation’s largest and fastest-growing retirement communities. The firm works primarily with retirees, pre-retirees and multigenerational families seeking guidance on managing, preserving and transferring wealth through retirement.
Led by founder and president Dale Cebert, ChFC®, CLU®, CASL®, the Cebert team includes Alec Thomas, Catherine Harris, CRPC™, APMA®, Tom Romanac, APMA®, CRPC™, Stephen Peterson, APMA®, David DeSantis, APMA® and Mark Dickerson, CFP®, ChFC®, CDFA®. Together, the advisors support more than 1,700 clients, the vast majority of whom are retired or nearing retirement.
“The Villages is a community filled with people who have worked hard, built meaningful careers and are now focused on enjoying retirement while protecting what they’ve built,” said Cebert. “Our role is to help clients navigate that transition with confidence by providing thoughtful, personalized strategies that support sustainable income, long-term financial freedom and legacy planning.”
Cebert Wealth Advisors differentiates itself through a collaborative, team-based approach in which multiple professionals work together on client relationships. This structure provides broader expertise, continuity of service and more comprehensive planning — creating a stable and consistent advisory experience over time.
“We emphasize long-term relationships over transactions,” Cebert added. “Many of our clients introduce their children to our firm, allowing us to support multiple generations within the same family. It’s incredibly meaningful work, and it’s central to who we are as a practice.”
Why Cebert Wealth Advisors Chose LPL
The Cebert Wealth team selected LPL Financial for its independence, robust research capabilities and access to a broad range of investment tools and technology designed to enhance advisor efficiency and client outcomes. The advisor team is supported by Amanda Christensen, Briana Scovack, Martha Moss, Heather Widmann, Justin Rosasco, Julie Thomas, Amanda Griffor, Angela Blansett, Shelby Cebert, Debbie Jordan and Tori Thomas.
“Joining LPL gives us the flexibility to remain independent while expanding the resources we can deliver to our clients,” Cebert said. “Access to broader investment solutions, research and technology allows us to continue providing sophisticated, personalized advice tailored to the unique goals of each family we serve.”
Marc Cohen, chief growth officer at LPL Financial, said, “We’re pleased to welcome Cebert Wealth Advisors to LPL. Dale and his team have built a deeply valued practice rooted in long-term relationships, local expertise and a strong understanding of retirees’ needs. Their collaborative culture and commitment to personalized planning align well with our purpose to empower advisors with the independence, technology and support they need to serve clients with confidence.”
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Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Cebert Wealth Advisors and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
SAN DIEGO, May 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of Emerald Wealth Management have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. The team reports serving approximately $815 million in advisory, brokerage, insurance and retirement plan assets* and joins LPL from Northwestern Mutual.
SAN DIEGO, May 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the financial advisors of True Compass Advisors have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. The team was previously affiliated with Kestra, where they serviced approximately $870 million in advisory, brokerage and retirement plan assets.*
May 21, 2026 16:05 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, May 21, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today released its monthly activity report for April 2026.
Total client assets at the end of April were $2.48 trillion, an increase of $141.4 billion, or 6.1%, compared to the end of March. Advisory assets as a percentage of total assets increased to 59.8%, up from 54.7% a year ago.
Total organic net new assets (“NNA”) for April were $3.1 billion, translating to a 1.6% annualized growth rate.
Total client cash balances at the end of April were $55.5 billion, a decrease of $3.6 billion compared to the end of March. Net buying in April was $12.9 billion.
(End of period $ in billions, unless noted)
April March Change April Change 2026 2026 M/M 2025 Y/Y Client Assets Advisory1,482.7 1,390.4 6.6%978.6 51.5%Brokerage995.0 945.9 5.2%809.4 22.9%Total Client Assets2,477.7 2,336.3 6.1%1,787.9 38.6% Organic NNA Advisory6.0 9.7 n/m 6.9 n/m Brokerage(3.0)(1.6)n/m (0.8)n/m Total Organic NNA3.1 8.1 n/m 6.1 n/m Acquired NNA Advisory0.0 0.0 n/m 0.0 n/m Brokerage0.0 0.0 n/m 0.0 n/m Total Acquired NNA0.0 0.0 n/m 0.0 n/m Total NNA Advisory6.0 9.7 n/m 6.9 n/m Brokerage(3.0)(1.6)n/m (0.8)n/m Total NNA3.1 8.1 n/m 6.1 n/m Net brokerage to advisory conversions2.2 2.2 n/m 1.7 n/m Client Cash Balances Insured cash account sweep37.6 39.8 (5.5%)35.2 6.8%Deposit cash account sweep14.7 15.9 (7.5%)10.7 37.4%Total Bank Sweep52.3 55.7 (6.1%)45.9 13.9%Money market sweep1.3 1.5 (13.3%)4.2 (69.0%)Total Client Cash Sweep Held by Third Parties53.6 57.2 (6.3%)50.2 6.8%Client cash account1.9 2.0 (5.0%)1.6 18.8%Total Client Cash Balances55.5 59.1 (6.1%)51.8 7.1% Net buy (sell) activity12.9 12.7 n/m 10.4 n/m Market Drivers S&P 500 Index (end of period)7,209 6,529 10.4%5,569 29.4%Russell 2000 Index (end of period)2,800 2,496 12.2%1,964 42.6%Fed Funds daily effective rate (average bps)364 364 —%433 (15.9%) For additional information regarding these and other Company business metrics, please refer to the Company’s most recent earnings announcement, which is available in the quarterly results section of investor.lpl.com.
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) and LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisers and broker-dealers. Members FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
May 27, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, May 27, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Michael Stevenson, David Johnson and Nikko Gronhovd, CFP® of Soundview Wealth Management, LLC, have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and join LPL from D.A. Davidson.
The team serves a diverse client base that spans multiple generations, working with individuals and families at all stages of their financial lives. From helping families navigate wealth transitions to guiding younger clients as they begin investing, the team is committed to building long-term relationships grounded in trust and personalized service.
“We are different because of our relationships with clients and how our team works together,” said Johnson. “On the client side, we’ve been fortunate to be part of a practice where many relationships span generations, allowing us to work with families across all stages of life. On our side, it’s a true team approach. We challenge each other, talk things through and make decisions together with the client in mind.”
Soundview Wealth Management takes a comprehensive, planning-focused approach to advice. The advisors emphasize understanding each client’s unique goals and circumstances while helping them filter through market noise and stay focused on long-term priorities.
“Our role goes beyond selecting investments,” said Gronhovd. “We’re here to listen, serve as a sounding board and help clients make thoughtful, informed decisions. By focusing on what matters most for each client, we can provide clarity and confidence throughout their financial journey.”
Why Soundview Wealth Management, LLC Chose LPL
The Soundview team chose LPL after exploring opportunities to enhance their technology and operational flexibility. They were drawn to LPL’s integrated platform, transparent approach and ability to support their client-first philosophy.
“When the opportunity to explore LPL came up, it felt worth a closer look,” said Stevenson. “From the start, LPL’s approach was straightforward. They walked us through their technology, the flexibility of the platform and how it supports the way we want to work with clients. Just as important, they outlined a transition plan that felt clear and manageable for the people we serve.”
Marc Cohen, chief growth officer at LPL, said, “We are pleased to welcome the Soundview Wealth Management team to LPL. Their collaborative approach and commitment to serving clients across generations align with LPL’s purpose to empower advisors with the flexibility, technology and support they need to deliver personalized advice and grow their practices.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit http://www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Soundview Wealth Management, LLC and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
May 27, 2026 16:05 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, May 27, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Rich Steinmeier, Chief Executive Officer, will present at the William Blair Growth Stock Conference on June 3.
The presentation takes place at 9:40 a.m. ET. A live audio webcast of the presentation will be accessible at investor.lpl.com, with a replay available on the website after the presentation.
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer. Member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Steve Schott, MBA, has joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. Schott reported serving approximately $240 million in advisory, brokerage and retirement plan assets* and joins LPL from Cambridge Investment.
SAN DIEGO, June 04, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Scott Gilliam, CFP® and Travis Blessing, AIF®, have launched a new independent practice, Align Private Wealth, through affiliation with LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $2 billion in advisory plan assets* and joins LPL from PNC Private Bank.
LPL Financial Holdings Inc. is upgraded to buy, with valuation now attractive and strong earnings growth projected for 2026 and beyond. LPLA's Q1 saw 30% YoY client asset growth to $2.3 trillion, robust pre-tax margins, and resumed share buybacks. Despite lagging SPY and XLF, LPLA targets mid- to high single-digit organic growth and potential upside to $336/share at 16x P/E.
SAN DIEGO, June 09, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Darren Colananni, CFP®, ChFC®, CIMA®, CPWA®, has joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform, launching Allegia Wealth Management. Colananni reported serving approximately $230 million in advisory, brokerage and retirement plan assets* and joins LPL from Centurion Wealth Management.
June 11, 2026 08:55 ET | Source: LPL Financial Holdings, Inc.
SAN DIEGO, June 11, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Les Smith, CFP®, has joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. Smith reported serving approximately $185 million in advisory, brokerage and retirement plan assets* and joins LPL from Edward Jones.
Based in Spring Hill, Tenn., Smith is the founder of Smith Complete Wealth and brings more than a decade of experience serving pre- and post-retirement clients, with a focus on blue-collar individuals and families who value hard work, integrity and having a trusted advocate in their corner. Smith built his business organically, developing relationships through direct outreach and a strong commitment to delivering meaningful value to clients.
Smith’s approach is rooted in consistent communication and ongoing refinement of each client’s financial plan. By maintaining regular touchpoints and focusing on incremental improvements, he aims to help clients make steady progress toward long-term financial goals. He emphasizes that small, disciplined changes over time can lead to meaningful results.
“My mission has always been to add as much value as possible to my clients’ lives,” said Smith. “That means staying connected, continuously evaluating their financial plans and looking for ways to improve — even if it’s just a small step forward. I believe those small wins add up over time and help clients feel confident about where they’re headed.”
Why Les Smith Chose LPL
Smith selected LPL for its advanced technology, flexibility and advisor-first model, which he believes will enhance his ability to serve clients.
“I made this move because I felt I could elevate the value I deliver to my clients,” Smith said. “LPL’s technology, autonomy and forward-thinking approach give me the ability to go deeper in areas like tax and estate planning, while maintaining the flexibility to make timely decisions on behalf of my clients. It’s a platform that empowers advisors to operate at their highest level.”
Smith also noted that LPL’s capabilities will support a more customized and tactical investment approach, allowing him to move beyond standardized strategies and tailor solutions to each client’s specific needs and goals.
Marc Cohen, chief growth officer at LPL Financial, said, “We are pleased to welcome Les to LPL. His dedication to hard work, client communication and continuous improvement aligns with LPL’s purpose to empower advisors with the tools, flexibility and support they need to deliver personalized advice. We look forward to supporting Les as he continues to grow his business and make a meaningful impact in the lives of his clients.”
Related
Advisors, learn how LPL Financial can help take your business to the next level.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com/.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Smith Complete Wealth and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
